
Gilroy, California 95020
This Quadruplex Residential Income Asset presents a High-Potential Investment Opportunity, listed at a List Price of $1,599,000, which aligns with the current $1,599,000 Fair Market Value. Featuring four spacious 900+ sq. ft. units, the property offers significant rental upside with a projected GRM of 12.81, outperforming the county average. While the Condition Rating of 4 indicates a need for cosmetic updates to capture market rents, the prime West Gilroy location near 1st Street ensures strong tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1210 Juniper Drive Subject 0 bd · 0 ba · 3,605 sqft · $444 | $1,599,000* List Price | 0 | 0 | 3,605 | $444 | - |
A 1220 Juniper Drive Active 0 bd · 0 ba · 3,605 sqft · $444 · 0.0 mi | $1,599,000 List Price | 0 | 0 | 3,605 | $444 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old property is functional but dated. The roof is approximately 15 years old, and interior photos of the bathroom show older tile work and vanities likely exceeding 20 years in age. While move-in ready for tenants, the property requires cosmetic updates to the kitchens and baths to achieve top-of-market rents.
The property presents a strong value-add opportunity with current rents averaging $2,300 against market rates of $2,600-$2,900, offering a projected GRM of 12.81 which outperforms the county average.
Situated just one block from 1st Street, the property boasts high tenant appeal due to its immediate proximity to major retail, dining, grocery stores, and essential services.
The quadruplex features four large two-bedroom, one-bathroom units averaging over 900 square feet each, providing a competitive advantage in the local rental market over smaller apartment footprints.
Built in 1964 with a roof approximately 15 years old, the property is likely to require near-term capital expenditures for maintenance and system upgrades.
The current reliance on a shared driveway for carport access may present management challenges or require additional investment to reconfigure access via Westwood Drive.
West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 14.68 Gross Rent Multiplier ( GRM = Sales Price / Gross Scheduled Income) on current rents, which average $2300/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 12.81, 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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.7 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,605 | 1,528 |
| Lot Size | 7,920 | 5,310 |
| Price | $1.60M | $876.4K |
| Price per sq ft | $444 | $574 |
| Built year | 1964 | 1950 |
| HOA | $0 | $0 |
| Days on market | 48 | 63 |
Sep 6, 2026
$1,599,000
Initial Listing