REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 1,549,000

Est. payment -/mo

Save

Price Dropped by $50K

1220 Juniper DR Gilroy, CA 95020

3,605 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,605 sqft

Price per Sqft $429

MLS Listing ID ML82060266

HOA Y/N No

Year Built 1965

Annual Tax Amount $20,211

Lot Size 7,701 Sqft

Property Sub-Type Quadruplex

Property Description

West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 13.24 Gross Rent Multiplier ( GRM = Sales Price / Gross Scheduled Income) on current rents, which average $2400/month. Current Santa Clara County 4-plex GRMs average 15.92. Market rent is $ 2,600- $ 2,900. At an average rent of $2,600, the GRM is 12.41, which is lower than most 5+ unit buildings. Three units are due for rent increases in 2026. The location is fantastic - one block south of 1st Street, with its abundant retail, restaurants, grocery stores, coffee shops, banks, pharmacies, and gyms. The asphalt composition roof is roughly 15 years old. 1210 & 1220 Juniper use the driveway on the right side of 1220 Juniper for carport access. The 1210 carports can be accessed from Westwood Drive, eliminating the need for the shared driveway. Re; Financing: Contact your mortgage broker re: DSCR loans with rates between 6.80-7.25% for investment‌‌‌‌‌‌‌‌‌‌‌‌ property.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Fireplace No

Appliance Refrigerator, Vented Exhaust Fan

Exterior

Parking Features Carport, Off Street

Carport Spaces 4

View Y/N No

Roof Type Composition

Accessibility None

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Schools

Elementary Schools Other

Middle Schools Other

High Schools Gilroy

School District Gilroy Unified

Others

Tax ID 80802024

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Hap Albers Albers Real Estate Investment Company #01006595