$1,950,000

66 3rd St Gilroy, CA 95020

Estimated payment $12,248/month

Total Views 15,906
6 Beds
5 Baths
4,168 Sq Ft
$468 Price per Sq Ft

About This Home

This is an excellent opportunity to invest in a five-unit property in a desirable Gilroy location with a strong and stable income. The property includes a detached single-family home and a two-story four-plex. It was remodeled in 2015, and the kitchens now feature granite countertops. The bathrooms now have marble vanities and marble slab shower surrounds. There is newer flooring in each unit, and double-paned windows are throughout. The property also has a newer roof and recently added decking.

Listing Agent

Henry Ung

Henry Ung Inc License #01441355 Listed on: 12/12/2024

Co-Listing Agent

Anh Nguyen

Henry Ung Inc License #02130041

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,248 Sq Ft Lot

Home Design

  • 4,168 Sq Ft Home
  • Concrete Foundation
  • Concrete Perimeter Foundation

Parking

  • 4 Car Detached Garage
  • On-Street Parking

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $13,950
  • Assessor Parcel Number 799-04-022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Net Lease
  • Operating Expense $43,020
  • Net Operating Income $100,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s)
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Number Of1 Bedrooms Occupied: 2
  • Number Of2 Bedrooms Occupied: 2
  • Number Of3 Bedrooms Occupied: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Other
  • Price Per Square Foot: 467.85
  • Square Footage: 4168.00

Exterior Features

  • Construction Materials: Concrete
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1950000.00
  • Lot Features: None
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Detached, Street, Other
  • Total Parking Spaces: 4.00

Utilities

  • Security: None
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: None
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Gilroy Unified

Lot Info

  • Zoning: C1
  • Irrigation: None
  • Lot Size Acres: 0.1664
  • Lot Size Sq Ft: 7248.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total Deposit: 13950
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 143400
  • Operating Expense: 43020
  • Income Includes: ["See Remarks"]
  • Total Number Leasable: 5
  • Existing Lease Type: Other
  • Number of Leased Units: 5
  • Number of Units: 5
  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • Three Bedroom Annual Occupancy: 100
  • Gross Income Multiplier: 5.150
  • 1 Bedroom Rent Range: $2,200 - $2,400
  • Two Bedroom Rent Range: $2,300 - $2,750
  • Three Bedroom Rent Range: $3,200 - $3,600

Tax Info

  • Assessor Parcel Number: 799-04-022
  • Current RE Taxes: 2182848
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Santa Clara

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
12/12/2024 12/12/24 For Sale $1,950,000 -- $468 / Sq Ft
Source: MetroList

Source: MetroList

MLS Number: 224132800

MetroList
California Santa Clara County Gilroy 95020

66 3rd St, Gilroy, CA

This home is located at 66 3rd St, Gilroy, CA 95020 and is currently priced at $1,950,000, approximately $467 per square foot. This property was built in 1947. 66 3rd St is a home located in Santa Clara County with nearby schools including El Roble Elementary School, Brownell Middle School, and Solorsano Middle School.

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.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Henry Ung
Listing Agent
Henry Ung
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Henry Ung Inc
(408) 479-5730