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
$1,200,000
7240 East St, Gilroy, CA 95020
8beds
4baths
3,058sqft
Quadruplex, Residential Income
Built in 1964
-- sqft lot
$1,153,300 Zestimate®
$392/sqft
$2,539 Estimated rent
Home value
$1,153,300
$1.05M - $1.27M
$2,539/mo
Zestimate® history
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$7,631/mo
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Zillow last checked:
Listing updated:
Listed by:
Jenny Huang 01362454 408-203-1128,
Coldwell Banker Realty 408-779-5000
Bought with:
Jenny Huang, 01362454
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML81972824
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
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 Square Feet
Details
- Parcel number: 84110006
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
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 & HOA
Location
- Region: Gilroy
Financial & listing details
- Price per square foot: $392/sqft
- Tax assessed value: $1,285,200
- Annual tax amount: $4,184
- Date on market: 7/11/2024
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, Land, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $1,200,000-7.7%$392/sqft |
Source:  MLSListings Inc #ML81972824 Report a problem | ||
| 12/16/2024 | Pending sale | $1,299,900$425/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 12/12/2024 | Listed for sale | $1,299,900$425/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 12/1/2024 | Pending sale | $1,299,900$425/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 9/18/2024 | Price change | $1,299,900-7.1%$425/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 9/12/2024 | Listed for sale | $1,399,000$457/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 8/14/2024 | Pending sale | $1,399,000$457/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
| 7/11/2024 | Listed for sale | $1,399,000$457/sqft |
Source: MLSListings Inc #ML81972824 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,349 +383.5% | $1,285,200 +291.2% |
| 2024 | $4,209 +0.6% | $328,543 +2% |
| 2023 | $4,184 +1.7% | $322,102 +2% |
| 2022 | $4,115 +0.5% | $315,787 +2% |
| 2021 | $4,095 +1.1% | $309,596 +1% |
| 2020 | $4,051 | $306,423 +2% |
| 2019 | $4,051 +7.9% | $300,416 +2% |
| 2018 | $3,755 | $294,526 +2% |
| 2017 | $3,755 -2% | $288,752 +2% |
| 2016 | $3,831 +8.1% | $283,091 +1.5% |
| 2015 | $3,542 +0.6% | $278,840 +2% |
| 2014 | $3,520 | $273,379 +0.5% |
| 2013 | -- | $272,145 +2% |
| 2012 | -- | $266,810 +2% |
| 2011 | -- | $261,580 +0.8% |
| 2010 | -- | $259,626 -0.2% |
| 2009 | -- | $260,244 +2% |
| 2008 | -- | $255,142 +2% |
| 2007 | -- | $250,140 +2% |
| 2006 | -- | $245,236 +2% |
| 2005 | -- | $240,428 +2% |
| 2004 | -- | $235,715 +1.9% |
| 2003 | -- | $231,396 +2% |
| 2002 | -- | $226,860 +2% |
| 2001 | -- | $222,412 |
Find assessor info on the county website
Neighborhood: 95020
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Nearby schools
GreatSchools rating
- 6/10Eliot Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Brownell Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Gilroy High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: GilroyUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,153,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,153,300
- California
- Santa Clara County
- Gilroy
- 95020
- 7240 East St
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Nearby zip codes
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