Magnify Investments is pleased to present the opportunity to acquire 870 El Cerrito Way, a 5-unit property located in the highly desirable city of Gilroy. Constructed in 1971, the property consists of (2) 2BD/1BA and (3) 2BD/1.5BA town-home style units amounting to a building square feet of 4,650. The building sits on a large 9,996 square foot and features various capital improvements including new dual-pane windows in 2018, a new roof in 2021, a resealed driveway in 2021, and several refurbished units. The property is less than a 10 minute drive to the Historic Downtown District of Gilroy and it also features easy access to Monterey Road, Highway 101, and Highway 152. *Contact Listing Agents for Offering Memorandum*
Sold for $1,675,000
$1,675,000
870 El Cerrito Way, Gilroy, CA 95020
--beds
0baths
4,650sqft
MultiFamily
Built in 1971
-- sqft lot
$-- Zestimate®
$360/sqft
$3,041 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,041/mo
Zestimate® history
Owner options
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$3,041/mo
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$3,041/mo
Rent Zestimate®
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$10,710/mo
Est. payment
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$10,710/mo
Est. payment
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List your homeWhat's special
New roofHistoric downtown district
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall, Electric, Gas
Cooling
- Other
Features
- Has fireplace: No
Interior area
- Total interior livable area: 4,650 sqft
Property
Parking
- Parking features: Garage - Attached
Lot
- Size: 9,997 sqft
Details
- Parcel number: 79022012
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Utilities for property: Individual Electric Meters, Individual Gas Meters, Public Utilities
Community & neighborhood
Security
- Security features: Other
Location
- Region: Gilroy
Other
Other facts
- Listing Class: Commercial Multi-Residential (5+ units)
- Foundation: Concrete Slab
- Heating: Wall Furnace
- Listing Status: Active
- Listing Type: Exclusive Right to Sell
- Lot Size Area Maximum Units: Square Feet
- Lot Size Area Minimum Units: Square Feet
- Meters: Separate Electric, Separate Gas, Master Water, Master Electric, Master Gas
- Structure SqFt Source: Assessor
- Subclass: Five or More Units
- Water: Public
- Roof: Composition
- Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
- Cooling: Other
- Special Features: Parking
- Garage Parking Features: Assigned Spaces
- Sewer Septic: Sewer - Public
- Security Features: Other
- Additional Listing Info: Not Applicable
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $1,675,000+1.5%$360/sqft |
Source: Public Record Report a problem | ||
| 10/1/2021 | Listing removed | -- |
Source:  MLSListings Inc Report a problem | ||
| 8/25/2021 | Listed for sale | $1,650,000+321.5%$355/sqft |
Source: MLSListings Inc #ML81849041 Report a problem | ||
| 1/12/1999 | Sold | $391,500$84/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,044 +1.6% | $721,131 +2% |
| 2024 | $8,902 +0.6% | $706,992 +2% |
| 2023 | $8,850 +1.7% | $693,130 +2% |
| 2022 | $8,705 +0.5% | $679,540 +2% |
| 2021 | $8,666 +1.1% | $666,216 +1% |
| 2020 | $8,572 | $659,385 +2% |
| 2019 | $8,572 +8% | $646,457 +2% |
| 2018 | $7,936 | $633,782 +2% |
| 2017 | $7,936 -2% | $621,355 +2% |
| 2016 | $8,101 +8.1% | $609,172 +1.5% |
| 2015 | $7,497 +0.6% | $600,023 +2% |
| 2014 | $7,450 | $588,270 +0.5% |
| 2013 | -- | $585,613 +2% |
| 2012 | -- | $574,131 +2% |
| 2011 | -- | $562,875 +0.8% |
| 2010 | -- | $558,669 -0.2% |
| 2009 | -- | $559,998 +2% |
| 2008 | -- | $549,018 +2% |
| 2007 | -- | $538,254 +2% |
| 2006 | -- | $527,701 +2% |
| 2005 | -- | $517,355 +2% |
| 2004 | -- | $507,212 +1.9% |
| 2003 | -- | $497,917 +2% |
| 2002 | -- | $488,155 +2% |
| 2001 | -- | $478,584 |
Find assessor info on the county website
Neighborhood: 95020
Nearby schools
GreatSchools rating
- 7/10Rod Kelley Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10South Valley Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Christopher High SchoolGrades: 9-12Distance: 1.7 mi
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- California
- Santa Clara County
- Gilroy
- 95020
- 870 El Cerrito Way
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