7060 Princevalle Street

7060 Princevalle St
Gilroy, CA 95020

$1,700,000
Price
Beds
3,384 Sq. Ft.
$502 / Sq. Ft.
3,384
Sq. Ft.
$502
per Sq. Ft.

Description

7060 Princevalle St is a rare 4 unit apartment building strategically located in the emerging Gilroy market on the southern tip of Santa Clara County. Originally constructed in 1964, the complex features (4) Large Two Bedroom One Bath Units, (9) parking spaces and a storage room. Tenants enjoy the use of their own private patios and being in close proximity to local major attractions with convenient access to US 101. The storage room has the potential to be converted into a laundry room and generate...

Property Details for 7060 Princevalle Street

MLS City Name
GILROY
Garage Spaces
0
Parking Spaces
3
View
None

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

Property Details for 7060 Princevalle Street

StatusContingent
MLS #ML81866664
Days on Compass36
Taxes$21,686 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units / Fourplex
Year Built1964
Lot Size0.17 AC / 7,482 SF
CountySanta Clara County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

Listing Agents

  1. Theodore Wong

    Theodore Wong

    Listing Agent

    Compass

    DRE #02016737

  2. Sam Jalili

    Sam Jalili

    Alternative Listing Agent

    Compass

    DRE #02053100

    sam.jalili@compass.com

    P: 408.316.2157

Building Information for 7060 Princevalle Street

Stories2Residences4Year Built1964Building Size-Lot Size0.17 AC / 7,482 SF

Payment Calculator

$7,504 per month

30 year fixed, 2.95% Interest

Principal and Interest

$5,697

Property Taxes

$1,807

HOA Dues

$0

Property Information for 7060 Princevalle Street

Features
    Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Cooktop - Electric, Oven Range - Electric, Refrigerator
    Features
  • Amenities: None
  • Flooring: Vinyl / Linoleum
  • Laundry: Hookups Only
  • Living SqFt: 3384
  • Pool: No
  • Security Features: None
  • Special Features: Parking
    Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
    Carport and Parking
  • Carport Min: 3
    Garage
  • Garage and Parking: Carport , Off-Site Parking
Property Details
    Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
    Property Details
  • Area Text: Morgan Hill / Gilroy / San Martin
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 7060
  • Street Name: Princevalle
  • Street Suffix: Street
  • Area ID: 1
Lot / Property Details
    Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3384
  • Structure SqFt Source: Assessor
  • Age: 57
    Development Information
  • Construction Type: Wood
  • Ownership Type: Trust
  • Zoning Detail: R3
    Location Information
  • City Limits: Yes
  • Directions: Google/Apple Maps
  • Parcel Number: 799-13-001
  • County Name: Santa Clara
  • City Name: GILROY
  • City Postal ID: 21
  • Postal Code: 95020
  • Elementary School District: 478
  • High School District Text: Gilroy Unified
    Lot Information
  • Foundation: Other
  • Horse Property: No
  • Lot Acres: .17
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio
Multi Family Information
    Building Information
  • No Of Leased: 4
    General Information
  • Annual Tax Amount: $21,686
  • Building Unit Total: 4
  • Capitalization Rate: 5.47
  • Tenant Expenses: Rent Only, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Income Includes: Parking, Rents
  • Vacancy Factor: 0
    Income / Expense Details
  • Expense Insurance: $2,321
  • Expense Landscape: $720
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $2,901
  • Expenses Total: $29,628
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities, Utilities - Water
  • Gross Rent Multiplier: 13.87
  • Income Annual Gross: $122,568
  • Income Annual Rental: $122,028
  • Income Gross Scheduled: $122,568
  • Income Other: $540
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,450
    Unit 2 Information
  • Unit 2 Approx Square Footage: 900
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,519
    Unit 3 Information
  • Unit 3 Approx Square Footage: 900
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,650
    Unit 4 Information
  • Unit 4 Approx Square Footage: 900
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,550
    Unit Type 1
  • Unit Type1 Approx SqFt: 900

Property History for 7060 Princevalle Street

DateEvent & SourcePriceAppreciation
Nov 6, 2021

Contingent - Show

MLSListings #ML81866664

Nov 1, 2021

Listed (Active)

MLSListings #ML81866664

$1,700,000
Sep 14, 2016

Sold (Public Record)

Public Record #578950877

$292,000

-40.9% / yr

DateEvent & SourcePrice
11/06/2021

Contingent - Show

MLSListings #ML81866664

11/01/2021

Listed (Active)

MLSListings #ML81866664

$1,700,000
09/14/2016

Sold (Public Record)

Public Record #578950877

$292,000

-40.9% / yr

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7060 Princevalle Street

Taxable ValueLand$586,612Additions$436,504Total$1,023,116
Tax Record2021$13,123 ($1,094 / month)
Home Facts
Total Finished SqFt3,384 SqFtAbove Grade Finished SqFt3,384 SqFtStories2Lot Size7,107 SqFtStyleTriplexYear Built1964Year Renovated1964ZoningR3CountySANTA CLARAAPN799-13-001Fireplace TypeHas Fireplace

Schools near 7060 Princevalle Street


SchoolTypeGradesDistanceRating
Glen View ElementaryPublicK-50.1 mi
4
Gilroy HighPublic9-120.3 mi
5
Santa Clara County ROP-SouthPublic10-120.4 mi
NR
Solorsano MiddlePublic6-81.1 mi
5

Glen View Elementary

K-5, 0.1 mi, Public

4

Gilroy High

9-12, 0.3 mi, Public

5

Santa Clara County ROP-South

10-12, 0.4 mi, Public

NR

Solorsano Middle

6-8, 1.1 mi, Public

5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Compass, Sam Jalili, DRE #02053100

Based on information from the San Francisco Association of Realtors as of 11/01/2021 12:00 AM, the MLSListings MLS as of 11/01/2021 12:00 AM, or the BAREIS MLS as of 11/01/2021 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/07/2021 11:03 AM