870 EL CERRITO WAY, GILROY, 95020

$1,650,000

  • 4,650 sqft
  • Commercial /Five or More Units
Courtesy of Amit Urban, Paul Getty, Broker
SVN First Guardian Group, as the exclusive advisor, is pleased to offer for sale 870 El Cerrito Way, a five-unit multifamily property located in Gilroy, California The property is comprised of 5 residential units, 3 two-bedroom/one-half bath units, and 2 two-bedroom/one bath units. The building's area is 4,650 square feet and is situated on a large 9,996 square foot lot. The property provides the buyer an excellent value-add opportunity to bring the rents up to market and add modern amenities to the building. PROPERTY HIGHLIGHTS: Value-add opportunity rents approximately 20% below market (no rent control); Ideal unit-mix; Currently, there is no on-site laundry; Ratio Utility Bills System (RUBS) may be applied to water, gas, and trash expenses; Located near many amenities such as Nobhill Foods, Starbucks, Safeway, and CVS; 32-miles from Downtown San Jose, where many technology companies are expanding.
Last updated on  11/15/2018
Courtesy of Amit Urban, Paul Getty, Broker

More Details for 870 EL CERRITO WAY

Property Class: Commercial Multi-Residential
Listing Status: Active
City: Gilroy
State: CA
Zip: 95020
Area: 1 - Morgan Hill / Gilroy / San Martin
County: Santa Clara
Class: Commercial
Property Subtype: Five or More Units
Approx Lot Size: 0.229
REO/Bank Owned: No
Property Sub Type Descr: Five or More Units
Garage: Yes
Parking Total: 3.00
Living Area (SqFt): 4,650 sqft
Lot Size Area Sq Feet: 9996.00
Lot Size Area Acres: 0.22948
Property Tax: $20,790
REO/ Bank Owned: No
REO: N/A
Short Sale: N/A
Listing#: 81730762
Parcel Number: 79022012
Year Built: 1971
List Date: 11/9/2018

Features for 870 EL CERRITO WAY

Cooling: Other
Lot Desc: Regular
Utilities Sewer: Sewer - Public
Disability Features: None
Laundry Room Descr: Hookups Only
Utilities Water: Public
Foundation: Concrete Slab
Roof: Composition

Documents for 870 EL CERRITO WAY

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