Investor Special Gilroy Development Opportunity
332 Lewis St Unit 1/2, Gilroy, CA 95020 (APN: 841-05-002)
Rare opportunity to acquire a single-family residence in the rapidly growing Gilroy market. Opportunities like this are increasingly scarce in Santa Clara County, especially at this price point.
Property Highlights:
Approx. 1,551 SF living area
Approx. 7,100 SF flat lot
Ideal for renovation, expansion, or redevelopment
Multiple exit strategies: Fix & Flip, Buy & Hold, Rebuild, or Develop
Asking Price: $575,000
Estimated ARV: $875,000+ (Buyer to Verify)
Why this deal stands out:
Significant value-add opportunity
Large lot with potential for expansion and/or ADU (buyer to verify)
Convenient location near downtown Gilroy, schools, parks, shopping, and major commuter routes
Strong upside potential for investors, contractors, and developers
Bonus Opportunity:
The front parcel at 332 Lewis St (APN: 841-05-087) is also available for $100,000. Acquire both parcels to maximize future development potential and unlock additional value.
Investor Terms:
Sold AS-IS
Cash or hard money preferred
Opportunities like this rarely come to market. Serious investors, contractors, and developers are encouraged to act quickly.
74 days
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1,119
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22
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Zillow last checked:
Listing updated:
Listed by:
Peter Quan Nguyen01360726408-892-9600,
Bay Realty408-223-7800
Source: MLSListings Inc,MLS#: ML82049555
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Dining room
Features: DiningFamilyCombo
Family room
Features: SeparateFamilyRoom
Heating
None
Cooling
None
Interior area
Total structure area: 1,551
Total interior livable area: 1,551 sqft
Property
Features
Stories: 1
Lot
Size: 7,100 Square Feet
Details
Parcel number: 84105002
Zoning: R1
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence, Residential
Materials
Foundation: Crawl Space
Roof: Composition
Condition
New construction: No
Year built: 1924
Utilities & green energy
Gas: PublicUtilities
Sewer: Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public