NOT LISTED FOR SALE

601 Fairview Dr Gilroy, CA 95020

5 Beds
2 Baths
1,828 Sq Ft
6,970 Sq Ft Lot

Last Sold February 29, 2024

Last sale price $820,000 $449 Per Sq Ft

7 Days on Market

About This Home

As of February 2024

Rare Investment Opportunity Charming Duplex with Spacious Backyards. Discover the perfect investment opportunity with this captivating duplex. Each unit boasts unique charms and functionalities to cater to a range of tenants, making it an ideal addition to any portfolio. Two separate units with distinct yard spaces, each unit has a Fireplace in living rooms, Covered outdoor areas for relaxation and entertainment. Spacious backyards with storage sheds & Convenient carport parking with alley access. Unit A: Features 3 bedrooms, 1 bathroom, a cozy living room with a fireplace, and an eat-in kitchen area. The covered outdoor space leads to a generous backyard, complete with a storage shed. Unit B: Offers 2 bedrooms, 1 bathroom, a welcoming living room, and a eat-in kitchen area. This unit has a bigger backyard, providing ample room for play and outdoor activities, alongside a storage shed. Potential investors should explore ADU possibilities with the county for additional revenue streams, making this an even more attractive investment. Seize this opportunity to own a versatile property with strong rental appeal and potential for expansion. Schedule a viewing today to envision the possibilities!

Last Agent to Sell the Property

Christina Morales

eXp Realty of California Inc License #01324678 Listed on: 02/06/2024

eXp Realty of California Inc

Last Buyer's Agent

Jake Gipson

KW Bay Area Estates License #01322520

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Total Actual Rent $57,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,335
  • Utility Expense $2,050
  • Trash Expense $740
  • Operating Expense $8,127
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1828
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1828
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Acres: 0.1600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6970.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6970.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.50
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1335
  • Expenses Total: 8127
  • Expenses Utility: 2050
  • Expense Trash: 740
  • Income Annual Gross: 57600.00
  • Income Annual Rental: 57600
  • Income Gross Scheduled: 57600
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
02/29/2024 02/29/24 Sold $820,000 -1.8% $449 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $835,000 -- $457 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christina Morales

    Seller's Agent in 2024

    Christina Morales

    eXp Realty of California Inc

    (831) 406-0657

    2 in this area

    13 Total Sales

    Christina Morales
    Section Image
  • Jake Gipson

    Buyer's Agent in 2024

    Jake Gipson

    KW Bay Area Estates

    (408) 206-3585

    1 in this area

    20 Total Sales

    Jake Gipson
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81953022

MLSListings

APN: 799-13-026

California Santa Clara County Gilroy 95020

601 Fairview Dr, Gilroy, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes