$1,650,000
SOLD JAN 21, 2025
6 Beds
-- Bath
2,986 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$553 Per Sq Ft

3% Below List Price

About This Home

As of January 2025

Investment Opportunity: Fully Leased 4-Unit Multi-Family Property in Prime San Jose Location Discover a stellar investment opportunity in one of San Jose's most coveted neighborhoods! Presenting a fully leased 4-unit multiplex, ideally situated near the vibrant Santana Row. This property is nestled just minutes from the renowned Santana Row, offering tenants easy access to upscale dining, shopping, and entertainment. Enjoy the best of San Jose's lifestyle amenities right at your doorstep. The well-maintained multiplex is currently fully leased, providing immediate rental income and a reliable cash flow from day one. One unit has a private balcony and another unit has a private patio. Each unit has one carport parking space and additional storage space. Benefit from the high demand for rental properties in this sought-after area, with its blend of convenience and luxury attracting a steady stream of tenants. With its desirable location, stable income, and potential for long-term appreciation, this property is a prime addition to any real estate portfolio. Don't miss out on this exceptional opportunity to own a thriving multi-family property in San Jose's bustling heart. Contact us today to learn more and schedule a viewing!

Last Agent to Sell the Property

Lotus Hsiao

Compass License #01901156 Listed on: 01/21/2025

Compass

Last Buyer's Agent

Huaiting Wu

KW Santa Clara Valley Inc License #02095689

KW Santa Clara Valley Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Quadruplex

Interior Spaces

  • 2,986 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Covered Parking

Utilities

  • Separate Meters

Community Details

  • 4 Units
  • 4 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 303-29-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Levels: Two
  • Stories: 2
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Number Of Rooms: 5
  • Price Per Square Foot: 552.58
  • Square Footage: 2986.00

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Meter Available, Water District

Fee Information

  • Utilities Expenses: 7614

Lot Info

  • Assessor Parcel Number: 303-29-018
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.1600
  • Lot Size Sq Ft: 6970.00
  • Lot Size Units: SqFt
  • Price Per Acre: 10312500.00
  • Zoning: R3

Building Info

  • Number of Units Total: 4

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 18.11
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 1
  • Number of 2 Bedroom Units: 2
  • Number Of Units Leased: 4
  • Separate Meters: Electricity

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $1,650,000 -2.9% $553 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $1,699,000 -- $569 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 425004845

San Francisco Association of REALTORS® MLS

APN: 303-29-018