7429 Alexander Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 3 bath
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Gilroy, California 95020
This 1918 Craftsman represents a High-Potential Investment Opportunity, listed at $899,000—positioned well above the $736,464 Fair Market Value by 22%. While the property features Versatile Detached Structures and a Junior Guest Suite, the Fair Condition Rating (5) indicates a need for significant interior modernization. The property offers unique utility for multi-generational living or home-based businesses, though buyers must account for the required capital expenditure to update dated systems. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Downtown Gilroy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7429 Alexander Street Subject | $899,000* List Price | 4 | 3 | 1,241 | $593 | - |
A 358 6th Street Active Under Contract | $875,000 List Price | 3 | 2 | 1,248 | $701 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the home is described as well-maintained, the kitchen and bathrooms feature finishes (pink tile, wood-boxed fluorescent lighting, and cabinetry styles) consistent with a renovation from 40+ years ago. Per the criteria, renovations older than 30-50 years with dated systems and interiors requiring a full rehab fall into the poor category.
The property includes two detached structures, including a junior guest suite with a full bath, offering exceptional flexibility for multi-generational living, a home office, or a private studio.
Built in 1918, this well-maintained home features timeless architectural details and an inviting enclosed porch, appealing to buyers seeking character and a piece of Gilroy's history.
Located just around the corner from Downtown Gilroy’s popular restaurants and breweries, the property offers high walkability and convenient rear alley access.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1241, other record living area = 1109. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With only 1,241 square feet of living space to accommodate four bedrooms and three bathrooms, the interior layout may feel cramped or lack the spaciousness desired by modern families.
As a century-old structure, the home may require specialized maintenance or updates to aging systems that are common with properties built in the early 20th century.
Charming 1918 Craftsman located right around the corner from Downtown Gilroy. This well-maintained 3-bedroom, 2-full-bath home blends timeless character with everyday functionality. Classic architectural details and inviting living spaces create warmth and charm throughout. In addition to the main home, the property features two detached structures offering flexible use possibilities. One structure is ideal for a home office, art studio, gym, or hobby space. The second detached structure includes a junior guest suite with a full bath, providing added versatility for guests or private workspace needs. Enjoy your morning coffee on the enclosed porch and unwind in the evening with the inviting backyard designed for relaxing or entertaining. Alley access from the rear of the property adds convenience and additional accessibility. Located near Downtown Gilroys popular restaurants, breweries, and seasonal community events, this property offers both charm and proximity to local amenities. Combining historic character with flexible spaces, this is a unique opportunity to own a piece of Gilroys history.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,241 | 2,150 | 7% |
| Lot Size | 6,850 | 6,850 | 50% |
| Price | $899.0K | $1.12M | 19% |
| Price per sq ft | $724 | $530 | 92% |
| Built year | 1918 | 1997 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 123 | 25% |
Mar 16, 2026
$899,000
Initial Listing