Investor Special Gilroy Development Opportunity 332 Lewis St Unit 1/2, Gilroy, CA 95020 (APN: 841-05-002) Rare opportunity to acquire a single-family residence in the rapidly growing Gilroy market. Opportunities like this are increasingly scarce in Santa Clara County, especially at this price point. Property Highlights: Approx. 1,551 SF living area Approx. 7,100 SF flat lot Ideal for renovation, expansion, or redevelopment Multiple exit strategies: Fix & Flip, Buy & Hold, Rebuild, or Develop Asking Price: $575,000 Estimated ARV: $875,000+ (Buyer to Verify) Why this deal stands out: Significant value-add opportunity Large lot with potential for expansion and/or ADU (buyer to verify) Convenient location near downtown Gilroy, schools, parks, shopping, and major commuter routes Strong upside potential for investors, contractors, and developers Bonus Opportunity: The front parcel at 332 Lewis St (APN: 841-05-087) is also available for $100,000. Acquire both parcels to maximize future development potential and unlock additional value. Investor Terms: Sold AS-IS Cash or hard money preferred Opportunities like this rarely come to market. Serious investors, contractors, and developers are encouraged to act quickly.
Bedrooms
3
Bathrooms
1
Square Feet
1,551
Lot Size
7,100 sqft
Year Built
1924
Property Type
Single Family Residence
Days on Market
1
HOA Fee
N/A
Garage Total
0
MLS #
ML82049555
Parking Features
Uncovered
Roof
Composition
Sewer
Public Sewer
Water Source
Public
$0
| Rating | School Name |
|---|---|
2 | Eliot Elementary Elementary School |
4 | South Valley Middle Middle School |
N/A | Gilroy Special Ed Preschool Middle School |
N/A | ST MARY SCHOOL Private School |
5 | Brownell Middle Middle School |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features