Overview

Off Market
Map

$1,150,000

20% Min Down

7648 Monterey ST

7648 Monterey Street, Gilroy, CA 95020

Commercial in Santa Clara

Loft | 0 Bath | 6,768 ft² | $170/ft² | - Cap Rate

Listed Sep 29th, 2020 (269 days)
Excellent opportunity awaits in this beautiful downtown Gilroy retail space. Amazing location, currently used as a boxing gym and fitness center. This property boasts 6786 Square feet of space that includes an expansive front area, office space, large back warehouse space, mezzanine converted into a rented studio apartment, garage and storage spaces. Plenty of parking and central location near to many businesses and restaurants.

The manager has listed the unit size as 6768 square feet.

Features & Amenities

Unit Amenities

  • Central A/C
  • Forced Air
  • Garage - Attached

Building Amenities

  • Central A/C
  • Forced Air
  • Garage - Attached

Building Policies

    Learn more about 7648 Monterey Street, Gilroy, CA 95020

    Listed By

    History

    Date Event Price
    Jun 25, 2021 Relisted $1,500,000
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    Jun 6, 2021 Off Market -
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-06-06', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Off Market', 'orig_value' => NULL, 'listing_id' => '14340549', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st/house/14340549', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14340549', 'listing_id' => '14340549', 'created' => '2021-06-06 07:40:37', 'value_date' => '2021-06-06 07:40:37', 'key' => 'listing_status', 'orig_value' => '2', 'new_value' => '3', 'unit' => '', 'street_address' => '7648 Monterey ST', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    May 8, 2021 Listed $1,199,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-05-08', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$1,199,000', 'orig_value' => NULL, 'listing_id' => '14340549', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => 'GILROY, CA', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st-gilroy-ca/house/14340549', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => '', ))
    Apr 24, 2021 Off Market -
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-04-24', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Off Market', 'orig_value' => NULL, 'listing_id' => '12065310', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st/house/12065310', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '12065310', 'listing_id' => '12065310', 'created' => '2021-04-24 07:06:15', 'value_date' => '2021-04-24 07:06:15', 'key' => 'listing_status', 'orig_value' => '2', 'new_value' => '3', 'unit' => '', 'street_address' => '7648 Monterey ST', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    Jan 17, 2021 Price Drop $1,150,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-01-17', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$1,150,000', 'orig_value' => '1500000', 'listing_id' => '12065310', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st/house/12065310', 'diff_amount' => '-$350,000', 'diff_pct' => -23.333333333333329, 'orig_diff_rows' => array ( 0 => array ( 'id' => '12065310', 'listing_id' => '12065310', 'created' => '2021-01-17 17:35:47', 'value_date' => '2021-01-17 17:35:47', 'key' => 'price', 'orig_value' => '1500000', 'new_value' => '1150000', 'unit' => '', 'street_address' => '7648 Monterey ST', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    Nov 8, 2020 Relisted -
    ListingHistoryRow::__set_state(array( 'event_date' => '2020-11-08', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Relisted', 'orig_value' => NULL, 'listing_id' => '12065310', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st/house/12065310', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '12065310', 'listing_id' => '12065310', 'created' => '2020-11-08 07:01:17', 'value_date' => '2020-11-08 07:01:17', 'key' => 'listing_status', 'orig_value' => '3', 'new_value' => '2', 'unit' => '', 'street_address' => '7648 Monterey ST', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    Nov 7, 2020 Off Market -
    ListingHistoryRow::__set_state(array( 'event_date' => '2020-11-07', 'event_type' => 'Status Change', 'event_source' => NULL, 'event_value' => 'Off Market', 'orig_value' => NULL, 'listing_id' => '12065310', 'unit' => '', 'building_id' => NULL, 'street_address' => '7648 Monterey ST', 'citystate' => NULL, 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', 'pretty_url' => 'https://www.realtyhop.com/building/7648-monterey-st/house/12065310', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '12065310', 'listing_id' => '12065310', 'created' => '2020-11-07 08:16:40', 'value_date' => '2020-11-07 08:16:40', 'key' => 'listing_status', 'orig_value' => '2', 'new_value' => '3', 'unit' => '', 'street_address' => '7648 Monterey ST', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '-1', 'bathrooms' => '0', 'square_feet' => '6768', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))

    Property Analysis

    Price Estimate

    $1,161,500

    HopScore Market Price

    $1,150,000

    Current Asking Price

    +$11,500

    Difference from Asking

    Cap Rate Analysis

    Operating Profit

    $15,600
    /

    Purchase Price

    $1,150,000
    =

    Cap Rate

    1.36%
    **

    * Actual income may vary between $1,040 and $1,560 depending on unit-specific characteristics.

    ** 100% occupancy is assumed. Leverage (mortgage) is not considered.

    Comparables

    Units for sale near 7648 Monterey ST

    Unit Br Ba ft² Closed Price
    Common Charges

    Units for rent near 7648 Monterey ST

    Unit Br Ba ft² Closed Price
    Common Charges

    Building Info

    Want to find out who owns 7648 Monterey Street, Gilroy, CA 95020? Get detailed property transactions here.

    Neighborhood

    Stats & Trends

    -

    Median Asking

    -

    Above Asking

    -

    Sale Price/ft²

    -

    Days on Market

    Schools

    School Type Grades Distance
    Eliot Elementary Elementary KG to 5 0.54 mi
    South Valley Middle Middle School 6 to 8 0.37 mi
    Gilroy High High School 9 to 12 1.1 mi
    Brownell Middle Middle School 6 to 8 0.49 mi
    Dr. Tj Owens Gilroy Early College Academy High School 9 to 12 3.08 mi
    Gilroy Special Ed Preschool M 0.89 mi
    Mt. Madonna High High School 9 to 12 1.57 mi
    School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

    Mortgage Payment Calculator

    $4,787

    Per Month

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    Transaction history for 7648 Monterey Street

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