Located in Gilroy, Property is composed of 5 buildings and a large area of land behind the units*All downstairs units have a yard area. There is laminate flooring throughout. The kitchens is equipped with an electric oven range, exhaust fan, hood over the range, and a refrigerator, providing essential appliances for meal preparation. Laundry facilities are coin operated, adding convenience for residents. Cooling is provided by ceiling fans, and heating is managed by electric and wall furnace units. The home includes double pane windows for energy efficiency. There is a two-car garage available for parking and storage. Total parking is 61 spaces, 31 in carport*1.9 acres of lot size*Great unit mix, 2 three bedrooms, 6 one bedroom and 24 two bedroom units*Units are professionally managed*Please note Cap rate!!Conveniently located to Gilroy Outlets, Costco Wholesale, Walmart, and Cal Train Gilroy Station*Just down the street from Eliot Elementary which makes this a great convenience for tenants*
Multi-familyProperty Type
1966Year Built
1.9 acresLot Size
$348Price/Sq.Ft.
Listed by Tom Antonopoulos•DRE #00492309• Real Property Investments
East Side, located between Downtown Gilroy and the Diablo Range foothills, is a residential and agricultural-edge Gilroy neighborhood with orchard backdrops and wide-sky views. The neighborhood’s character concentrates around the 1st Street and Monterey Road corridor, where taquerias, panaderías, and locally run storefronts set a steady, everyday rhythm. Classic California ranch homes and mid-century streets sit alongside pockets of newer builds, with front yards that still feel tied to the valley’s growing roots. Christmas Hill Park frames the area with open lawns, trails, and festival grounds. Gilroy Gardens Family Theme Park adds a whimsical, horticultural landmark nearby. Weekend errands and meetups often orbit the Gilroy Downtown Business Association’s events and small-shop blocks.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Double-pane windows
Bedrooms
32 units: one unit with 3 bedrooms, one with 2 bedrooms, and one with 1 bedroom
Kitchen
Refrigerator
Laundry & utility
Coin-operated laundry
Flooring
Laminate flooring
Heating & cooling
Electric heating
Wall furnace
Ceiling fans
Home design
Commercial multifamily property
Parking
28 assigned parking spaces
Construction
Built in 1966
Shingle roof
Utilities
Public water
Public sewer
Financial info
8.02% cap rate
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82065755
Oct 26, 2026
Listed
$8,550,000
$348/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81999327
Oct 10, 2025
Listing Removed
—
Sep 23, 2025
Listing Removed
—
Public Records
Oct 5, 1995
Sold
$1,650,000
$67/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$34,796 (+1.7%)
$1,401,352 + $1,380,591
$2,781,943
2024
$34,204 (+0.5%)
$1,373,875 + $1,353,521
$2,727,396
2023
$34,041 (+1.7%)
$1,346,937 + $1,326,982
$2,673,919
2022
$33,471 (+0.5%)
$1,320,527 + $1,300,963
$2,621,490
2021
$33,301 (+1.1%)
$1,294,635 + $1,275,454
$2,570,089
2020
$32,936 (+0.9%)
$1,269,250 + $1,250,446
$2,519,696
2019
$32,639 (+6.9%)
$1,256,236 + $1,237,625
$2,493,861
2018
$30,519 (−2.0%)
$1,231,604 + $1,213,358
$2,444,962
2017
$31,129 (+1.5%)
$1,183,780 + $1,166,243
$2,350,023
2016
$30,682 (+5.9%)
$1,183,780 + $1,166,243
$2,350,023
2015
$28,966 (+0.3%)
$1,160,569 + $1,143,376
$2,303,945
2014
$28,874 (+2.9%)
$1,120,745 + $1,104,142
$2,224,887
2012
$28,072 (+2.6%)
$1,115,680 + $1,099,152
$2,214,832
2011
$27,372 (−3.9%)
$1,093,804 + $1,077,600
$2,171,404
2010
$28,476 (+2.5%)
$1,072,357 + $1,056,471
$2,128,828
2009
$27,789 (+14.6%)
$1,064,343 + $1,048,576
$2,112,919
2008
$24,255
$1,045,953 + $1,030,459
$2,076,412
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1.9 Acres
Year renovated
1978
Finished Sq. Ft.
24,573
Unfinished Sq. Ft.
—
Total Sq. Ft.
24,573
Year built
1966
Style
Multi-Family (5+ Unit)
County
Santa Clara County
APN
84109061
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 26, 2026.
R-3
Medium Density Residential District
This article of the Zoning Ordinance is intended to provide areas within the city for living environments that include primarily multifamily housing units, such as garden apartments and condominiums. The unit size regulation based on lot size is intended to create an average density between 8 and 16 dwelling units per net acre. Innovative residential development is strongly encouraged in order to provide a wide variety of housing types and costs to meet the needs of Gilroy’s residents. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in an R3 multiple-family residential district.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Public service
Educational/school
Housing-Mobile home park
Park & open space
Climate risks
5/10 Flood Factor
Estimated 48-58% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 98° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Gilroy, CA • 95020
Average low and high temperatures (°F)
61
37
63
42
69
45
68
47
75
50
78
52
79
55
83
54
80
57
76
50
64
43
60
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Gilroy. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 611 E 7th St
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