NOT LISTED FOR SALE

7505 Chestnut St Gilroy, CA 95020

6 Beds
3 Baths
2,334 Sq Ft
7,105 Sq Ft Lot

Last Sold February 18, 2021

Last sale price $885,000 $379 Per Sq Ft

58 Days on Market

About This Home

As of February 2021

Well maintained Triplex. All units are 2 bedroom and 1 bathroom. Carport parking for each unit and downstairs laundry area with washer and dryer for all units. Good long term tenants that are month to month. Rents are way below market. Landlord has been paying for water/sewer as there is just 1 meter for that service. Close to downtown and transportation. Please do not disturb tenants. Property is currently managed by a property management company. Trust sale. Please abide by all COVID regulations.

Last Agent to Sell the Property

Brad Carlson

Coldwell Banker Realty License #01246887 Listed on: 10/30/2020

Coldwell Banker Realty

Last Buyer's Agent

Edward Ribeiro

Silicon Valley Residential Brokerage Inc License #01360400

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 7,105

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,334 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Parking Space
  • 3 Carport Spaces
  • On-Street Parking

Additional Features

  • 7,105 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $46,260

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $2,424
  • Maintenance Expense $810
  • Manager Expense $2,953
  • Utility Expense $4,500
  • Operating Expense $13,302
  • Gross Income $46,260

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2334
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 2334
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, Covered Parking, On Street
  • Carport Min: 3

Utilities

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

Lot Info

  • Lot Acres: 0.1631
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7104.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7104.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 20.19
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2424
  • Expense Landscape: 1080
  • Expense Maintenance: 810
  • Expense Management: 2953
  • Expenses Total: 13302
  • Expenses Utility: 4500
  • Income Annual Gross: 46260.00
  • Income Annual Rental: 46260
  • Income Gross Scheduled: 46260
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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
02/18/2021 02/18/21 Sold $885,000 -5.2% $379 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $934,000 0.0% $400 / Sq Ft
12/14/2020 12/14/20 Price Changed $934,000 -18.8% $400 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $1,150,000 -- $493 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brad Carlson

    Seller's Agent in 2021

    Brad Carlson

    Coldwell Banker Realty

    (408) 848-2800

    4 in this area

    23 Total Sales

    Brad Carlson
    Section Image

  • E

    Buyer's Agent in 2021

    Edward Ribeiro

    Silicon Valley Residential Brokerage Inc

    (408) 205-0757

    2 in this area

    26 Total Sales

    Edward Ribeiro
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81818180

MLSListings

APN: 841-05-011

California Santa Clara County Gilroy 95020

7505 Chestnut St, Gilroy, CA

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