262 E 6th Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
262 E 6th Street
Gilroy, California 95020
Property Price
SUMMARY
Analysis of 262 E 6th Street, Gilroy, California 95020 reveals a Prime Investment Opportunity with a current list price of $699,000—significantly undercutting the $725,016 Fair Market Value by 3%. This valuation gap indicates a +$26,016 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Gilroy Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 E 6th Street Subject | $699,000* List Price | 3 | 2 | 1,469 | $494 | - |
A 7449 Church Street Sold | $800,000 | 3 | 1 | 1,800 | $444 | 0.4 mi |
B 7630 Hanna Street Active Under Contract | $815,000 List Price | 3 | 2 | 1,519 | $537 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1916, this century-old home is well-maintained with key updates including a newer roof and remodeled bathrooms. However, it does not appear to have undergone a full recent renovation; the kitchen and general living areas likely feature older styles and finishes consistent with a 'fair' rating for a property of this vintage that has been maintained through regular upkeep rather than comprehensive modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkability
The property is ideally located just a few blocks from downtown Gilroy, offering convenient walking access to local shops, restaurants, and community amenities.
- Development Potential
The detached garage with alley access provides a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, potentially increasing property value and rental income.
- Modernized Vintage Charm
Built in 1916, this home retains its historic character with high ceilings and a white picket fence while benefiting from essential updates like a newer roof and remodeled bathrooms.
CONSRISKS & DEFICIENCIES
- Century-Old Maintenance
As a home built in 1916, it may require ongoing maintenance and potential upgrades to older systems that are typical for properties of this vintage.
- Compact Lot Size
The 4,576 square foot lot is relatively small, which limits private outdoor space, particularly if the detached garage is utilized for an ADU.
About 262 E 6th Street
Charming older home with white picket fence! Just a few blocks walking distance from to downtown Gilroy. Newer roof, baths updated, detached garage may have ADU potential? High ceilings, alley access to detached garage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1916
- Lot Size
- 4,576 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 24% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,469 | 2,271.5 | 11% |
| Lot Size | 4,576 | 6,810 | 16% |
| Price | $699.0K | $1.12M | 2% |
| Price per sq ft | $476 | $514 | 37% |
| Built year | 1916 | 1998 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 173 | 1% |
Pricing History
Listed for Sale
Feb 23, 2026
$699,000
Initial Listing