For Sale
$3,499,000

8897 Monterey St Gilroy, CA 95020

Prime 47,916 sq ft lot, high-density potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 47,916 square foot residential land parcel, located at 8897 Monterey St, Gilroy, CA 95020 (APN 790-15-041), presents a compelling investment opportunity. Zoned R4, this property offers the potential for a high-density development project, capable of accommodating up to 50 residential units, incorporating a mix of studio, one, two, and three-bedroom configurations, each estimated at approximately 850 square feet. The site's location in Santa Clara County provides access to a thriving community and convenient amenities. The asking price is $3,499,000. This development opportunity is further enhanced by the potential for assemblage with an adjacent property exceeding one acre, currently owned by a neighboring party who has expressed interest in selling. Acquisition of this adjacent parcel would significantly expand the development footprint, creating a substantial city block for a comprehensive, integrated project. This presents a unique chance to shape the future of Gilroy's urban landscape, catering to a diverse range of housing needs. Serious inquiries are encouraged.

Property Details for 8897 Monterey St

Property type
Land

Location Insight

City
Gilroy
County
Santa Clara
State
California
Latitude
37.0261574
Longitude
-121.5786738

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FAQs

What type of property is this?
Land - Prime 47,916 sq ft lot, high-density potential.
Where is the land located?
The property is located at 8897 Monterey St Gilroy, CA.
What is the asking price?
The asking price for this property is $3,499,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Mike D'Ambrosio
Mike D'Ambrosio
Robert Godar
Visit Broker Website

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Useful Information

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Monterey St
Gilroy, CA 95020

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Monterey St
Gilroy, CA 95020

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

8897 Monterey St
  • Mike D'Ambrosio
    Mike D'Ambrosio
  • Robert Godar
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