420 Broadway, GILROY, CA

$5,480,000

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11,526

Square feet

0.78

Acres

About 420 Broadway

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.

Features of 420 Broadway

MLS® # ML81989728
Price $5,480,000
Square Footage 11,526
Acres 0.78
Year Built 1958
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 420 Broadway
Area Morgan Hill / Gilroy / San Martin
City GILROY
County Santa Clara
State CA
Zip Code 95020

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
Parking Spaces 7
Garages Attached
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Roof Flat/Low Pitch
Foundation Concrete Perimeter & Slab

Additional Information

Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAdam S. Levin
OfficeMarcus & Millichap
Contact Info650-492-0934

Listing Map

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