NOT LISTED FOR SALE

7225 East St Gilroy, CA 95020

8 Beds
-- Bath
3,076 Sq Ft
8,276 Sq Ft Lot

Last Sold August 29, 2014

Last sale price $758,500 $247 Per Sq Ft

62 Days on Market

Highlights

  • Tile Flooring
  • Laundry Facilities
  • 4-minute walk to Forest Street Park

About This Home

As of August 2014

Remodeled 4 plex! New Roof and Gutters, New Windows, New Exterior Paint. All Units Remodeled. Each Unit has New Kitchen cabinets, Granite Counter Tops, New Sink and fixtures, New Tile Floors. New Tile and laminate Flooring in Every Unit. Large Carport with new roof

Last Agent to Sell the Property

Gabriel Reyes

Intero Real Estate Services License #00911855 Listed on: 04/02/2014

Intero Real Estate Services

Last Buyer's Agent

Kathryn Hisert

Fireside Realty License #01465045

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 8,276

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,076 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Laminate
  • Tile

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $66,000
  • The owner pays for garbage, water

Community Details

Building Details

  • Gardener Expense $1,000
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Manager Expense $2,400
  • Other Expense $500
  • Utility Expense $840
  • Trash Expense $2,000
  • Operating Expense $20,920
  • Gross Income $64,030

Additional Features

  • 3,076 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 36
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 246.59
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3076
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3076
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Tile, Laminate

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Gilroy Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8276.00
  • Lot Size Area Min Search: 8276.00
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.11

Multi Family

  • Expense Insurance: 1800
  • Expense Landscape: 1000
  • Expense Maintenance: 2000
  • Expense Management: 2400
  • Expenses Other: 500
  • Expenses Total: 20920
  • Expenses Utility: 840
  • Expense Trash: 2000
  • Expense Water Sewer: 1700
  • Income Annual Gross: 64030.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 67400
  • Income Includes: Laundry, Lease
  • Income Laundry: 1400
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 3370
  • Vacancy Factor: 5

Range of Values:

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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 Prior Sale
08/29/2014 08/29/14 Sold $758,500 +1.3% $247 / Sq Ft
06/03/2014 06/03/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $749,000 +56.0% $243 / Sq Ft
07/10/2013 07/10/13 Sold $480,000 -5.9% $156 / Sq Ft View Prior Sale
03/14/2013 03/14/13 Pending -- -- --
06/09/2012 06/09/12 For Sale $510,000 -- $166 / 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: ML81410910

MLSListings

APN: 841-11-060