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

7,105 Sq Ft Lot

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
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

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 $11,659 $957,950 $708,992 $248,958
2024 $11,659 $939,168 $695,091 $244,077
2023 $11,592 $920,754 $681,462 $239,292
2022 $11,829 $902,700 $668,100 $234,600
2021 $1,566 $111,277 $39,202 $72,075
2020 $1,549 $110,137 $38,801 $71,336
2019 $1,536 $107,979 $38,041 $69,938
2018 $1,441 $105,863 $37,296 $68,567
2017 $1,467 $103,788 $36,565 $67,223
2016 $1,428 $101,754 $35,849 $65,905
2015 $1,353 $100,227 $35,311 $64,916
2014 $1,344 $98,265 $34,620 $63,645
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81818180

MLSListings

APN: 841-05-011

Your Personal Tour Guide

Ask me questions while you tour the home.