NOT LISTED FOR SALE
6 Beds
8 Baths
3,848 Sq Ft
10,001 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $1,650,000 $429 Per Sq Ft

13 Days on Market

Highlights

  • 4 Car Attached Garage
  • Central Air
  • Carpet
  • Christopher High School Rated A-
  • Washer and Dryer

About This Home

As of March 2022

This is the nicest triplex in Gilroy. Great location. Drive by only - Do not disturb tenants. Make Contracts subject to inspection. Buyer to cooperate with Seller's IRC Section 1031 exchange at no cost or liability to Buyer. Email Contracts to LA. Call LA for more details.

Last Agent to Sell the Property

Rick Patterson

Commonwealth Investment Brokers License #00778070 Listed on: 11/19/2021

Last Buyer's Agent

Eric Chu

Intero Real Estate Services License #02005697

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 10,001 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,848 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,600
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $2,100
  • Insurance Expense $1,750
  • Maintenance Expense $5,200
  • Manager Expense $5,400
  • Utility Expense $2,700
  • Trash Expense $925
  • Operating Expense $30,665
  • Gross Income $77,520

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3848
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: 220 Volt Outlet, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3848
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 2592

Lot Info

  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.38
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1750
  • Expense Landscape: 2100
  • Expense Maintenance: 5200
  • Expense Management: 5400
  • Expenses Total: 30665
  • Expenses Utility: 2700
  • Expense Trash: 925
  • Income Annual Gross: 77520.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81600
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
03/01/2022 03/01/22 Sold $1,650,000 +10.0% $429 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $1,500,000 -- $390 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

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 $21,167 $1,750,992 $1,241,613 $509,379
2024 $21,167 $1,716,660 $1,217,268 $499,392
2023 $21,046 $1,683,000 $1,193,400 $489,600
2022 $12,643 $1,002,568 $433,207 $569,361
2021 $12,590 $982,911 $424,713 $558,198
2020 $12,452 $972,834 $420,359 $552,475
2019 $12,337 $953,760 $412,117 $541,643
2018 $11,518 $935,060 $404,037 $531,023
2017 $11,764 $916,726 $396,115 $520,611
2016 $11,535 $898,752 $388,349 $510,403
2015 $10,328 $840,000 $350,000 $490,000
2014 $9,852 $790,000 $310,000 $480,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81870737

MLSListings

APN: 783-25-003