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Listed by Albers Real Estate Investment Company
$ 1,599,000
Est. payment | /mo
3,605 SqFt
$ 1,599,000
Est. payment | /mo
3,605 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,605 sqft
Price per Sqft $443
MLS Listing ID ML82060266
HOA Y/N No
Year Built 1965
Lot Size 7,700 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 14.08 Gross Rent Multiplier ( GRM = Sales Price / Gross Scheduled Income) on current rents, which average $2400/month. Current Santa Clara County 4-plex GRMs average 15.92. Market rent is $ 2,600- $ 2,900. At an average rent of $2,600, the GRM is 12.81, which is lower than most 5+ unit buildings. Three units are due for rent increases in 2026. The location is fantastic - one block south of 1st Street, with its abundant retail, restaurants, grocery stores, coffee shops, banks, pharmacies, and gyms. The asphalt composition roof is roughly 15 years old. 1210 & 1220 Juniper use the driveway on the right side of 1220 Juniper for carport access. The 1210 carports can be accessed from Westwood Drive, eliminating the need for the shared driveway. Re; Financing: Contact your mortgage broker re: DSCR loans with rates between 6.80-7.25% for investment property.
Location
State CA
County Santa Clara
Interior
Heating Natural Gas, Wall Furnace
Flooring Laminate, Tile
Fireplace No
Building
Lot Description Level
Schools
School District Gilroy Unified, Gilroy Unified
Nearby Locations
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