
51 Jose Figueres Ave San Jose, CA 95116
Checkers NeighborhoodAbout This Home
As of April 2025This turnkey four-unit multifamily investment property in San Jose, CA, is an excellent opportunity in a high-demand rental market. The fully leased property generates a strong gross annual rental income of $118,336. It consists of four spacious 2-bedroom, 1-bath units, each approximately 750 square feet, with three of the four units already updated. The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,978 to $2,600 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. This is a rare off-market opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants.
Last Agent to Sell the Property
Pacific Home Brokers License #02010135 Listed on: 02/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- 1959
Lot Details
- 8,499 Sq Ft Lot
Parking
- 4 Carport Spaces
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 3,000 Sq Ft Home
- 2-Story Property
- Crawl Space
- Security Lights
Kitchen
- Built-In Oven
- Granite Countertops
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $116,136
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $600
- Insurance Expense $16,000
- Maintenance Expense $1,000
- Manager Expense $3,200
- Other Expense $500
- Utility Expense $3,000
- Trash Expense $1,700
- Operating Expense $45,270
- Gross Income $118,296
Similar Homes in San Jose, CA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/04/2025 04/04/25 | Sold | $1,700,000 | -2.8% | $567 / Sq Ft |
02/26/2025 02/26/25 | Pending | -- | -- | -- |
02/26/2025 02/26/25 | For Sale | $1,749,000 | -- | $583 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
Amanpreet Ghotra
Pacific Home Brokers
-
J
Buyer's Agent in 2025
Jayanta Samanta
Intero Real Estate Services
-
M
Buyer's Agent in 2025
Mark Nesmith
Realty Executives Dillon
-
B
Buyer's Agent in 2025
Bryan Bibby
SF Assessor Recorder Office
Map
Source: MLSListings
MLS Number: ML81995564

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