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31797807
31797808

8275 Westwood Dr, Gilroy, CA 95020

AL
CA 01936458, 01936458
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$2,949,000
46 days on market
Updated 46 days ago

Westwood Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,313
Net Rentable (SqFt) 7,313
Units 10
Cap Rate 4.81%
NOI $141,981
Occupancy 90%
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $202,790
Price per SqFt $403
Broker Co-Op Yes
Class C
Year Built 1973
Buildings 2
Stories 1
Acreage 0.550
Zoning R3
Investment Type Value Add
Occupancy Date 04/20/2026
Ownership Fee Simple

Incredibly Rare Single Story Multifamily Opportunity

Marketing description

8275 Westwood Dr is a well-situated 10-unit apartment complex located in the heart of Gilroy, CA. Situated on a parcel of land totaling 24,245 square feet, the subject property was originally constructed in 1976 and has a gross building area of approximately 7,313 square feet, offering its tenants large single story two-bedroom and one-bedroom oor plans. Additionally, tenants bene t from convenient property amenities including carport parking, on-site laundry facilities and private backyards.

8275 Westwood Dr presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy, CA. The subject property is located just 2.1 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 (0.9 mi) from the Town Plaza Shopping Center, home to a myriad of dining, shopping, and entertainment. Other nearby Gilroy attractions include the Annual Gilroy Garlic Festival and the Gilroy Gardens theme park, both attracting visitors from all over the US. 8275 Westwood Dr bene ts from its prime location offering tenants and residents convenient access to major transportation corridors including Highway 101, CA-25, CA152, in addition to other modes of transportation. Gilroy’s close proximity to these fundamental roads offers South Bay Area commuters a quick connection to San Jose, Watsonville, Salinas, Monterey, as well as other nearby areas.  The investment appeal of this asset is driven by Gilroy’s strong employment fundamentals, and low vacancy levels. With a world class location in the heart Gilroy, 8275 Westwood Dr presents an attractive investment opportunity for investors due to its easy accessibility to the Bay Area and the nation’s top employers within it.

Listing Contacts

AL
CA 01936458, 01936458
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,981.00
$11,831.75/mo

Valuation Metrics

0
DSCR
4.81%
Cap Rate
4.81%
ROI

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