8275 Westwood Dr , Gilroy — Sale in Gilroy, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Gilroy, CA 95020

Investment Figures

Cap rate
4.81%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

8275 Westwood Dr is a well-situated 10-unit apartment complex located in the heart of Gilroy, CA. Situated on a parcel of land totaling 24,245 square feet, the subject property was originally constructed in 1976 and has a gross building area of approximately 7,313 square feet, offering its tenants large single story two-bedroom and one-bedroom oor plans. Additionally, tenants benet from convenient property amenities including carport parking, on-site laundry facilities and private backyards. 8275 Westwood Dr presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy, CA. The subject property is located just 2.1 miles from The Premium Gilroy Outlets, right off Highway 101. The Premium Gilroy Outlets house 145 different outlet stores, attracting savvy shoppers and tourists from all over the Bay Area. The subject property is also walking distance (0.9 mi) from the Town Plaza Shopping Center, home to a myriad of dining, shopping, and entertainment. Other nearby Gilroy attractions include the Annual Gilroy Garlic Festival and the Gilroy Gardens theme park, both attracting visitors from all over the US. 8275 Westwood Dr benets from its prime location offering tenants and residents convenient access to major transportation corridors including Highway 101, CA-25, CA- 152, in addition to other modes of transportation. Gilroy’s close proximity to these fundamental roads offers South Bay Area commuters a quick connection to San Jose, Watsonville, Salinas, Monterey, as well as other nearby areas. The investment appeal of this asset is driven by Gilroy’s strong employment fundamentals, and low vacancy levels. With a world class location in the heart Gilroy, 8275 Westwood Dr presents an attractive investment opportunity for investors due to its easy accessibility to the Bay Area and the nation’s top employers within it. Investment Highlights: • Value-Add Gilroy Investment Opportunity • Individually Metered Utilities • Convenient Pro

Market Context

This multifamily in Gilroy, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Gilroy, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Gilroy, CA