420 Broadway, Gilroy, CA 95020

$4,990,000
11,526
SqFt

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List Price
$4,990,000
MLS#
82061401
Property Type
Multifamily
Sqft. of Residence
11,526
Lot Size
34,000
Region
Morgan Hill/Gilroy/S
Status
ACTIVE
County
Santa Clara
Acres
0.78
Year Built
1958
Parking Spaces
21

Property Description

Azure Apartments is a well-maintained 16-unit multifamily community located in Gilroy, California. Originally constructed in 1958, the property consists of approximately 11,526 square feet of building area situated on a spacious 34,000-square-foot parcel. The community offers a desirable mix of one- and two-bedroom floor plans. Select residences feature private yards and individual fireplaces, while residents also benefit from private covered parking. Each unit is separately metered for gas and electricity and equipped with an individual water heater, supporting operational efficiency and resident convenience. Azure Apartments offers investors an opportunity to acquire a 16-unit asset with appealing resident amenities, substantial land area, and convenient access to major employment, retail, dining, and entertainment destinations. The property is located approximately 1.4 miles from the Gilroy Premium Outlets, which features more than 140 retailers, and provides convenient access to Highway 101. It is also within walking distance of Town Plaza Shopping Center and near downtown Gilroy, Gilroy Gardens, and other regional attractions.

Additional Information

Foundation
Concrete Perimeter
Living Area
11,526
Lot Size
34,000
Region
Morgan Hill/Gilroy/S
Roof
Shingle, Tar/Gravel
Zoning
R3

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Listing courtesy of Marcus & Millichap.

All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.