SVN | First Guardian Group, as the exclusive advisor, is pleased to offer for sale 870 El Cerrito Way, a five-unit multifamily property located in Gilroy, California The property is comprised of 5 residential units, 3 two-bedroom/one-half bath units, and 2 two-bedroom/one bath units. The building's area is 4,650 square feet and is situated on a large 9,996 square foot lot. The property provides the buyer an excellent value-add opportunity to bring the rents up to market and add modern amenities to the building. PROPERTY HIGHLIGHTS: Value-add opportunity rents approximately 20% below market (no rent control); Ideal unit-mix; Currently, there is no on-site laundry; Ratio Utility Bills System (RUBS) may be applied to water, gas, and trash expenses; Located near many amenities such as Nobhill Foods, Starbucks, Safeway, and CVS; 32-miles from Downtown San Jose, where many technology companies are expanding.
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Listing Courtesy ofPaul Getty, Broker