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7001 Eigleberry St 7 Unit Apartment Building $3,000,000 ($428,571/Unit) 4.90% Cap Rate Gilroy, CA 95020
INVESTMENT HIGHLIGHTS
- Owner built 7-Plex
- Pride of Ownership
- 6 units re-built in 2001
- This multifamily complex includes six 2-bedroom units and one large 1-bedroom unit, all meticulously maintained and rebuilt in 2001
EXECUTIVE SUMMARY
SB 721 Balcony Inspection has been completed with permits for the next 6 years. This Owner built 7-Plex is one of a kind and exudes Pride of Ownership. Located at 7001 Eigleberry and 10th Street. Directly across from 7/11. There are 6 two-bedroom units and 1 large one-bedroom unit. Each unit is meticulously maintained. The kitchen is equipped with an electric stove, refrigerator, microwave, dishwasher, garbage disposal and pantry. There is a gas wall furnace and an air conditioner in the wall of each unit. The laundry room has a coin-operated washer and dryer. The owner has installed extensive camera coverage, so you can stay in touch with what is happening at the complex. The grounds are manicured each week. This is the investment opportunity of a lifetime!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$190,932
|
$21.92
|
| Other Income |
$1,600
|
$0.18
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$192,532
|
$22.11
|
| Taxes |
$7,457
|
$0.86
|
| Operating Expenses |
$37,300
|
$4.28
|
| Total Expenses |
$44,757
|
$5.14
|
| Net Operating Income |
$147,775
|
$16.97
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $190,932 |
| Annual Per SF | $21.92 |
| Other Income | |
|---|---|
| Annual | $1,600 |
| Annual Per SF | $0.18 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $192,532 |
| Annual Per SF | $22.11 |
| Taxes | |
|---|---|
| Annual | $7,457 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $37,300 |
| Annual Per SF | $4.28 |
| Total Expenses | |
|---|---|
| Annual | $44,757 |
| Annual Per SF | $5.14 |
| Net Operating Income | |
|---|---|
| Annual | $147,775 |
| Annual Per SF | $16.97 |
PROPERTY FACTS
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $428,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.90% | Building Size | 8,709 SF |
| Gross Rent Multiplier | 15.5 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1981/2001 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Medium Density Residential | ||
| Price | $3,000,000 |
| Price Per Unit | $428,571 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Gross Rent Multiplier | 15.5 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,709 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2001 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R3 - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Family Room
- Pantry
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Bicycle Storage
- Public Transportation
- Private Bathroom
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,501 | 826 - 864 |
| 1+1 | 1 | $2,300 | 800 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 799-11-025 | Total Assessment | $601,028 (2025) |
| Land Assessment | $174,148 (2025) | Annual Taxes | $7,457 ($0.86/SF) |
| Improvements Assessment | $426,880 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
799-11-025
Land Assessment
$174,148 (2025)
Improvements Assessment
$426,880 (2025)
Total Assessment
$601,028 (2025)
Annual Taxes
$7,457 ($0.86/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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7001 Eigleberry St
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