420 Broadway, Gilroy, CA 95020

$4,990,000
11,526
SqFt

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Listing courtesy of Andres Lopez from Marcus & Millichap. 408-421-4703

List Price
$4,990,000
Status
ACTIVE
Days on Market
41
MLS#
ML82061401
Subtype
Commercial Sale
Year Built
1958
Living Area
11,526
Lot Size
34,000
Acres
0.78
Subdivision
Ca
Neighborhood
Ca

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

Heating
Wall Furnace
Air Conditioning
Ceiling Fan(s)
Roof
Tar/Gravel
Parking Features
Covered

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