7521 Chestnut Street, Gilroy, California 95020, Gilroy, 95020 - 2 bed, 1 bath
ACTIVE$859,500
7521 Chestnut Street, Gilroy, California 95020
2Beds
1Bath
1,546Sqft
7,100Lot
Year Built
1940
Close
-
List price
$860K
Original List price
$860K
Price/Sqft
$556
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027641
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 5% below the list price. We found 4 Cons,6 Pros. Rank: price - $859.5K(11th), sqft - 1546(16th), beds - 2(5th), baths - 1(2th).
Great investment with great income, two home on one parcel, front house with 3 bedroom 1 bath including garage conversion with 820 sq-ft not counting garage conversion. back house with 3/1/ including carport conversion with 730 sq-ft, carport conversion is not included in the sq-ft. Both homes have large backyard and laundry room. Individual PG&E and water meter for both homes. Both houses are rented and both tenants like to stay.
Price History
Date
Event
Price
11/14/25
Listing
$859,500
10/03/12
Sold
$315,000
11/15/06
Sold
$739,000
11/07/06
Sold
$669,000
Condition Rating
Fair
Built in 1940, the property shows a mix of updates. One kitchen has newer white shaker cabinets and modern laminate flooring, while the second kitchen features older linoleum and basic cabinets. Bathrooms are functional but dated with basic fixtures and finishes. The overall condition is maintained for rental purposes but requires minor updates to modernize certain areas, aligning with a 'Fair' rating.
Pros & Cons
Pros
High Available Lot Utilization: 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 = 1546.
Strong Investment Potential: Explicitly marketed as a 'Great investment with great income,' this property offers a clear path to rental revenue.
Dual Income Property: Comprising two separate homes on one parcel, it provides diversified rental income streams and increased cash flow potential.
Immediate Cash Flow: Both units are currently rented with tenants expressing a desire to stay, ensuring immediate income for the buyer without vacancy periods.
Independent Utilities: Each home has individual PG&E and water meters, simplifying utility management and tenant responsibility.
Expanded Usable Space: The presence of garage and carport conversions significantly increases the usable square footage beyond the official record, offering more space for tenants.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
Unpermitted Conversions: The garage and carport conversions are explicitly stated as 'not included in the sq-ft,' indicating they may be unpermitted, which could lead to legal, insurance, or future permitting challenges.
Age of Property: Built in 1940, the property is older, suggesting potential for outdated systems, higher maintenance costs, and less modern finishes.
Discrepant Property Details: The general listing shows 2 beds/1 bath, while the description details two 3-bed/1-bath homes, creating a significant discrepancy that requires verification and could impact appraisal or financing.