Azure Apartments is a stunning 16-unit apartment complex located in the heart of Gilroy, CA. Situated on a 34,000 square foot parcel of land, the subject property was originally constructed in 1958. It has a gross building area of approximately 11,526 square feet, offering its tenants beautifully designed two-bedroom and… Read More one-bedroom floor plans. The subject property offers a range of desirable tenant amenities, including individual fireplaces and private yards in select units, as well as private covered parking. Each unit is equipped with a separate water heater and its own PG&E meter, ensuring convenience and independence for residents. Azure Apartments presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy. The subject property is located just 1.4 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 from the Town Plaza Shopping Center, home to a myriad of dining, shopping, and entertainment options. Other nearby Gilroy attractions include the Annual Gilroy Garlic Festival and the Gilroy Gardens theme park, attracting visitors from all over the US. Read Less
Courtesy of Marcus & Millichap, Adam S. Levin 650-492-0934
Listing Snapshot
Days Online
139
Last Updated
Property Type
Five Or More Units
Square Ft.
11,526
Lot Size
0.78 Acres
Year Built
1958
MLS Number
ML82008120
30 Days Snapshot Of 95020
$1.26M
+6%
(avg) sold price
26
+23%
homes sold
28
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 34000.00, Max Area Units: Square Feet, Lot is 0.78053259871442 acres
Accessibility Features
None
Unit One
Rent: $2,035, 1 bedroom
Unit Two
Rent: $2,195, bedrooms: 2
Building
11,526 structure square feet, Age: 67, Built in 1958, 4 buildings, 16 minimum units in complex
Cooling
Ceiling Fan
Foundation
Concrete Perimeter
Garage
4 garage spaces, Carport
Water Features
Public
Heating
Wall Furnace
Laundry
Coin Operated
Tenant Pays
Rent Only, Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 148260
Parking
6 parking spaces
Property
Zoning: R3
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $66,461
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Public Utilities
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