SOLD 01/07/2024
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Commercial sold for $1,095,000 in 133 days
7810 Monterey St Gilroy, CA, 95020
Off the market Comm Ind For Sale
4,000 SqF multi-tenant office with large lot surrounded by the excellent shopping, dining, & entertainment options in Downtown Gilroy. Corner location with high visibility & frontage on the main road. 5 offices- all of which are occupied. 3 contiguous offices can be delivered vacant at COE. Perfect for medical, administrative, real estate brokerage, & many other uses. As a medical office, it is centrally located with St. Louise Regional Hospital only 2.3 miles away. Situated within Gilroys Downtown Expansion District (DED). Numerous permitted land uses. Potential to redevelop & residential housing is an allowed use with a conditional use permit. Exterior amenities include a high visibility sign & large parking lot with approx. 25 parking spaces. 7810 Monterey Highway provides an owner user with a turnkey office solution in a high visibility downtown location & the investor with a reliable cash flow stream and significant development potential. CAP Rate: 5% Current, 6.64% Proforma. Buyer to verify building square footage and lot size.
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Property details
2,502 sqft interior area
Land area
15,480 sqft (0.36 acres)
Address
7810 Monterey St, Gilroy, CA, 95020
City of California
Gilroy
County
Santa Clara
Year Built
1966
District
Listing
Virtual Tour
Nearby major retailers
Costco
Chevron
Lowe's
Marshalls
Ross
Dollar Tree
Staples
NAPA Auto Parts
AT&T
MetroPCS
7-Eleven
Jiffy Lube
O'Reilly Auto Parts
Zumiez
Kohl's
The Home Depot
Shell
Walmart Supercenter
Safeway
Supercuts
GameStop
Verizon Wireless
AutoZone
GNC
T-Mobile
Wholesale: 1
Convenience: 6
Do it yourself: 2
Department store: 3
Variety store: 2
Stationery: 1
Car repair: 2
Mobile phone: 4
Car parts: 2
Clothes: 1
Supermarket: 2
Hairdresser: 1
Video games: 2
Nutrition supplements: 1
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Interior Features
—
Roof
Shingle
Garage & Parking
Assigned
Listed by
Ismael Benhamida, Compass
Name
Ismael Benhamida
License number
01722847
Brokerage company
Compass
MLS #
ML81940118
Buyer agent
Name
Gloria M Grisales
Brokerage company
Windermere Valley Properties
Payment calculator
Calculate your monthly payments
Mortgage
$3,362
Taxes
$0
HOA dues
$0
Mortgage
$219,000 / 20%
2.28%
30 years
Your amount
$3,362 / month
Lot details
TMK #84102015
Parcel nr.
84102015
95020 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95020
47%
Families with children
National average: 39%
20%
Non family households
63,251
Population
$116,993
Average Income
Age & gender
Median age 35 years
More info
Commute types
89% commute by car
More info
Education level
22% have high school education
More info
Number of employees
21% work in education and healthcare
More info
Vehicles available
41% have 3 or more
More info
Vehicles by gender
41% have 3 or more
More info
Housing market insights for
$1.04m
Neighborhood average
sales price*
sales price*
$990k
Neighborhood median
sales price*
sales price*
148
Number
of sales*
of sales*
Housing type
69% are single detacheds
More info
Rooms
34% of the houses have 6 or 7 rooms
More info
Bedrooms
49% have 2 or 3 bedrooms
More info
Owners vs Renters
60% are owners
More info
10.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jan 7, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 7, 2024 | Sold | $1,095,000 | 0 | Public Record |
| Jan 7, 2024 | Price Decrease | $1,095,000 -8.37% | 0 | MLS #ML81940118 |
| Jan 3, 2024 | Pending | $1,195,000 | 0 | MLS #ML81940118 |
| Aug 28, 2023 | New Listing | $1,195,000 | 0 | MLS #ML81940118 |
Taxes of 7810 Monterey St, Gilroy, CA, 95020
C2 zoning / MLS #ML81940118
Zoning
C2
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Frequently Asked Questions about 7810 Monterey St
What is 7810 Monterey St?
7810 Monterey St is a Commercial/Industrial propertywith 2,502 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
7810 Monterey St, Gilroy, CA, 95020.
What comparable properties are nearby?
Comparable nearby commercial properties include 7881 Eigleberry St, 7648 Monterey St, 7483 Monterey St, 575 1st St, 903 Holloway Rd, 1930 Pacheco Pass Hwy.
Based on information from the bridgeMLS as of 05-08-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jan 11, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Super Save Market, 0.23 miles away and Cardenas, 0.66 miles away.
The 95020 zip area has a population of 63,251, and 47% of the families have children. The median age is 35.5 years and 89% commute by car. The most popular housing type is "single detached" and 60% is owner.
