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.
Multi-familyProperty Type
1958Year Built
0.78 acresLot Size
$433Price/Sq.Ft.
5 garage spacesParking
Listed by Andres Lopez•DRE #01936458• Marcus & Millichap
We couldn't find any schools that service this home or are within 5 miles of this home.
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About
Central
Central, located between U.S. 101 and Santa Teresa Boulevard, is a historic and civic Gilroy neighborhood with a walkable downtown grid and a railroad-edge backdrop. The neighborhood’s character concentrates around Monterey Street at 6th Street, where sidewalk taquerias, coffee counters, small galleries, and late-night bites keep the blocks active. The Gilroy Center for the Arts, the historic Granada Theatre, and the Gilroy Museum serve as cultural anchors with a distinctly local voice. Early-20th-century storefronts and modest bungalows set a classic small-city streetscape. Pocket parks and civic buildings add a steady daytime rhythm. Caltrain and the rail corridor frame the southern edge with a commuter-oriented feel.
Provided by Walk Score and Local Logic
Market insights
Broadway · $4,990,000
DAYS ON MARKET
28 days
The average home goes pending in 39 days.
SALE-TO-LIST
97.9%
Most homes are selling 2% below list price.
LIST PRICE
$4,990,000
Median list price in this area is $1,750,382. (65% lower than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Bedrooms
Unit mix includes 11 two-bedroom units and 5 one-bedroom units.
Bathrooms
Each unit has one full bathroom.
Laundry & utility
Coin-operated laundry.
Heating & cooling
Wall furnace heating
Ceiling fan cooling
Home design
Four buildings
Parking
10 total parking spaces
5 garage spaces
Covered parking
Carport
Construction
Concrete perimeter foundation
Shingle and tar-and-gravel roofs
Utilities
Individual gas meters
Public sewer
Public water
Financial info
All 16 units are leased.
Month-to-month lease terms.
Electricity and solar
View estimated energy costs and solar savings for this home