7530 Church St - Apartments FOR SALE


Gilroy, CA 95020
$1,950,000 USD
408-438-0969
7530 Church St, Gilroy, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/17
null | 2.91% Cap Rate

7530 Church St
Gilroy, CA 95020


HIGHLIGHTS

  • Great investment opportunity located in Gilroy
  • Rare unit mix with three detached homes offering strong upside potential in rents
  • Desirable unit mix: 1 (3BD/1BA) and 2 (2BD/1BA) homes
  • Extensive upgrades with 2022 IB Membrane roof replacements for 2/3 of the buildings
  • Features mix of stainless steel and white appliances, private outdoor spaces with fenced backyards and in-unit washer/dryer hookups
  • Located one block from Downtown Gilroy, near local amenities and attractions

OVERVIEW

We are pleased to exclusively present the opportunity to acquire 7530 Church St, a prime investment property in Gilroy. This rare find consists of three free-standing homes on one parcel, offering significant upside potential for investors or an ideal setup for owner occupancy with rental income to offset mortgage payments. With a three-bedroom home and (2) two-bedroom homes, this property caters to a variety of living arrangements, including multi-generational families or a family compound. This property features a total building size of approximately 3,407 square feet on a spacious 8,775 square foot lot. Each home is equipped with washer and dryer hookups, private fenced yards, and a mix of hardwood and carpet flooring. Additionally, all units include refrigerators, garbage disposals, and Home B features a dishwasher. Recent capital improvements include IB Membrane roofs replaced on two of the three homes in 2022 and bathroom upgrades in Home A. Additionally, there is potential for an SB9 lot split, given the 18 feet of space between Home A and Home B. Located just one block from Downtown Gilroy, this property provides easy access to local amenities, as well as Highways 101 and 152. Home A is a single-story residence featuring three bedrooms and one bathroom, with a mix of carpet and hardwood flooring and a spacious fenced yard, making it ideal for owner occupancy or high-rent potential. Home B is two levels and offers two bedrooms and one bathroom, an attached one-car garage, heating and air-conditioning, and washer and dryer hookups, along with a private fenced yard. It also includes a refrigerator, garbage disposal, and dishwasher. Home C, positioned at the rear of the property, is a two-story home with two bedrooms and one bathroom. It includes an enclosed two-car carport with an additional uncovered parking space, washer and dryer hookups, a refrigerator, garbage disposal, and a generous fenced backyard for added privacy. This is a rare opportunity to own a well-located, income-generating property with flexible options for investment, owner-occupancy, or family living. Contact us today to schedule a viewing or learn more about this unique offering!

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$572 USD /SF

# OF UNITS

3

PRICE/UNIT

$650,000

CAP RATE

2.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,775 SF

ZONING

R3

APN/PARCEL ID

799-06-032

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.