N/A
Bedrooms
$1,499,000
FOR SALEGilroy, CA
MLS# ML82060266
Hap Albers
Listing Agent
Albers Real Estate Investment Company
DRE #: 01006595
(831) 372-1922Brokerage: Albers Real Estate Investment Company
N/A
Bedrooms
N/A
Bathrooms
3,605 sqft
Square Feet
1965
Year Built
7,700 sqft
Lot Size
$416
Price/Sq Ft
0
Garage Spaces
N/A
HOA
Quadruplex
Property Type
West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 12.75 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 11.94, 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.
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Closed sales reported in 95020, nearest first, last 12 months. All recent sales in Gilroy →
1220 Juniper Drive
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