$859,500
PENDING $40K PRICE DROP

7521 Chestnut St Gilroy, CA 95020

Estimated payment $4,916/month

Total Views 17,369
4 Beds
2 Baths
1,546 Sq Ft
$556 Price per Sq Ft

Highlights

  • Wood Flooring
  • Tile Countertops
  • Fenced
  • Cottage
  • Washer and Dryer
  • 5-minute walk to Forest Street Park

About This Home

Great investment with great income, two home on one parcel, front house with 3 bedroom 1 bath including garage conversion with 820 sq-ft not counting garage conversion. back house with 3/1/ including carport conversion with 730 sq-ft, carport conversion is not included in the sq-ft. Both homes have large backyard and laundry room. Individual PG&E and water meter for both homes. Both houses are rented and both tenants like to stay.

Listing Agent

Mike Masoumi

RE/MAX Santa Clara Valley License #00887609 Listed on: 10/16/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 7,100 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,546 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Barbecue Area

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts

Listing and Financial Details

Community Details

Overview

  • 1,546 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,300
  • Operating Expense $6,500
  • Gross Income $62,364

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Style: Cottage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1546
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Tile, Cooktop - Gas, Hood Over Range, Microwave, Oven Range - Electric, Oven Range, Refrigerator, Oven - Electric
  • Living Sq Ft: 1546
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Tile, Carpet, Vinyl / Linoleum, Hardwood

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Bbq Area
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 1

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7100.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.78
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities, Natural Gas
  • Expense Insurance: 1300
  • Expenses Total: 6500
  • Income Annual Gross: 62364.00
  • Income Annual Rental: 62364
  • Income Gross Scheduled: 62364
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water, Master Electric, Master Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Map

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

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 $4,791 $387,886 $184,707 $203,179
2024 $4,791 $380,282 $181,086 $199,196
2023 $4,791 $372,827 $177,536 $195,291
2022 $5,043 $365,517 $174,055 $191,462
2021 $4,662 $358,351 $170,643 $187,708
2020 $4,611 $354,678 $168,894 $185,784
2019 $4,569 $347,725 $165,583 $182,142
2018 $4,269 $340,908 $162,337 $178,571
2017 $4,357 $334,224 $159,154 $175,070
2016 $4,265 $327,672 $156,034 $171,638
2015 $4,026 $322,751 $153,691 $169,060
2014 $4,001 $316,430 $150,681 $165,749
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 Pending -- -- --
11/14/2025 11/14/25 Price Changed $859,500 -4.4% $556 / Sq Ft
10/16/2025 10/16/25 For Sale $899,500 -- $582 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $315,000 First American Title Company
Grant Deed $739,000 Old Republic Title Company
Grant Deed $669,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $110,850 Stand Alone Second
Source: Public Records

Source: MLSListings

MLS Number: ML82025060

MLSListings

APN: 841-05-009

California Santa Clara County Gilroy 95020

7521 Chestnut St, Gilroy, CA

Pending

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
Mike Masoumi
Listing Agent
Mike Masoumi
Section Image
RE/MAX Santa Clara Valley
(669) 345-4253