
Gilroy, California 95020
This West Gilroy quadplex presents a High-Potential Investment Opportunity with a List Price of $1,599,000, currently priced at its $1,599,000 Fair Market Value. Featuring a Condition Rating of 4, this asset offers significant rental upside with current rents averaging $2,400 against a market potential of $2,900. The property’s prime location near 1st Street ensures high tenant demand, while the 1965 construction provides a stable foundation for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking to capitalize on strong Santa Clara County rental metrics.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1220 Juniper Drive Subject 0 bd · 0 ba · 3,605 sqft · $444 | $1,599,000* List Price | 0 | 0 | 3,605 | $444 | - |
A 1210 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 1965, this property is well over 50 years old but remains fully functional and tenant-occupied. The roof is approximately 15 years old, and the kitchen shows a dated design with older tile countertops and appliances despite some cosmetic paint on the cabinets. It is in stable, move-in condition but requires minor updates and repairs to achieve maximum market rent.
The property features a current GRM of 14.08 and a projected market GRM of 12.81, significantly outperforming the Santa Clara County average of 15.92 for similar multi-family assets.
Situated just one block from 1st Street, the property offers tenants exceptional walkability to major retail, dining, grocery stores, and essential services, ensuring high rental demand.
With current rents averaging $2,400 against a market potential of $2,900, and three units due for increases in 2025, there is a clear path to immediate revenue growth.
Built in 1965 with a roof approximately 15 years old, the property may require near-term capital expenditures for modernization and deferred maintenance.
The current reliance on a shared driveway for carport access with the neighboring property could lead to logistical friction or management complexities between residents.
West Gilroy location with four two-bed / one-bath units averaging 900+ sq. ft/unit. Offered at a 14.08 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 12.81, 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 | 7,700 | 5,310 |
| Price | $1.60M | $876.4K |
| Price per sq ft | $444 | $574 |
| Built year | 1965 | 1950 |
| HOA | $0 | $0 |
| Days on market | 48 | 63 |
Sep 6, 2026
$1,599,000
Initial Listing