8101 Kelton Dr

Beds
Baths
20,742 Sq. Ft.
$282 / Sq. Ft.
20,742
Sq. Ft.
$282
per Sq. Ft.

Description

Eighteen 3 bed 1 full bath upstairs, 1 half bath downstairs townhouse units. Each unit has direct access to a single car garage, washer / dryer hookups, private back yard, dishwashers, individual hot water heaters, forced AC and Heat, and many other amenities. The property was built in 1987 and is located in a very describable part of town. Gilroy has a strong employment and historical stable occupancy and rental growth. Current rents are under market offering a buyer immediate upside. It is rare...Eighteen 3 bed 1 full bath upstairs, 1 half bath downstairs townhouse units. Each unit has direct access to a single car garage, washer / dryer hookups, private back yard, dishwashers, individual hot water heaters, forced AC and Heat, and many other amenities. The property was built in 1987 and is located in a very describable part of town. Gilroy has a strong employment and historical stable occupancy and rental growth. Current rents are under market offering a buyer immediate upside. It is rare to find a building with this units mix, amenities and upside opportunity. Brand new DP windows, well taken care of property.

Listing Agent

  1. Scott Kilpatrick

    Scott Kilpatrick

    Listing Agent

    Compass

    DRE #01271912

Property Details for 8101 Kelton Drive

MLS City Name
GILROY
Building Type
Other
Garage Spaces
18
Parking Spaces
25
LISTING UPDATED: 10/11/2019 02:01 PM

Property Details for 8101 Kelton Drive

StatusSold
MLS #ML81756189
Days on Compass56
Taxes$81,415 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1987
Lot Size1.40 AC / 60,984 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Scott Kilpatrick, DRE #01271912

Sold By Newmark Cornish & Carey, Scott Kilpatrick, DRE #01271912

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Building Information for 8101 Kelton Drive

Stories-Residences-Year Built1987Building Size-Lot Size1.40 AC / 60,984 SF

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OriginPoint Mortgage or Rocket Mortgage1

$35,296 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,512

Property Taxes

$6,785

HOA Dues

$0

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Property Information for 8101 Kelton Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 20742
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public, Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Unassigned Spaces, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 18
  • Area Text: Morgan Hill / Gilroy / San Martin
  • Restrictions: No Waterbeds, Pets - Allowed
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 8101
  • Street Name: Kelton
  • Street Suffix: Drive
  • Area ID: 1
Lot / Property Details
Building Information
  • Number of Buildings: 5
  • Structure SqFt: 20742
  • Structure SqFt Source: Assessor
  • Age: 32
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R-3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 790-39-023
  • County Name: Santa Clara
  • City Name: GILROY
  • City Postal ID: 21
  • Postal Code: 95020
  • Elementary School: 255
  • Elementary School District: 478
  • High School District Text: Gilroy Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: 1.40
  • 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: 17
General Information
  • Annual Tax Amount: $81,415
  • Capitalization Rate: 4.73
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $6,300
  • Expense Landscape: $5,168
  • Expense Maintenance: $13,500
  • Expense Management: $18,694
  • Expense Trash: $20,500
  • Expenses Other: $3,000
  • Expenses Utility: $12,078
  • Expenses Total: $160,655
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 13.88
  • Income Annual Gross: $468,090
  • Income Annual Rental: $467,340
  • Income Gross Scheduled: $468,090
  • Income Other: $750
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $1,625
Unit Type 1
  • Unit Type1 Approx SqFt: 1150

Property History for 8101 Kelton Drive

DateEvent & SourcePriceAppreciation
Jan 1, 2021

Expired

EBRD #ML81784114

Dec 31, 2020

Expired

MLSListings #ML81784114

$7,500,000
Nov 8, 2020

Sold (Public Record)

Public Record #684448390

$6,950,000

+16.0% / yr

Aug 21, 2020

Temporarily Off Market

EBRD #ML81784114

Aug 21, 2020

Temporarily Off Market

MLSListings #ML81784114

Feb 26, 2020

Listed (Active)

EBRD #ML81784114

$7,500,000
Feb 25, 2020

Listed (Active)

MLSListings #ML81784114

$7,500,000
Oct 1, 2019

Sold

EBRD #ML81756189

$5,850,000
Oct 1, 2019

Sold

MLSListings #ML81756189

$5,850,000
Sep 10, 2019

Sold (Public Record)

Public Record #654066106

$5,850,000

+1491.7% / yr

Aug 7, 2019

Pending

MLSListings #ML81756189

Aug 7, 2019

Pending

EBRD #ML81756189

Jun 12, 2019

Listed (Active)

MLSListings #ML81756189

$6,495,000
Jun 12, 2019

Listed (Active)

EBRD #ML81756189

$6,495,000
May 23, 2018

Sold (Public Record)

Public Record #625022086

$160,000
May 23, 2018

Sold (Public Record)

Public Record #624946395

$80,000
May 23, 2018

Sold (Public Record)

Public Record #624623433

$2,120,000
DateEvent & SourcePrice
01/01/2021

Expired

EBRD #ML81784114

12/31/2020

Expired

MLSListings #ML81784114

$7,500,000
11/08/2020

Sold (Public Record)

Public Record #684448390

$6,950,000

+16.0% / yr

08/21/2020

Temporarily Off Market

EBRD #ML81784114

08/21/2020

Temporarily Off Market

MLSListings #ML81784114

02/26/2020

Listed (Active)

EBRD #ML81784114

$7,500,000
02/25/2020

Listed (Active)

MLSListings #ML81784114

$7,500,000
10/01/2019

Sold

EBRD #ML81756189

$5,850,000
10/01/2019

Sold

MLSListings #ML81756189

$5,850,000
09/10/2019

Sold (Public Record)

Public Record #654066106

$5,850,000

+1491.7% / yr

08/07/2019

Pending

MLSListings #ML81756189

08/07/2019

Pending

EBRD #ML81756189

06/12/2019

Listed (Active)

MLSListings #ML81756189

$6,495,000
06/12/2019

Listed (Active)

EBRD #ML81756189

$6,495,000
05/23/2018

Sold (Public Record)

Public Record #625022086

$160,000
05/23/2018

Sold (Public Record)

Public Record #624946395

$80,000
05/23/2018

Sold (Public Record)

Public Record #624623433

$2,120,000

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

Public Records for 8101 Kelton Drive

Taxable ValueLand$3,431,309Additions$4,091,593Total$7,522,902
Tax Record2025$92,740 ($7,728 / month)
Home Facts
Total Finished SqFt20,742 SqFtAbove Grade Finished SqFt20,742 SqFtStories2Lot Size60,984 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningR-3CountySANTA CLARAAPN790-39-023Fireplace TypeHas Fireplace

Schools near 8101 Kelton Drive

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
Rod Kelley Elementary School
PublicK to 5

South Valley Middle School
Public6 to 8

Solorsano Middle School
Public6 to 8

Christopher 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Newmark Cornish & Carey, Scott Kilpatrick, DRE #01271912

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.