NOT LISTED FOR SALE

440 Old Gilroy St Gilroy, CA 95020

13 Beds
8 Baths
4,710 Sq Ft
13,068 Sq Ft

Last Sold February 03, 2017

Last sale price $1,180,750 $251 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • Tile Countertops
  • Fenced
  • 2 Car Attached Garage
  • Forced Air Heating System
  • 4-minute walk to Forest Street Park

About This Home

As of February 2017

This is an amazing and rare investment opportunity in the heart of Gilroy! Centrally located to schools, shopping, entertainment and dining. Each unit has 3 bedrooms and 2 baths and approx 1175 sq ft. Separate gas and electric meters for each unit. Unit 440 has been recarpeted and freshly painted and units have been well maintained inside/out . Rent on two units is currently below market. This asset will not last long do not wait.

Last Agent to Sell the Property

Lisa Stringfellow

Intero Real Estate Services License #01895863 Listed on: 12/16/2016

Intero Real Estate Services

Last Buyer's Agent

Danni Wu

Bay One Realty License #01385763

Bay One Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1998

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,710 Sq Ft Home
  • 2-Story Property
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $76,800

Community Details

Overview

  • 4,710 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $2,120
  • Maintenance Expense $3,000
  • Operating Expense $14,024
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Year Built

1998

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4710
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1998

Interior Features

  • Kitchen: Countertop - Tile, Varies By Unit
  • Living Sq Ft: 4710
  • Stories: 2
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Acres: 0.3000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13068.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13068.00

Rental Info

  • Existing Lease Term(s): Building Vacant, Lease(s), Month To Month
  • Gross Rent Multiplier: 15.11
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2120
  • Expense Maintenance: 3000
  • Expenses Total: 14024
  • Income Annual Gross: 76800.00
  • Income Annual Rental: 76800
  • Income Gross Scheduled: 76800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Insurance, Maintenance - Repair
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/03/2017 02/03/17 Sold $1,180,750 +1.7% $251 / Sq Ft
12/21/2016 12/21/16 Pending -- -- --
12/16/2016 12/16/16 For Sale $1,160,750 -- $246 / 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 $16,614 $1,370,355 $522,260 $848,095
2024 $16,614 $1,343,486 $512,020 $831,466
2023 $16,519 $1,317,144 $501,981 $815,163
2022 $16,251 $1,291,319 $492,139 $799,180
2021 $16,183 $1,266,000 $482,490 $783,510
2020 $16,007 $1,253,020 $477,543 $775,477
2019 $15,858 $1,228,452 $468,180 $760,272
2018 $14,804 $1,204,365 $459,000 $745,365
2017 $8,721 $675,634 $196,111 $479,523
2016 $8,905 $662,387 $192,266 $470,121
2015 $8,777 $652,438 $189,378 $463,060
2014 $8,242 $639,659 $185,669 $453,990
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81633989

MLSListings
Your Personal Tour Guide

Ask me questions while you tour the home.