7487 Rogers Ln - Apartments FOR SALE


Gilroy, CA 95020
$1,795,000 USD
925-488-3362
7487 Rogers Ln, Gilroy, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/18
null | 4.28% Cap Rate

7487 Rogers Ln
Gilroy, CA 95020


HIGHLIGHTS

  • Copper plumbing.
  • Three car ports and five open assigned parking spaces.
  • Nearby Gilroy Gardens, Gilroy Premium Outlets and Casa de Fruta.

OVERVIEW

This well-maintained, cash-flowing 5-unit property in Gilroy is a rare find and won’t last long. Each of the spacious two-bedroom, one-bath units provides a strong, reliable income stream, making this an excellent addition to any investor’s portfolio. With an on-site laundry room and a mix of covered and uncovered parking, this property offers key amenities that attract long-term tenants. Major upgrades have already been completed, including a partial sewer lateral replacement, full copper plumbing, and a durable roof and concrete driveway installed approximately 20 years ago. The location is unbeatable. Situated between Eliot Elementary and South Valley Middle School, this property is perfect for families. It’s just minutes from Downtown Gilroy’s shops and restaurants, and right around the corner from major employers like Kaiser Hospital, Costco, and the Gilroy Premium Outlets. With quick access to major highways, tenants can easily commute to Silicon Valley, making this a highly desirable rental location. Opportunities like this don’t come often. Secure this high-performing asset today before it’s gone!

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,000

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R3, Gilroy

APN/PARCEL ID

841-53-004

ASK ABOUT THIS PROPERTY

Tyler CharronCompass CommercialMore Info
925-488-3362

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Tyler CharronCompass CommercialMore Info
925-488-3362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.