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7240 East Street

Gilroy, CA 95020

– beds
– baths
– sqft
7,405 sqft lot
1964 build
– on site

Incredible Investment Opportunity! This property features four units, each with 2 bedrooms and 1 bathroom, offering comfortable and convenient living spaces. With all units currently occupied and in high demand, this property presents an excellent investment prospect. Each unit is equipped with its own electric and gas meter. The property offers a convenient location just a short drive from shopping, restaurants, and essential amenities. Rents are at below-market rents. Market rent is between $2,100 to $2,300 monthly for each unit. With exceptional potential and great upside, this property is not to be missed. Drive-by viewings are welcome, but kindly respect the privacy of the tenants, and refrain from disturbing them. Back on market. No fault of seller. Huge price Improvement!!!

Listed By CRMLS_CA / Jenny Huang / Coldwell Banker Realty

Last checked: Checking… • Last updated Oct 13, 2024 •

MLS# ML81972824 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1964
Year Built Source:

Assessor
Roof:

Composition
Foundation:

Slab
Accessibility Features:

Parking
Building Area Total:

3058.00
# of Buildings:

1
Stories Total:

2

Interior

Flooring:

Carpet, Laminate

Location

Directions:

Cross Street: Old Gilroy St
Latitude:

37.00676195
Longitude:

-121.56017984

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

R3
Lot Size Area:

7405.0000
Lot Size Acres:

0.1700
Lot Size SqFt:

7405.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

4184.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

84110006

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Natural Gas Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Included:

No

The Community

Association:

No
Assessments:

No

Parking

Parking Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/18/24 Sep 18, 2024	Price Changed	CRMLS_CA	$1,299,900	-7.1%
9/12/24 Sep 12, 2024	Relisted	CRMLS_CA	$1,399,000
8/13/24 Aug 13, 2024	Pending	CRMLS_CA	$1,399,000

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This multifamily located in Gilroy, CA 95020 is currently for sale for $1,299,900. 7240 East Street is a – square foot multifamily with – beds and – baths that has been on Estately for 126 days. This multifamily is in the attendance area of Ascencion Solorsano Middle School, Brownell Middle School, Eliot Elementary School, and Gilroy High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 21:54 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.