
Gilroy, California 95020
This High-Potential Investment Opportunity is listed at $489,000, positioned well below the $436,507 Fair Market Value by -12%. While the property shows a Condition Rating of 4, the unit features a Granite Kitchen and a Large Wrap-Around Patio, providing immediate utility. The low HOA fees and end-unit privacy enhance its appeal as a rental asset or starter home. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Santa Clara Valley market.
Property is moderate renovation needed.
Built in 1976, the property shows signs of age despite cosmetic updates like fresh paint and new carpet. The bathroom is dated with older tile and cabinetry, and the unit retains popcorn ceilings and older systems including baseboard heating and wall-mounted A/C units, fitting the criteria for a property over 20 years old needing modernization.
Priced under $500,000, this property represents one of the most affordable two-bedroom opportunities in Santa Clara County, making it an ideal entry point for first-time buyers or investors.
The monthly HOA fee of $248 is significantly lower than regional averages, providing owners with better monthly cash flow and reduced long-term carrying costs.
As a quiet end unit, the property features a rare large wrap-around patio with gated access and a private detached garage, offering a level of privacy and outdoor utility seldom found in condo living.
At just 742 square feet for a two-bedroom configuration, the interior living space is quite limited and may feel restrictive for families or those requiring larger rooms.
The reliance on electric baseboard heating and wall-unit air conditioners is less energy-efficient and less desirable than modern central climate control systems.
Opportunity knocks in this amazing, well-located Gilroy condo! Quiet End Unit is a great starter home or investment opportunity. Two bedrooms, one bath located in a walkable, convenient area of Gilroy. One of the cheapest two bedroom condos available in Santa Clara Valley! Fresh interior paint and new carpet. The kitchen includes loads of cabinet space, granite/tile counters, built-in microwave, electric oven/stove range and full-size refrigerator. Eat-in kitchen opens to large family room area. Baseboard electric heat, 2 wall unit A/Cs. Private interior laundry and community laundry available across from this unit. This end unit has a large wrap-around patio space with pavers and gated access as well as slider access from bedroom. One-car detached, private garage with opener located across the walkway from end unit. Super low HOAs. Disclosures available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 742 | 1,663 |
| Lot Size | - | 1,706 |
| Price | $489.0K | $647.4K |
| Price per sq ft | $659 | $428 |
| Built year | 1976 | 1985 |
| HOA | $248.0 | $455 |
| Days on market | 28 | 45 |
Jun 24, 2026
$489,000
Initial Listing
Feb 28, 2024
$475,000
Public Record
Nov 2, 2017
$345,000
Public Record
Jun 5, 1995
$21,000
Public Record