$1,688,000
$92K PRICE DROP

450 Lewis Rd San Jose, CA 95111

Hillsdale Neighborhood

Estimated payment $10,638/month

Total Views 9,382
8 Beds
4 Baths
3,328 Sq Ft
$507 Price per Sq Ft

About This Home

Back on the market! Fully rented 4-unit investment opportunity with upside potential. This well-maintained building is a great addition to any investors portfolio, offering consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights ** Unit Configuration: Four 2-bed/1-bath unitsideal for owner-occupiers or investors ** Well-Maintained Community - Privately run HOA ensures clean, well-kept grounds; assigned carports plus extra parking; shared laundry facility; tenant-enjoyed balconies/patios ** Prime Convenience - Close to major employers, shopping, dining, schools, churches, and public transitperfect for families and high occupancy rates ** Value-Add Potential - Some units need cosmetic upgrades, presenting an opportunity to raise rents and boost profitability This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market.

Listing Agent

Meg Collins

NextHome Axis Realty License #02229230 Listed on: 01/22/2025

NextHome Axis Realty

Co-Listing Agent

Melinda Collins

NextHome Axis Realty License #01178494

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,945 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

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

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Property has a Home Owners Association

Building Details

  • 4 Leased Units
  • Gardener Expense $2,072
  • Insurance Expense $1,778
  • Maintenance Expense $3,828
  • Manager Expense $4,670
  • Other Expense $1,200
  • Utility Expense $1,559
  • Trash Expense $2,046
  • Operating Expense $22,310
  • Gross Income $93,306

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 1288
  • HOA Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.2283
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9945.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9945.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1778
  • Expense Landscape: 2072
  • Expense Maintenance: 3828
  • Expense Management: 4670
  • Expenses Other: 1200
  • Expenses Total: 22310
  • Expenses Utility: 1559
  • Expense Trash: 2046
  • Income Annual Gross: 93306.00
  • Income Annual Rental: 96192
  • Income Gross Scheduled: 96192
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

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 List to Sale Price per Sq Ft
09/09/2025 09/09/25 Price Changed $1,688,000 -2.9% $507 / Sq Ft
08/06/2025 08/06/25 Price Changed $1,738,000 0.0% $522 / Sq Ft
08/06/2025 08/06/25 For Sale $1,738,000 -2.4% $522 / Sq Ft
08/01/2025 08/01/25 Off Market $1,780,000 -- --
01/22/2025 01/22/25 For Sale $1,780,000 -- $535 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML81991369

MLSListings

APN: 497-27-004

California Santa Clara County San Jose 95111 Hillsdale

450 Lewis Rd, San Jose, CA

This home is located at 450 Lewis Rd, San Jose, CA 95111 and is currently priced at $1,688,000, approximately $507 per square foot. This property was built in 1962. 450 Lewis Rd is a home located in Santa Clara County with nearby schools including Captain Jason M. Dahl Elementary School, Sylvandale Middle School, and Andrew P. Hill High School.

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Listing Agent
Meg Collins
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NextHome Axis Realty
(408) 917-8303