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Multi-Unit Gem 263 5th St 3 Unit Apartment Building $1,950,000 ($650,000/Unit) 2.32% Cap Rate Gilroy, CA 95020
Investment Highlights
- Excellent Location
- Ideal Owner-User or Investment
- Perfect Multi-Generational Housing
- Excellent Demographics
- Below Replacement Cost
- Below Market Rents
Executive Summary
This Multi-Family Gem includes 2 buildings totaling 5,294 Sqft with 5 1-car garage spaces on a 9,450 Sqft lot. Excellent location and demographics. Below market rents with small and large unit mix. Property appears to be 3 permitted units of a front house and back duplex, buyer to verify. Property currently operates as 6 individual units. Ideal for multi-generational owner-user or investment opportunity. Do not disturb tenants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $650,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,294 SF |
| Cap Rate | 2.32% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1850/1980 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | R3 - Residential medium to high density | ||
| Price | $1,950,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 2.32% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,294 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1850/1980 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Residential medium to high density |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 799-06-012 | Total Assessment | $709,133 |
| Land Assessment | $437,316 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $271,817 | Tax Year | 2025 |
Property Taxes
Parcel Number
799-06-012
Land Assessment
$437,316
Improvements Assessment
$271,817
Total Assessment
$709,133
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Multi-Unit Gem | 263 5th St
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