NOT LISTED FOR SALE

241 W 8th St Gilroy, CA 95020

6 Beds
3 Baths
2,568 Sq Ft
9,845 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $1,150,000 $448 Per Sq Ft

114 Days on Market

Highlights

  • Granite Countertops
  • Vinyl Flooring
  • 1-Story Property
  • Washer and Dryer

About This Home

As of June 2022

Rare opportunity to own a triplex: duplex (231 and 241 W 8th St, Gilroy) and single family (221 W 8th St, Gilroy) on the same lot. You can live in the single family and rent out the duplex or rent all out. Triplex has been well maintained, all units have been recently remodeled and is easy to rent out. New interior and exterior paint, modern amenities such as granite countertops, updated cabinets, flooring and bathrooms. Come and see the opportunity that awaits. Duplex is 2 beds, 1 bath, 756 sq. ft. each side and the single family home is 2 beds, 1 with 1056 sq. ft. of living space. Close to major shopping centers, major freeway and schools.

Last Agent to Sell the Property

Tuan Tran

Silicon Valley Heights License #01374890 Listed on: 02/22/2022

Last Buyer's Agent

Adriana Leon

The Realty Society License #01751706

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 9,845 Sq Ft Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Composition Roof

Interior Spaces

  • 2,568 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Granite Countertops
  • Washer and Dryer

Flooring

  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $78,090

Community Details

Overview

  • 2,568 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $2,160
  • Insurance Expense $1,231
  • Maintenance Expense $2,400
  • Manager Expense $6,248
  • Utility Expense $1,086
  • Trash Expense $420
  • Operating Expense $26,407
  • Gross Income $78,090

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2568
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Countertop - Granite, Exhaust Fan
  • Living Sq Ft: 2568
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Flat / Low Pitch

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2260
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9845.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9845.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 16.33
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1231
  • Expense Landscape: 2160
  • Expense Maintenance: 2400
  • Expense Management: 6248
  • Expenses Total: 26407
  • Expenses Utility: 1086
  • Expense Trash: 420
  • Income Annual Gross: 78090.00
  • Income Annual Rental: 78090
  • Income Gross Scheduled: 78090
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Services - Gardener, Utilities
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $1,150,000 -9.8% $448 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
05/09/2022 05/09/22 Price Changed $1,275,000 -14.9% $496 / Sq Ft
02/22/2022 02/22/22 For Sale $1,499,000 -- $584 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,798 $1,220,389 $795,906 $424,483
2024 $14,798 $1,196,460 $780,300 $416,160
2023 $14,713 $1,173,000 $765,000 $408,000
2022 $10,469 $828,420 $458,821 $369,599
2021 $10,424 $812,177 $449,825 $362,352
2020 $10,311 $803,850 $445,213 $358,637
2019 $10,215 $788,089 $436,484 $351,605
2018 $9,538 $772,637 $427,926 $344,711
2017 $9,741 $757,488 $419,536 $337,952
2016 $6,819 $534,297 $185,368 $348,929
2015 $6,434 $526,272 $182,584 $343,688
2014 $6,392 $515,964 $179,008 $336,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81879356

MLSListings

APN: 799-09-013