NOT LISTED FOR SALE
10 Beds
6 Baths
3,768 Sq Ft
7,802 Sq Ft Lot

Sale Details

Date Sold: August 12, 2025

Last sale price $1,800,000 $478 Per Sq Ft

11 Days on Market

Highlights

  • 1 Car Attached Garage
  • Ceiling Fan
  • Vinyl Flooring
  • Forced Air Heating System
  • Washer and Dryer

About This Home

As of August 2025

6.00% Current Cap Rate! All section 8 renters. All upgraded units in 2022! Nestled in the heart of San Jose, 1346 Lick Avenue presents a rare opportunity to acquire a high income fourplex on a 7,800 square foot lot. Built in 1979 and partially re-constructed in 2022 due to a fire, this property totals 3,768 square feet and offers an ideal unit mix comprising two spacious 3-bedroom/2-bath units and two 2-bedroom units. Three of the four units have single-unit washers and dryers.

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 07/24/2025

Co-Listed By

AJ DeCristoforo

Marcus & Millichap License #02162593

Last Buyer's Agent

Jairo Arreola

Real Brokerage Technologies License #01881005

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Lot Details

  • 7,802 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • 3 Carport Spaces
  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,768 Sq Ft Home
  • Ceiling Fan
  • Vinyl Flooring
  • Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $156,804
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $3,000
  • Other Expense $3,904
  • Utility Expense $6,000
  • Trash Expense $3,200
  • Operating Expense $36,483
  • Gross Income $152,100

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

7,802 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3768
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Living Sq Ft: 3768
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, Carport
  • Carport Min: 3

Utilities

  • Cooling System: Ceiling Fan, Window / Wall Unit
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 350

Lot Info

  • Lot Acres: 0.1791
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7800.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 11.46
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 4000
  • Expense Landscape: 1800
  • Expense Maintenance: 3000
  • Expenses Other: 3904
  • Expenses Total: 36483
  • Expenses Utility: 6000
  • Expense Trash: 3200
  • Income Annual Gross: 152100.00
  • Income Annual Rental: 156804
  • Income Gross Scheduled: 157104
  • Income Includes: Rents
  • Income Other: 300
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2025
Sold by
Nguyen Victor Minh-Duc and Phan Quynh Thi
Bought by

Purchase Details

Listed on
Jul 24, 2025
Closed on
Aug 11, 2025
Sold by
Ngo Sophia Nha Quynh
Bought by
Phan Tan Duc
Seller's Agent
Jimmy Castellanos
Marcus & Millichap
Buyer's Agent
Jairo Arreola
Real Brokerage Technologies
List Price
$1,800,000
Sold Price
$1,800,000
Views
9

Purchase Details

Listed on
Jul 24, 2025
Closed on
Aug 6, 2025
Sold by
Bani Holdings Llc
Bought by
Nguyen Victor Minh-Duc and Phan Quynh Thi
Seller's Agent
Jimmy Castellanos
Marcus & Millichap
Buyer's Agent
Jairo Arreola
Real Brokerage Technologies
List Price
$1,800,000
Sold Price
$1,800,000
Views
9

Purchase Details

Closed on
Sep 18, 2019
Sold by
Bani Holdings Llc
Bought by
Bani Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2018
Sold by
Gupta Rajat and Gupta Puja
Bought by
Bani Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
Azar Betty K and The Betty K Azar 1998 Inter Vi
Bought by
Gupta Rajat and Gupta Puja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2004
Sold by
Azar Betty K
Bought by
Azar Betty K and Betty K Azar 1998 Inter Vivos Trust

Purchase Details

Closed on
Mar 19, 2002
Sold by
Azar Betty K
Bought by
Azar Betty K
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Phan Tan Duc -- First American Title
Nguyen Victor Minh-Duc $1,800,000 First American Title
Bani Holdings Llc -- Fidelity National Title
Bani Holding Llc -- None Available
Gupta Rajat $1,450,000 Orange Coast Title Co
Azar Betty K -- --
Azar Betty K -- Orange Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,500,000
Previous Owner Gupta Rajat $1,087,500
Previous Owner Azar Betty K $200,350
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2025 08/12/25 Sold $1,800,000 0.0% $478 / Sq Ft
08/05/2025 08/05/25 Pending -- -- --
07/24/2025 07/24/25 For Sale $1,800,000 -- $478 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $21,601 $1,800,000 $1,300,000 $500,000
2025 $20,299 $1,617,498 $1,115,517 $501,981
2024 $20,299 $1,585,784 $1,093,645 $492,139
2023 $19,895 $1,554,691 $1,072,201 $482,490
2022 $14,235 $1,051,178 $1,051,178 $0
2021 $19,365 $1,494,322 $1,030,567 $463,755
2020 $19,054 $1,479,000 $1,020,000 $459,000
2019 $18,686 $1,450,000 $1,000,000 $450,000
2018 $6,356 $390,306 $136,599 $253,707
2017 $6,289 $382,654 $133,921 $248,733
2016 $6,099 $375,152 $131,296 $243,856
2015 $6,015 $369,518 $129,324 $240,194
2014 $5,810 $362,280 $126,791 $235,489
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82015769

MLSListings

APN: 434-12-086

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