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Sold on 02/06/2025
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7240 East St, Gilroy, CA 95020

$1,108,000

Last sold 02/06/2025 for $1.2M

  • 8

    bed

  • 4

    bath

  • 3,058

    Sqft ($392/Sqft)

Multi-family not for sale
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About 7240 East St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 7,405 Sqft
Movoto estimate
Property description
Incredible Investment Opportunity! This property features four units, each with 2 bedrooms and 1 bathroom, offering comfortable and convenient living spaces. With all units currently occupied and in high demand, this property presents an excellent investment prospect. Each unit is equipped with its own electric and gas meter. The property offers a convenient location just a short drive from shopping, restaurants, and essential amenities. Rents are at below-market rents. Market rent is between $2,100 to $2,300 monthly for each unit. With exceptional potential and great upside, this property is not to be missed. Drive-by viewings are welcome, but kindly respect the privacy of the tenants, and refrain from disturbing them. Back on market. No fault of seller. Huge price Improvement!!!
Listed by
Listing Agent - Jenny Huang
Listing Office - Coldwell Banker Realty
Source: MLSListings mls logo
MLS#ML81972824 • last updated 1 year ago
Movoto checked MLSListings for data 18 minutes ago
Overview
Cooling/AC Window / Wall Unit
Heating Wall Furnace
Type Residential Income (2-4 Units)
MLS # ML81972824
SqFt 3058
SubType Fourplex
Lot Size (Acres) 0.17
Year Built 1964
Interior
Laundry Coin Operated
Flooring Carpet, Laminate, Vinyl / Linoleum
Accessibility Features Parking
Exterior
Foundation Concrete Slab
Roof Composition
Garage/ Parking Desc No Garage, On Street, Parking Area
# Parking Spaces 8
Amenities / Utilities
Water Sources Public
Sewer/ Septic Sewer - Public
Utilities Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
Security Features Other
Location
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
APN 841-10-006
Zoning R3
Multifamily Details
Unit 4: # Bedrooms 2
Unit 1: # Full Baths 1
Unit 3: SqFt 765
Unit 1: # Bedrooms 2
Unit 1: Rent 1100
Unit 2: # Bedrooms 2
Unit 2: # Full Baths 1
Unit 4: Rent 1125
Unit 3: # Bedrooms 2
Unit 4: SqFt 765
Unit 4: # Full Baths 1
Unit 2: SqFt 765
Unit 2 Rent 1100
Unit 1: SqFt 765
Unit 3 Rent 1125
Unit 3: # Full Baths 1
Total # of Units 4
# Buildings 1
$1.1M
Range: $997K-$1.21M
Last 30 days 
  • Feb 2025
    Public Records
  • Feb 7, 2025 Sold
    $1,200,000
  • Feb 2025
    mls logo MLS # ML81972824
  • Feb 7, 2025 Sold
    $1,200,000 (-7.7%)
  • Dec 16, 2024 Pending
    —
  • Dec 16, 2024 Pending
    —
  • Dec 12, 2024 Listed
    —
  • Dec 12, 2024 Listed
    —
  • Dec 2, 2024 Pending
    —
  • Dec 1, 2024 Pending
    —
  • Oct 2, 2024 Listed
    —
  • Sep 18, 2024 Price Change
    $1,299,900 (-7.1%)
  • Sep 12, 2024 Listed
    —
  • Aug 13, 2024 Pending
    —
  • Aug 10, 2024 Pending
    —
  • Jul 11, 2024 Listed
    $1,399,000
  • Jul 11, 2024 Listed
    $1,399,000
  • Jun 2024
    mls logo MLS # ML81967798
  • Jun 6, 2024 Listed
    $1,399,000
  • May 31, 2024 Listed
    $1,399,000
  • Year Property taxes Tax assessment
  • 2024
    $4,209 +0.6%
    $328,543 +2.0%
  • 2023
    $4,184 +1.7%
    $322,102 +2.0%
  • 2022
    $4,115 +0.5%
    $315,787 +2.0%
  • 2021
    $4,095 +1.1%
    $309,596
  • 2020
    $4,051 +7.9%
    $309,596 +3.06%
  • 2018
    $3,755 -2.0%
    $300,416 +4.04%
  • 2017
    $3,831 +2.2%
    $288,752 +2.0%
  • 2016
    $3,749 +5.8%
    $283,091
  • 2015
    $3,542
    —
  • 7240 East St
    $1.2M
  • Morgan Hill / Gilroy / San Martin
    —
  • 95020
    $1.13M -8% y/y
  • Gilroy
    $1.13M -8% y/y
No chart available
Statistics calculated by Movoto

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4/10
Eliot Elementary School
public Grades K-5
Gilroy Unified School District
6/10
Brownell Middle School
public Grades 6-8
Gilroy Unified School District
5/10
Solorsano Middle School
public Grades 6-8
Gilroy Unified School District
6/10
Gilroy High School
public Grades 9-12
Gilroy Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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