420 Broadway, Gilroy, CA 95020
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420 Broadway, Gilroy, CA 95020
420 Broadway, Gilroy, CA 95020
420 Broadway, Gilroy, CA 95020
420 Broadway, Gilroy, CA 95020
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Darin Franzen

Darin Franzen

+1(408) 316-7344
Listed by Andres Lopez • Marcus & Millichap, DRE#01936458
$ 4,990,000
Est. payment /mo
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420 Broadway Gilroy, CA 95020

3 Beds

2 Baths

11,526 SqFt

UPDATED:

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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Darin Franzen

Darin Franzen

Agent License ID: 02120146

+1(408) 316-7344

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420 Broadway