358 6th Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
358 6th Street
Gilroy, California 95020
Property Price
SUMMARY
Analysis of 358 6th Street, Gilroy, California 95020 reveals a property with a current list price of $875,000, which is 14% above the estimated $743,947 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 6th Street Subject | $875,000* List Price | 3 | 2 | 1,248 | $596 | - |
A 7630 Hanna Street Active Under Contract | $815,000 List Price | 3 | 2 | 1,519 | $537 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1900, this property is extremely dated and requires substantial repairs and rehabilitation. The kitchen features very old, red-trimmed cabinets, worn countertops, and an outdated white range, indicating a renovation that is likely 30-50+ years old or original. Flooring consists of worn laminate/linoleum and stained carpet. Light fixtures are basic, single-bulb ceiling fans. Visible electrical outlets appear old, suggesting a need for a full electrical system upgrade. While not explicitly 'unlivable' or 'beyond repair' for demolition, the interior is very uncomfortable and unsafe by modern standards, requiring extensive system replacements and a complete overhaul to be functional and appealing.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Duplex Configuration
The property is a duplex with two separate units (2 bed/1 bath and 1 bed/1 bath), offering immediate rental income potential or flexible multi-generational living options.
- Highly Versatile Detached Garage
Features a large detached 3-car garage with plumbing and electrical, plus an unfinished loft, providing significant potential for an ADU, workshop, home business, or additional rental space.
- Prime Downtown Location
Situated in downtown Gilroy, the property boasts excellent walkability to downtown amenities, Costco, Target, shopping, and the Gilroy Outlets, enhancing convenience and desirability.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1900, the property is likely to require substantial updates to major systems (e.g., plumbing, electrical, HVAC) and may have deferred maintenance, leading to significant renovation costs.
- Inconsistent Property Type
The listing's sub_type is 'Single Family Residence' while the description clearly states 'duplex,' which could lead to confusion regarding zoning, financing, or legal use and requires clarification.
- Extended Market Time & Price Reduction
The property has been on the market since July 2021 with a recent price reduction from $950,000 to $875,000, potentially indicating challenges with its current condition, pricing, or market appeal.
About 358 6th Street
Here is your chance to own a unique property in downtown Gilroy. Whether you are a contractor looking to flip, a long term rental investor, small business owner, gear head, or just a big family this duplex with a detached 3 car garage with plumbing and electrical will work. The first unit has 2 beds and 1 bath. The second unit has one bed and one bath. The large 3 car garage has an unfinished loft possibly allowing for additional living space. The residence has alley access, is gated with each unit having its own yard. Each unit has multiple doors for access and a deck as well. Walking distance to downtown, close to Costco, Target, shopping, and the Gilroy Outlets. Amazing opportunity to own a great home with lots of potential in the heart of Gilroy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 5,654 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 | 1,248 | 2,271.5 | 3% |
| Lot Size | 5,654 | 6,810 | 29% |
| Price | $875.0K | $1.12M | 16% |
| Price per sq ft | $701 | $518 | 91% |
| Built year | 1900 | 1998 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 1703 | 175 | 0% |
Pricing History
Listed for Sale
Aug 11, 2025
$875,000
Initial Listing
Price Change
Jul 8, 2021
$950,000
Initial Listing