$1,150,000
SOLD JUL 15, 2025
4 Beds
2 Baths
1,884 Sq Ft
6,303 Sq Ft Lot

Recently Sold

$610 Per Sq Ft

11% Below List Price

25 Days on Market

About This Home

As of July 2025

Duplex in Japantown delivered 100% vacant! Marcus & Millichap is proud to exclusively present 556-558 North 4th Street, a spacious duplex in the heart of San Jose's historic Japantown. Built in 1978, this single-story property features two spacious two-bedroom, one-bathroom units totaling 1,884 square feet of living space, situated on a 6,302-square-foot lot. The back unit (558) is currently vacant and move-in ready, while the front unit (556) will be vacated by the end of June, providing investors or owner-users with maximum flexibility. Located just steps from Roy's Station and the shops, restaurants, and cultural landmarks of Japantown, the property offers a walkable, community-oriented environment with close proximity to downtown San Jose and Silicon Valley job centers. With such a fantastic location, this property is a solid investment for steady rental income or for owners to modify to fit their own needs: convert the large parking area into a backyard oasis, or convert the back unit to a three bedroom back unit while retaining a spacious 1/1 in front for ongoing income generation, the potential is endless!

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 05/27/2025

Last Buyer's Agent

Lucy Cai

Keller Williams Thrive License #01323003

Keller Williams Thrive

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 6,303 Sq Ft Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,884 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $76,200

Community Details

Overview

Building Details

  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Utility Expense $1,800
  • Trash Expense $1,200
  • Operating Expense $25,173
  • Gross Income $76,200

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

6,303 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1884
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 1884
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces

Utilities

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

Lot Info

  • Lot Acres: 0.1447
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6302.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6302.00

Rental Info

  • Gross Rent Multiplier: 17.05

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1800
  • Expense Maintenance: 1000
  • Expenses Total: 25173
  • Expenses Utility: 1800
  • Expense Trash: 1200
  • Income Annual Gross: 76200.00
  • Income Annual Rental: 76200
  • Income Gross Scheduled: 76200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
07/15/2025 07/15/25 Sold $1,150,000 -11.5% $610 / Sq Ft
06/22/2025 06/22/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $1,299,000 -- $689 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,286 $779,013 $477,125 $301,888
2024 $11,286 $763,739 $467,770 $295,969
2023 $5,833 $297,579 $117,225 $180,354
2022 $5,755 $291,745 $114,927 $176,818
2021 $5,546 $286,025 $112,674 $173,351
2020 $5,322 $283,093 $111,519 $171,574
2019 $5,157 $277,543 $109,333 $168,210
2018 $5,011 $272,102 $107,190 $164,912
2017 $4,947 $266,768 $105,089 $161,679
2016 $4,776 $261,538 $103,029 $158,509
2015 $4,729 $257,611 $101,482 $156,129
2014 $3,840 $252,566 $99,495 $153,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82008435

MLSListings

APN: 249-40-023

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