870 El Cerrito WAY Gilroy, CA
$ 1,650,000
Property Attributes
  • MLS#ML81849041
  • TypeMulti-Family
  • CityGilroy
  • AreaMorgan Hill - Gilroy - San Martin
  • Zip95020
  • Style
  • Price$ 1,650,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4650
  • Lot Size9,997 SqFt
Listing Provided Courtesy Of:
Eric Katz with Katz Inc.
Data Source:
MLSListings - 40 - CA
Property Description

Magnify Investments is pleased to present the opportunity to acquire 870 El Cerrito Way, a 5-unit property located in the highly desirable city of Gilroy. Constructed in 1971, the property consists of (2) 2BD/1BA and (3) 2BD/1.5BA town-home style units amounting to a building square feet of 4,650. The building sits on a large 9,996 square foot and features various capital improvements including new dual-pane windows in 2018, a new roof in 2021, a resealed driveway in 2021, and several refurbished units. The property is less than a 10 minute drive to the Historic Downtown District of Gilroy and it also features easy access to Monterey Road, Highway 101, and Highway 152. *Contact Listing Agents for Offering Memorandum*

Price History
6/16/2021 Listed $1,650,000

General Features

# of Buildings 1
Accessibility Parking
Age 50
Cooling Other
County Santa Clara
Heating Wall Furnace
Listing Agent State License 01900078
MLS Area Morgan Hill / Gilroy / San Martin
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition
Security Features Other
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Public
Year Built 1971
Zoning Text R3

Interior Features

Living Sqft 4650
Unit 2 Approx Square Footage 900
Unit 2 Number Of Bedrooms 2

Exterior Features

Building Area Total 4650
Foundation Details Concrete Slab
Lot Acres 0.2295
Lot Size Area 9996.00
Lot Size Units Square Feet
Maximum Lot Size 9996.00
Meters Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
Parking Features Assigned Spaces
Parking Spaces 3
Sewer/Septic Sewer - Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95020

AVG $1.65M
AVG 24
Year Built
AVG 1971
AVG 75
Data Provided by Walkscore ® not using MLS data

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