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!!!
Sold for $1,200,000 on 02/06/25
$1,200,000
7240 East St, Gilroy, CA 95020
--beds
--baths
3,058sqft
Quadruplex,
Built in 1964
-- sqft lot
$1,175,400 Zestimate®
$392/sqft
$2,542 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 07, 2025 at 08:04am
Listed by:
Jenny Huang 01362454 408-203-1128,
Coldwell Banker Realty
Bought with:
Jenny Huang, 01362454
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML81972824

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Laminate, Vinyl Linoleum
Interior area
- Total structure area: 3,058
- Total interior livable area: 3,058 sqft
Property
Parking
- Total spaces: 8
- Parking features: No Garage, On Street, Parking Area
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 7,405 sqft
Details
- Parcel number: 84110006
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex,
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1964
Utilities & green energy
- Gas: IndividualGasMeters, NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Gilroy
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Services availability
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Estimated market value
$1,175,400