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2025 Pacheco Pass Highway, Gilroy, California 95020, Gilroy, - bed, bath

home-pic
ACTIVE$995,000
2025 Pacheco Pass Highway, Gilroy, California 95020
0Bed
0Bath
2,682Sqft
84,680.641Lot
Year Built
1940
Close
-
List price
$995K
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81613619
Home ConditionFair
Features
Good View:
View-

About this home

Major price reduction!! DO NOT disturb occupants. Shown by appointment only. Incredible opportunity to own one of the most unique properties on Pacheco Pass Highway. Property consists of two parcels being sold together (APN# 841-23-013 & 841-23-009) with a operating market, single family home, 1 bedroom cottage, detached shop/barn, small orchard, and open land for farming! Great income potential. 3 electrical meters & 2 gas meters. There are 7 marked parking stalls and tons of additional off street-parking. Approximately 2.13 acres of land. The market is profitable and with the newly installed traffic light at Pacheco Pass Highway and Fraiser Lake Road, business has picked up tremendously! All units are in move-in condition. This is a exceptional investment/owner user opportunity that is just minutes to the town and in the path of future development.

Price History

Date
Event
Price
08/11/25
Price Change
$995,000
09/09/16
Listing
$1,100,000
Condition Rating
Fair
The property was built in 1940, making it 84 years old. While the description states 'All units are in move-in condition,' implying functionality, the available images suggest an aged property that has not undergone extensive recent renovations. The bedroom shown features older carpeting, a dated ceiling fan, and window treatments, indicating an older aesthetic. There are no images of the residential kitchens or bathrooms, but the market's sink area appears worn and utilitarian. Given its age and the visible dated elements, the property likely requires minor updates and shows signs of being outdated, aligning with the 'Fair' condition criteria rather than 'Good' or 'Excellent' which would require recent, extensive renovations.
Pros & Cons

Pros

Diverse Income Streams & Mixed-Use: The property offers significant versatility with an operating market, a single-family home, and a 1-bedroom cottage, providing multiple income opportunities and owner-user flexibility.
Significant Land & Development Potential: Comprising two parcels totaling 2.13 acres, the property offers substantial land for current use, expansion, or future development, strategically located 'in the path of future development'.
Strong Commercial Viability & Location: The profitable market benefits from a newly installed traffic light, which has tremendously boosted business, enhancing the property's commercial appeal and accessibility.
Ample Parking & Robust Utility Infrastructure: Features 7 marked stalls and extensive additional off-street parking, alongside 3 electrical and 2 gas meters, providing excellent support for multi-unit and commercial operations.
Move-in Ready Condition & Value Proposition: All units are in move-in condition, minimizing immediate buyer investment, and a recent major price reduction enhances its attractiveness as an investment.

Cons

Prolonged Market Time: The property has been on the market since September 2016, which may indicate previous challenges in sales efforts or market perception issues.
Age of Structures: Built in 1940, the age of the buildings could imply potential for deferred maintenance, outdated systems, or future capital expenditures for necessary upgrades.
Restricted Showing Access: The 'DO NOT disturb occupants' and 'shown by appointment only' policy can limit buyer access and potentially prolong the sales cycle due to scheduling constraints.

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