7560 Chestnut Street

Gilroy, CA 95020

$1,375,000
Price
Beds
3,350 Sq. Ft.
$410 / Sq. Ft.
3,350
Sq. Ft.
$410
per Sq. Ft.

Description

This Gilroy 4-unit building is the second cheapest Santa Clara County 4-plex. It has a great unit mix, lots of off-street parking, and is close to downtown Gilroy. The property has two 3-bedroom/1.5-bath units and two 2-bedroom/1-bath units. The rents are very under the market rents which are potentially = 2 bed rents ( $2400 ) and 3 bed rents ($3000). The sewer laterals have been replaced. Electric repairs have been completed recently.This Gilroy 4-unit building is the second cheapest Santa Clara County 4-plex. It has a great unit mix, lots of off-street parking, and is close to downtown Gilroy. The property has two 3-bedroom/1.5-bath units and two 2-bedroom/1-bath units. The rents are very under the market rents which are potentially = 2 bed rents ( $2400 ) and 3 bed rents ($3000). The sewer laterals have been replaced. Electric repairs have been completed recently.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 831-372-1922

Property Details for 7560 Chestnut Street

MLS City Name
GILROY
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
7
Cross Street
Martin Street
LISTING UPDATED: 12/17/2024 06:04 PM

Property Details for 7560 Chestnut Street

StatusActive
MLS #ML81983489
Days on Compass71
Taxes$17,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1972
Lot Size0.34 AC / 15,000 SF
CountySanta Clara County

Building Information for 7560 Chestnut Street

Stories2Residences4Year Built1972Building Size-Lot Size0.34 AC / 15,000 SF

Property Information for 7560 Chestnut Street

Features
Room Information
  • Kitchen: Oven Range - Built-In, Refrigerator
Features
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 3350
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Common Area
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Morgan Hill / Gilroy / San Martin
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 7560
  • Street Name: Chestnut
  • Street Suffix: Street
  • Area ID: 1
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3350
  • Structure SqFt Source: Assessor
  • Age: 52
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 841-07-039
  • County Name: Santa Clara
  • City Name: GILROY
  • City Postal ID: 21
  • Postal Code: 95020
  • Elementary School District: 478
  • High School District Text: Gilroy Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .34
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $17,062
  • Building Unit Total: 4
  • Capitalization Rate: 2.72
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,090
  • Expense Landscape: $1,200
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,604
  • Expenses Other: $0
  • Expenses Utility: $4,436
  • Expenses Total: $30,392
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 19.68
  • Income Annual Gross: $67,756
  • Income Annual Rental: $69,252
  • Income Gross Scheduled: $69,852
  • Income Other: $600
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,310
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $1,408
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,288
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $1,765

Property History for 7560 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7560 Chestnut Street

Taxable ValueLand$19,443Additions$127,721Total$147,164
Tax Record2024$1,990 ($166 / month)
Home Facts
Total Finished SqFt3,350 SqFtAbove Grade Finished SqFt3,350 SqFtStories2Lot Size15,000 SqFtStyleQuadraplexYear Built1972ZoningR3CountySANTA CLARAAPN841-07-039Fireplace TypeHas Fireplace

Schools near 7560 Chestnut Street

This home is within Gilroy Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Eliot Elementary School
PublicK to 5

Brownell Middle School
Public6 to 8

Solorsano Middle School
Public6 to 8

Gilroy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7560 Chestnut Street is a multi-family home for sale in Gilroy, CA 95020. This property was listed for sale on October 11, 2024 by Albers Real Estate Investment Company, it's currently listed at $1,375,000. This listing's school district is Gilroy Unified School District. Nearby schools include Eliot Elementary School, Brownell Middle School and Solorsano Middle School. 7560 Chestnut Street is a 0-bed, 0-bath, 3,350 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.