$1,700,000
SOLD APR 4, 2025
8 Beds
4 Baths
3,000 Sq Ft
8,499 Sq Ft Lot

Recently Sold

$567 Per Sq Ft

3% Below List Price

About This Home

As of April 2025

This 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

Amanpreet Ghotra

Pacific Home Brokers License #02010135 Listed on: 02/26/2025

Last Buyer's Agent

Jayanta Samanta

Intero Real Estate Services License #02035130

Intero Real Estate Services

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

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 66
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Countertop - Granite, Oven - Built-In
  • Living Sq Ft: 3000
  • Stories: 2
  • Security: Security Lights

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1951
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.78
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 16000
  • Expense Landscape: 600
  • Expense Maintenance: 1000
  • Expense Management: 3200
  • Expenses Other: 500
  • Expenses Total: 45270
  • Expenses Utility: 3000
  • Expense Trash: 1700
  • Income Annual Gross: 118296.00
  • Income Annual Rental: 116136
  • Income Gross Scheduled: 118296
  • Income Includes: Laundry
  • Income Other: 2160
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair, Services - Gardener, Utilities - Water

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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
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
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81995564

MLSListings