Well maintained units in Gilroy. Great cap rate! Hundreds of thousands of $$ worth of improvements/repairs will make this a lasting investment * 36 parking spaces along with street parking adds to the tenants needs * 19 of which are covered in Carport * All units are 2 bedroom 1 bath * Most have been nicely remodeled throughout * Please note that units have their own hot water heater which lowers expenses for owner * SB 721 has been completed for decking requirements * Near to the Gilroy outlets, Costco and Walmart and less than one mile from the Cal Train Gilroy Station * Sound wall has been expanded at great expense * Has been professionally managed and rents have been raised * Over 16,600 sq ft of units on app . 95 acre lot * This is ideal for your buyer or for an exchange!!Please do not disturb tenants * See Cap Rate!!
Multi-familyProperty Type
1984Year Built
0.95 acresLot Size
$329Price/Sq.Ft.
17 spacesParking
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
Bedrooms
2 bedrooms per unit
Bathrooms
1 full bathroom per unit
Kitchen
Stone countertops
Exhaust fan
Electric oven/range
Refrigerator
Flooring
Laminate flooring
Heating & cooling
Electric wall furnace
Exterior features
Four buildings
Parking
17 parking spaces
Carport
Off-site parking
Uncovered parking
Construction
Composition roof
Slab foundation
Utilities
Public utilities
Public water
Individual gas meters
Financial info
19 units, all leased
12-month lease terms
Electricity and solar
View estimated energy costs and solar savings for this home
This article of the Zoning Ordinance is intended to be used primarily within the established neighborhoods of the city to provide a mix of duplexes and single-family dwellings. The average density is intended to be between 3 and 9 dwelling units per acre. It is intended that this will provide for the replacement of severely deteriorated structures while maintaining the low density residential character of the older neighborhoods. 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 R2 two 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
Park & open space
Climate risks
5/10 Flood Factor
Estimated 33-45% 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
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Gilroy. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.1 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Stoney
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