$1,850,000

Estimated payment $12,196/month

Total Views 179
7 Beds
6 Baths
3,328 Sq Ft
$556 Price per Sq Ft

Highlights

  • Horse Property
  • Forced Air Heating System
  • Security Fence
  • Del Mar High School Rated A-

About This Home

Arguably the nicest fourplex currently on the market in San Jose! Come see for yourself! New roof 2020. SB 721 is complete - new balconies with new handrails. New exterior paint 2023. "Owners" unit, the 3 bed 2.5 bath, is completely remodeled. Excellent location near the Los Gatos Creek Trail. Minutes from Valley Fair, Santa Row and Ebay world HQ. 1566 Stokes Street consists of (1) 3 bed / 2.5 bath, (1) 2 bed / 1 bath, and (2) 1 bed / 1 bath. Significant upside as the 2-bedroom and 1-bedroom units can be renovated to achieve significantly higher rents. Residents enjoy amenities such as on-site parking in a gated lot and on-site laundry. The location is also a key highlight as it's next to several major streets and transit hubs, while located between numerous centers of economic activity. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley.

Last Listed By

Carlos Azucena

Marcus & Millichap License #01738155 Listed on: 06/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Security Fence

Parking

  • 1 Car Garage
  • 3 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property

Outdoor Features

  • Horse Property

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,823
  • Maintenance Expense $2,000
  • Other Expense $2,084
  • Utility Expense $6,052
  • Operating Expense $38,434
  • Gross Income $100,589

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

1

Listing Details

  • Zoning: R4H
  • Subclass: Fourplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Security: Security Fence

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Horse Property: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Covered Parking, On Street
  • Carport Min: 3

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.2000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8806.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8806.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.84
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2823
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Other: 2084
  • Expenses Total: 38434
  • Expenses Utility: 6052
  • Income Annual Gross: 100589.00
  • Income Annual Rental: 102900
  • Income Gross Scheduled: 103700
  • Income Includes: Laundry
  • Income Other: 800
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Similar Homes in San Jose, CA

  • 1182 Leigh Ave, San Jose, CA 95126

    $1,899,999

    • 9 Beds
    • 5 Baths
    • 3,500 Sq Ft
    • 1182 Leigh Ave
    • San Jose, CA

    Welcome to your new investment in a prime location! This spacious 3,500 square foot residence is situated on a large 7,159 square foot lot, providing ample space for outdoor activities and future expansions. This 4 plex offers all freshly renovated units and market rents! Property is also SB721 compliant with permits from the City of San Jose. The property offers convenient amenities including

    Dominic Gluhaich Sterling Ventures

    Section Image
  • 1150 Francisco Ave, San Jose, CA 95126

    $1,745,000

    • 8 Beds
    • 5 Baths
    • 4,063 Sq Ft
    • 1150 Francisco Ave
    • San Jose, CA

    We are pleased to present 1150 Francisco Ave, located in the Willow Glen neighborhood of San Jose. The property is just a short walk from the Los Gatos Creek Trailhead. The 4,063-square-foot fourplex features a spacious 3-bedroom/2-bathroom unit, two 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. The owner has carefully maintained the property for the past 15 years, adding vinyl

    Kyle De Mattei Magnify Real Estate

    Section Image
  • 1660 De Rose Way, San Jose, CA 95126

    $1,948,000

    • 8 Beds
    • 6 Baths
    • 4,281 Sq Ft
    • 1660 De Rose Way
    • San Jose, CA

    Rare opportunity to own a cozy fourplex well situated on an established San Jose neighborhood. All units are currently occupied and units are always in high demand. The property has mix of 1 x (3 bedrooms / 2.5 bath) town home style owner's unit approx.1250 sqft, 2 x (2 bedrooms / 1 bath) units approx.850 sqft each and 1 x (1 bedroom/ 1 bath) approx. 550 sqft. Few minutes from Pruneyard, Valley

    William Pan Green Valley Realty USA

    Section Image
  • 883 Di Fiore Dr, San Jose, CA 95128

    $1,699,999

    • 9 Beds
    • 7 Baths
    • 3,993 Sq Ft
    • 883 Di Fiore Dr
    • San Jose, CA

    Great Investment Opportunity Well-Maintained Fourplex in Prime Location All units are currently occupied and always in high demand. The property features a great unit mix, including three townhome-style units: 1 x (3-bedroom / 1.5-bath) owners unit, approx. 1,200 sq ft, 2 x (2-bedroom / 1.5-bath) units, approx. 1,020 sq ft each, 1 x (2-bedroom / 1-bath) unit, approx. 780 sq ft. The property

    Cecilia Ho Goodview Financial & Real Estate

    Section Image
  • 834 Teresi Ct, San Jose, CA 95117

    $1,780,000

    • 9 Beds
    • 6 Baths
    • 3,828 Sq Ft
    • 834 Teresi Ct
    • San Jose, CA

    Rare opportunity to own a 4-unit income property in one of the most desirable and stable rental markets in San Jose, with significant upside potential through future rent increases or value-add improvements. Each unit features a fireplace, central heating, functional layout that appeals to long-term tenants, Located in a high-demand neighborhood near major employers, transit, Valley Fair, shops,

    Lisa Leung KW Bay Area Estates

    Section Image
  • 3207 Myles Ct, San Jose, CA 95117

    $1,898,000

    • 8 Beds
    • 5 Baths
    • 3,546 Sq Ft
    • 3207 Myles Ct
    • San Jose, CA

    Fourplex with tastefully remodeled kitchens and bathrooms and new roof located in established, central, and sought-after San Jose Lynnhaven neighborhood. Unit 1 could be a lovely owner's unit with its 3 bedrooms and 2 bathroom all on one floor with large back yard. Unit 2 is a 1 bedroom 1 bath and Units 3 and 4 have 2 bedrooms 1 baths. Tenants benefit from close proximity to Santana Row, Valley

    Stan Herrmann Herrmann Real Estate

    Section Image
  • 3830 Underwood Dr, San Jose, CA 95117

    $1,788,000

    • 9 Beds
    • 5 Baths
    • 3,896 Sq Ft
    • 3830 Underwood Dr
    • San Jose, CA

    3830 Underwood Dr is an exceptional 4-unit apartment community located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 7,102 square feet, the subject property was originally constructed in 1963 and features a gross building area of approximately 3,896 square feet, offering tenants and beautifully designed three-bedroom and two-bedroom floor plans.

    Eymon Binesh Marcus & Millichap

    Section Image
  • 804 Farm Dr, San Jose, CA 95136

    $1,640,000

    • 8 Beds
    • 5 Baths
    • 3,544 Sq Ft
    • 804 Farm Dr
    • San Jose, CA

    STRONG STABLE INCOME STREAM FOURPLEX, Highly desirable low vacancy rental area on Capitol Expressway and Pearl behind the Toyota Dealership. All current tenants are family-oriented and have been here 2-16 years. This is a larger than average 4plex and has a great unit mix which consists of (1) 3Br/2ba (1) 1Br/1Ba and (2) 2br/1Ba receiving about $9300/month (+/-$111,600yr) The property maintains

    Larry Giang KW Silicon City

    Section Image
  • 92 N 6th St, San Jose, CA 95112

    $1,450,000

    • 6 Beds
    • 5 Baths
    • 2,976 Sq Ft
    • 92 N 6th St
    • San Jose, CA

    92 N 6th Street is a well maintained fourplex in the heart of Downtown San Jose. The property is located steps from City Hall, the iconic Miro Towers, San Pedro Square, and a growing collection of upscale dining destinations. The property features a unique mix including a versatile 2-bed 2-bath unit with two separate entrances, dual living areas, and dual kitchen layouts, including dual gas &

    Mitchell Zurich Marcus & Millichap

    Section Image

Source: MLSListings

MLS Number: ML82010478

MLSListings

APN: 284-27-031