7621 Forest Street, Gilroy, California 95020, Gilroy, - bed, bath

home-pic
ACTIVE$975,000
7621 Forest Street, Gilroy, California 95020
4Beds
3Baths
1,200Sqft
7,405Lot
Year Built
1925
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025440
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Welcome to 7621 Forest St, a versatile and beautifully maintained property located in the heart of Gilroy! This unique offering includes a 3 bed, 2 bath main home plus a fully permitted 1 bed, 1 bath ADU (Accessory Dwelling Unit) perfect for multigenerational living, guests, or rental income potential. The main residence features a bright and spacious layout, updated finishes, and a functional floor plan ideal for family living or entertaining. Enjoy a modern kitchen, cozy living room, and a peaceful backyard retreat. The detached ADU includes a private entrance, open-concept kitchen and living room, full bathroom, and a generously sized bedroom offering independence and privacy for extended family or tenants. Highlights: 3 bed / 2 bath main home 1 bed / 1 bath ADU with full kitchen & living room Ideal for in-laws, guests, or rental income Quiet and established neighborhood Spacious backyard with potential for expansion or outdoor entertaining Close to schools, shopping, parks, and easy freeway access Location Benefits: Minutes to Downtown Gilroy, wineries, Caltrain station, and Hwy 101 Family-friendly community with nearby parks and amenities Great investment or owner-occupied opportunity

Price History

Date
Event
Price
10/21/25
Listing
$975,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (123 Listings)
Beds44
50%
Baths33
50%
Square foot1,2002,460
6%
Lot Size7,4057,020
57%
Price$975K$1.21M
23%
Price per square foot$813$517.5
95%
Built year19259990999
4%
HOA
Days on market15152
1%
Condition Rating
Good

Despite being built in 1925, this property has undergone extensive and recent renovations, making it move-in ready. Both the main house and the ADU feature modern kitchens with white shaker cabinets, light countertops, subway tile backsplashes, and stainless steel appliances. The bathrooms are updated with contemporary vanities and shower stalls, appearing clean and functional. Modern wood-look laminate flooring and recessed lighting are consistent throughout the living spaces. While the underlying structure is old, the visible updates are significant and recent, aligning with a property extensively renovated within the last 5-15 years, with systems appearing well-maintained and minimal wear and tear.
Pros & Cons

Pros

Income-Generating ADU: Features a fully permitted 1-bed, 1-bath Accessory Dwelling Unit (ADU), offering significant potential for rental income, multi-generational living, or guest accommodation.
Updated Main Residence: The main home boasts updated finishes, a modern kitchen, and a bright, spacious, and functional floor plan, enhancing its immediate appeal.
Prime Location & Accessibility: Strategically located in a quiet, established neighborhood with excellent access to schools, shopping, parks, Downtown Gilroy, wineries, Caltrain, and major freeways.
Spacious Backyard Potential: Includes a peaceful and spacious backyard retreat, providing ample opportunity for outdoor entertaining, landscaping, or future expansion.
Versatile Investment Opportunity: The property's dual-unit configuration and desirable location present a strong value proposition for both owner-occupants seeking additional income/space and investors.

Cons

Overpriced Relative to Market Value: The current listing price is 8% above the estimated property value, which may deter potential buyers or require a price adjustment.
Age of Construction (1925): Despite updates, the 1925 build year suggests potential for underlying older systems (e.g., plumbing, electrical, foundation) that may require future inspection, maintenance, or upgrades.
Compact Overall Square Footage: With a total of 1200 sqft for both the main home (3 bed/2 bath) and the ADU (1 bed/1 bath), the individual living spaces might be perceived as relatively compact for some buyers.

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