8275 Westwood Dr - Apartments FOR SALE


Gilroy, CA 95020
$2,995,000 USD
650-492-0934
8275 Westwood Dr, Gilroy, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/15
null | 14.33% Cap Rate

8275 Westwood Dr
Gilroy, CA 95020


HIGHLIGHTS

  • Value-Add Gilroy Investment Opportunity
  • Individually Metered Utilities
  • Convenient Property Amenities
  • Quick Access to Dining, Shopping, and Entertainment
  • Nearby Transportation Corridors

OVERVIEW

8275 Westwood Dr is a well-situated 10-unit apartment complex located in the heart of Gilroy, CA. Situated on a 24,245-square-foot parcel, the property was originally constructed in 1976 and has a gross building area of approximately 7,313 square feet, offering tenants spacious single-story two-bedroom and one-bedroom floor plans. Residents enjoy convenient amenities including carport parking, on-site laundry facilities, and private backyards. The property presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy, located just 2.1 miles from The Premium Gilroy Outlets, which features 145 outlet stores attracting shoppers and tourists from across the Bay Area. It is also within walking distance (0.9 miles) of Town Plaza Shopping Center, offering a variety of dining, shopping, and entertainment options. Nearby attractions include the Annual Gilroy Garlic Festival and Gilroy Gardens theme park, both drawing visitors from around the country. 8275 Westwood Dr benefits from its prime location with convenient access to major transportation corridors including Highway 101, CA-25, and CA-152, providing South Bay Area commuters quick connections to San Jose, Watsonville, Salinas, Monterey, and other surrounding areas. The investment appeal of this asset is strengthened by Gilroy’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Gilroy, 8275 Westwood Dr offers an attractive investment opportunity due to its accessibility to the Bay Area and proximity to top regional employers.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$410 USD /SF

# OF UNITS

10

PRICE/UNIT

$299,500

CAP RATE

14.33%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,089 SF

ZONING

R3, Gilroy

APN/PARCEL ID

790-43-012

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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