420 Broadway

Gilroy, CA 95020

$5,480,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1958

calendar_month Built

Property Description

Azure Apartments is a stunning 16-unit apartment complex located in the heart of Gilroy, CA. Situated on a 34,000 square foot parcel of land, the subject property was originally constructed in 1958 and has a gross building area of approximately 11,526 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property offers a range of desirable tenant amenities, including individual fireplaces and private yards in select units, as well as private covered parking. Each unit is equipped with a separate water heater and its own PG&E meter, ensuring convenience and independence for residents. Azure Apartments presents investors with a rare opportunity to acquire an exceptional asset in the thriving city of Gilroy. The subject property is located just 1.4 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 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 racking in visitors from all over the US.

Listing Information

List Price $5,480,000
Status Active
MLS ML81989728
HOA $0
Type Commercial
Year Built 1958
Lot Size 34,000
Structure Size N/A
Courtesy Of Marcus & Millichap
Listing Agent Adam S. Levin DRE#01462752
Co-Listing Agent Andres Lopez DRE#01936458

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Adam S. Levin, Andres Lopez, Marcus & Millichap 650-492-0934. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 8th, 2025 at 8:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.