7191 Eigleberry St 8 Unit Apartment Building $3,000,000 ($375,000/Unit) 4.74% Cap Rate Gilroy, CA 95020

Property Website: https://properties.expcommercial.com/7191-eigleberry-st-gilroy-sale
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PROPERTY DESCRIPTION
Mejia Realty Group at eXp Commercial is pleased to present the opportunity to acquire the 7191 Eigleberry Street Apartments, an eight-unit multifamily investment property located in the heart of Gilroy, California. Built in 1980, this well-maintained community presents a rare value-add opportunity in a low-vacancy, supply-constrained submarket of South Santa Clara County. With stable in-place income and signi?cant upside through continued upgrades, the property offers strong fundamentals for both yield-focused and long-term investors. The unit mix includes six large two-bedroom, one-and-a-half-bath townhouse-style units approximately 1,000 square feet each and two one-bedroom, one-bath ?at-style units approximately 700 square feet each (Buyer to verify Sqft). The townhouse-style layouts provide tenants with a desirable, home-like feel and enhanced privacy. Constructed with a durable stucco exterior and partial wood siding, the single building features a pitched composition shingle roof, partial dual-pane windows, and individual water heaters for tenant-controlled utility usage. On-site amenities include a laundry facility, and a mix of single car garages, tuck-under, and reserved parking—a rare advantage in a dense rental market. Interior upgrades have been completed in select units, including updated ?ooring and ?xtures, while additional renovation opportunities remain to increase rental income. Each unit is equipped with wall- mounted heat and air conditioning systems, offering cost-e?cient climate control. This asset’s functional design, proven rental demand, and value-add potential make it an ideal candidate for investors seeking cash ?ow, long-term growth, and a presence in one of the Bay Area’s most stable commuter markets.
LOCATION DESCRIPTION
Located just a short walk from Gilroy’s revitalized downtown, the 7191 Eigleberry Street Apartments are ideally positioned within one of South Santa Clara County’s most dynamic rental markets. Gilroy continues to attract tenants seeking affordability, community, and commuter access to Silicon Valley—making it a stronghold for multifamily investment. The property is located near key employers including the Gilroy Premium Outlets, Saint Louise Regional Hospital, and Gavilan College. It also enjoys easy regional connectivity via U.S. Highway 101 and the Gilroy Caltrain station, providing direct access to San Jose and the broader Bay Area. Residents bene?t from a wide array of nearby amenities including Gilroy Gardens Family Theme Park, Eagle Ridge Golf Club, Christmas Hill Park, and nearby foothill hiking trails and wineries. With a growing population, limited multifamily inventory, and favorable long-term fundamentals, Gilroy presents a stable, high-demand environment for apartment ownership. The 7191 Eigleberry Street Apartments are well-positioned to capitalize on this continued growth.
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