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8101 Kelton Dr
Gilroy, CA 95020

Multifamily Property For Sale · 18 Units

Investment Highlights

  • Generous 1.4 acre lot
  • Private attached garages with direct unit access
  • Extensive interior/exterior renovations - 11 fully renovated units

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.40 AC
Building Size 20,742 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1987/2020
Parking Ratio 2.07/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Carpet
  • Yard
  • Freezer
  • Vinyl Flooring

About 8101 Kelton Dr , Gilroy, CA 95020

Sonata Townhomes consists of (18) 3 bedroom / 1 ½ bath townhomes in a family oriented residential neighborhood in northwest Gilroy and provides the benefits of a "single-family home" lifestyle and historically securing long-term residents for owners. Townhome units are unique in Gilroy and its surrounding neighborhoods, and three-bedroom units are even more rare in the local markets. Sonata brings a high demand rental option to this dynamic location in Santa Clara County. 18 townhomes in 5 buildings are dispersed on a generous 1.4 acre parcel and open green spaces. 11 of the units have been recently renovated with sophisticated upgrades including new quartz countertops, interior LED lighting, new vinyl wood plank flooring, fixtures and hardware, window coverings, custom paint, and new appliances. Residents appreciate the added convenience of private fenced patios, the comfort of forced individual air conditioners, washer/dryer hookups, and individual garages with automatic garage door openers and direct in-unit access.  Sonata offers additional rent growth thru a combination of the generous California rent control ordinance (5% + annual CPI index = 7.8% in 2019), and continuation of the unit renovation program for the remaining 7 thus capturing $180 per unit/month income growth. The property has received a clean property inspection report and Section 1 termite clearance, based on the seller’s attention to remediation of maintenance items including, exterior siding and trim repairs, drainage repairs, new LED exterior lighting lends itself to owners pride of ownership. * Buyer to verify square footage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 18 $2,748 1,500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
790-39-023
Land Assessment
$4,689,853
Improvements Assessment
$5,592,317
Total Assessment
$10,282,170

zoning

Zoning Code R-3
R-3
  • Listing ID: 18664970

  • Date on Market: 2020-02-27

  • Last Updated:

  • Address: 8101 Kelton Dr, Gilroy, CA 95020

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