NOT LISTED FOR SALE

390 E 8th St Gilroy, CA 95020

6 Beds
4 Baths
2,198 Sq Ft
6,499 Sq Ft Lot

Last Sold May 19, 2021

Last sale price $1,055,000 $480 Per Sq Ft

82 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Shed
  • Wood Flooring
  • Storage Room
  • 4-minute walk to Forest Street Park

About This Home

As of May 2021

Price Reduction. Investor's Dream Property. Two detached single family homes! Corner lot with seperate entrances, Gas Meters, Electric meters, and Water meters. Rent both or live in one of them. Just remodeled, move in ready. Coveniently located with nearby freeway access, Kaiser Clinic, Costco, Lowe's, Walmart and plenty of shopping. A walk to downtown restaurants and Cal train station. Front unit Charming 800sqft craftsman style cottage built in early 1900's. 2 bed 1.5 bath, indoor laundry, fenced backyard and spacious storage shed. Rear unit: built 1965, 4 large bedrooms, 2 full baths, indoorlaundry, shop with custom cabinetry. Fenced yards and perimeter. Off street parking both units. Plenty more on street parking. Quiet uncongested desirable R2 neighborhood. Flooded with calls from potential renters inquiring to rent.Seller will consider trade for fixer upper.

Last Agent to Sell the Property

Amado Gutierrez

Fidelity Properties License #01212861 Listed on: 01/26/2021

Last Buyer's Agent

Louis Ponce

Realty World-AC Properties License #01044888

Realty World-AC Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 6,499 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,198 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Storage Room
  • Washer and Dryer Hookup
  • Crawl Space

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Parking

  • 2 Parking Spaces
  • Workshop in Garage
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • Shed
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $55,200

Community Details

Overview

  • 2,198 Sq Ft Building

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Operating Expense $16,562
  • Gross Income $49,680

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Contemporary, Vintage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2198
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Appliances - Vary By Unit, Dishwasher, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2198
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Laminate, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Off-Street Parking, Workshop In Garage

Utilities

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

Schools

  • High School: 277

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Gross Rent Multiplier: 19.91

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 1000
  • Expenses Total: 16562
  • Income Annual Gross: 49680.00
  • Income Annual Rental: 55200
  • Income Gross Scheduled: 55200
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 10

Range of Values:

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Value Increase
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Adjusted for Inflation
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Sold Price
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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 Prior Sale
05/19/2021 05/19/21 Sold $1,055,000 -4.0% $480 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $1,099,000 -0.9% $500 / Sq Ft
03/25/2021 03/25/21 For Sale $1,108,900 0.0% $505 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/15/2021 03/15/21 Price Changed $1,108,900 -1.8% $505 / Sq Ft
03/11/2021 03/11/21 Price Changed $1,129,000 -1.7% $514 / Sq Ft
01/26/2021 01/26/21 For Sale $1,149,000 +82.4% $523 / Sq Ft
10/16/2020 10/16/20 Sold $630,000 -8.7% $788 / Sq Ft View Prior Sale
08/13/2020 08/13/20 Pending -- -- --
07/09/2020 07/09/20 Price Changed $690,000 -1.4% $863 / Sq Ft
06/08/2020 06/08/20 For Sale $700,000 -- $875 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81827267

MLSListings