332 Lewis Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 1 bath
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Gilroy, California 95020
Analysis of 332 Lewis Street, Gilroy, California 95020 is currently available with a list price of $599,900. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1924 (100 years old) with no evidence of recent renovations. Marketed as an 'Investor Special' and 'Development Opportunity' for rebuild or redevelopment, sold 'as-is' for cash/hard money, indicating the structure is likely unlivable and the value lies in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7100, living area = 1551.
The large 7,100 SF flat lot provides significant room for expansion or the addition of an ADU, with the unique option to acquire an adjacent parcel for even greater density.
With an estimated ARV of $875,000+ against a sub-$600k asking price, this property offers a substantial margin for investors looking for fix-and-flip or redevelopment opportunities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7100, other record lot size in square feet = 5538.
The requirement for cash or hard money and the 'As-Is' sale condition limit the buyer pool to well-capitalized investors, excluding traditional FHA or conventional buyers.
Built in 1924 with a 3-bedroom, 1-bathroom layout, the home likely requires a complete overhaul of aging systems and a floor plan reconfiguration to meet modern standards.
Investor Special Gilroy Development Opportunity 332 Lewis St Unit 1/2, Gilroy, CA 95020 (APN: 841-05-002) Rare opportunity to acquire a single-family residence in the rapidly growing Gilroy market. Opportunities like this are increasingly scarce in Santa Clara County, especially at this price point. Property Highlights: Approx. 1,551 SF living area Approx. 7,100 SF flat lot Ideal for renovation, expansion, or redevelopment Multiple exit strategies: Fix & Flip, Buy & Hold, Rebuild, or Develop Asking Price: $575,000 Estimated ARV: $875,000+ (Buyer to Verify) Why this deal stands out: Significant value-add opportunity Large lot with potential for expansion and/or ADU (buyer to verify) Convenient location near downtown Gilroy, schools, parks, shopping, and major commuter routes Strong upside potential for investors, contractors, and developers Bonus Opportunity: The front parcel at 332 Lewis St (APN: 841-05-087) is also available for $100,000. Acquire both parcels to maximize future development potential and unlock additional value. Investor Terms: Sold AS-IS Cash or hard money preferred Opportunities like this rarely come to market. Serious investors, contractors, and developers are encouraged to act quickly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 1,551 | 2,169 | 20% |
| Lot Size | 7,100 | 6,935.5 | 56% |
| Price | $599.9K | $1.12M | 3% |
| Price per sq ft | $387 | $527 | 3% |
| Built year | 1924 | 1997 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 124 | 1% |
Jun 2, 2026
$599,900
Initial Listing
Aug 2, 2024
$50,000
Public Record
Sep 26, 2023
$32,000
Public Record
Sep 26, 2023
$10,500
Public Record
Aug 8, 1994
$36,500
Public Record