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Scott D. Comstock

scott@homesandwealth.com +1(559) 681-9500

Listed by Hap Albers • Albers Real Estate Investment Company, DRE#01006595

$ 1,599,000

Est. payment | -/mo

8 Beds

4 Baths

3,605 SqFt

Save

$ 1,599,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,605 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,605 sqft

Price per Sqft $443

MLS Listing ID ML82060266

Bedrooms 8

Full Baths 4

Year Built 1965

Lot Size 7,700 Sqft

Property Sub-Type Fourplex

Property Description

West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 14.08 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 12.81, 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.

Location

State CA

County Santa Clara

Area Morgan Hill / Gilroy / San Martin

Zoning R3

Rooms

Kitchen Countertop - Formica, Countertop - Tile, Exhaust Fan, Oven Range - Electric, Refrigerator

Interior

Heating Gas, Wall Furnace

Cooling Window / Wall Unit

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Parking Features Carport , Off-Street Parking, On Street

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Lot Description Grade - Level

Story 2

Foundation Concrete Perimeter

Sewer Sewer in Street

Water Individual Water Meter

Level or Stories 2

Others

Tax ID 808-02-024

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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+1(559) 681-9500

scott@homesandwealth.com

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1220 Juniper DR Gilroy, CA 95020