NOT LISTED FOR SALE

467 W 8th St Gilroy, CA 95020

5 Beds
4 Baths
2,023 Sq Ft
6,447 Sq Ft Lot

Last Sold February 05, 2024

Last sale price $1,055,000 $522 Per Sq Ft

11 Days on Market

Highlights

  • 4 Car Attached Garage
  • Carpet
  • 1-Story Property
  • Tile Countertops
  • Back Yard

About This Home

As of February 2024

An incredible opportunity is available with this charming duplex on the market. Unit A has been refreshed with new carpet, new paint, some new appliances & is ready for immediate occupancy, making it perfect for living in one portion and renting out the other, or leasing both units for maximum potential. Meanwhile, Unit B boasts a stable, long-term tenant on a month-to-month lease. Whether you're an investor eyeing potential income or a first-time homebuyer looking to create revenue streams, this property is an ideal fit. Unit A offers 3 beds and 2 baths, while Unit B features 2 beds and 2 baths, each with 2 car attached garages and separate backyards.

Last Agent to Sell the Property

Teri Fortino

Compass License #01061765 Listed on: 12/18/2023

Compass

Co-Listed By

Laura Vasquez

Compass License #02098169

Property Details

Home Type

  • Multi-Family

Year Built

  • 1990

Lot Details

  • 6,447 Sq Ft Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 2,023 Sq Ft Home
  • 1-Story Property
  • Tile Countertops
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $23,100

Community Details

Overview

  • 2,023 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gross Income $23,100

Property Details

Home Type

Multi-Family

Year Built

1990

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Kitchen: Countertop - Tile
  • Living Sq Ft: 2023
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Lot Info

  • Lot Acres: 0.1480
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6449.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6449.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 43.20
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 23100.00
  • Income Annual Rental: 23100
  • Income Gross Scheduled: 23100
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
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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
02/05/2024 02/05/24 Sold $1,055,000 +5.7% $522 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/18/2023 12/18/23 For Sale $998,000 -- $493 / 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 $6,974 $1,076,100 $714,000 $362,100
2024 $6,974 $558,341 $231,923 $326,418
2023 $6,933 $547,394 $227,376 $320,018
2022 $6,952 $536,662 $222,918 $313,744
2021 $6,789 $526,141 $218,548 $307,593
2020 $6,715 $520,748 $216,308 $304,440
2019 $6,653 $510,538 $212,067 $298,471
2018 $6,213 $500,528 $207,909 $292,619
2017 $6,344 $490,715 $203,833 $286,882
2016 $6,215 $481,094 $199,837 $281,257
2015 $5,865 $473,869 $196,836 $277,033
2014 $5,829 $464,588 $192,981 $271,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81949901

MLSListings

APN: 799-15-048