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Listed by Andres Lopez • Marcus & Millichap, DRE#01936458
$4,990,000
Est. payment /mo
3 Beds
2 Baths
11,526 SqFt
New
420 Broadway Gilroy, CA 95020
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,526 sqft
Price per Sqft $432
MLS Listing ID ML82061401
Bedrooms 3
Full Baths 2
Year Built 1958
Lot Size 0.781 Acres
Property Sub-Type Five or More Units
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.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning R3
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Laundry Coin Operated
Exterior
Parking Features Covered Parking
Garage Spaces 5.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Shingle,Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 790-32-008
Security Features None
Special Listing Condition Not Applicable

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