NOT LISTED FOR SALE

423 E 8th St Gilroy, CA 95020

10 Beds
6 Baths
4,019 Sq Ft
0.28 Acres

Last Sold January 05, 2015

Last sale price $840,000 $209 Per Sq Ft

3 Days on Market

Highlights

  • 4 Car Detached Garage
  • Wall Furnace
  • 4-minute walk to Forest Street Park
  • Carpet

About This Home

As of January 2015

THIS 4 PLEX IS AN INVESTORS DREAM. LONG TERM TENANTS AND NO NEIGHBORHOOD DISTURBANCES

Last Agent to Sell the Property

Mary Surber

Coldwell Banker Realty License #01755903 Listed on: 12/11/2014

Coldwell Banker Realty

Last Buyer's Agent

Gabriel Reyes

Intero Real Estate Services License #00911855

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1993

Lot Details

  • 0.28

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shake Roof

Interior Spaces

  • 4,019 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,812
  • Insurance Expense $2,505
  • Maintenance Expense $157
  • Manager Expense $3,888
  • Utility Expense $726
  • Trash Expense $257
  • Operating Expense $19,287
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Year Built

1993

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4019
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1993

Interior Features

  • Living Sq Ft: 4019
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shake

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Detached Garage, Off-Street Parking

Utilities

  • Heating System: Electric, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Regular
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12197.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12197.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 12.88
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2505
  • Expense Landscape: 1812
  • Expense Maintenance: 157
  • Expense Management: 3888
  • Expenses Total: 19287
  • Expenses Utility: 726
  • Expense Trash: 257
  • Income Annual Gross: 66000.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 66000
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 1200
  • Meters: Master Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Loan - Mortgage, Maintenance, Maintenance - Repair, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/05/2015 01/05/15 Sold $840,000 -1.2% $209 / Sq Ft
12/14/2014 12/14/14 Pending -- -- --
12/11/2014 12/11/14 For Sale $849,999 -- $211 / 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: ML81444603

MLSListings

APN: 841-11-067