$1,690,000
PENDING $90K PRICE DROP

Estimated payment $9,679/month

Total Views 10,576
9 Beds
6 Baths
3,828 Sq Ft
$441 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Forced Air Heating System
  • Del Mar High School Rated A-
  • Tile Flooring
  • Coin Laundry

About This Home

Lowest price of 4-plex in that areas, live in one and rent out the others. Rare opportunity to own a 4-unit income property in one of the most desirable and stable rental markets in San Jose, with significant upside potential through future rent increases or value-add improvements. Each unit features a fireplace, central heating, functional layout that appeals to long-term tenants, Located in a high-demand neighborhood near major employers, transit, Santan Road, Valley Fair, shops, Valley Medical Center, and restaurants, this asset is perfectly positioned for continued appreciation.Ideal for investors seeking strong returns or owner-occupiers looking to live in one unit while earning income from the others. dedicated parking, Unit 3 vacant for showing.

Listing Agent

Lisa Leung

KW Bay Area Estates License #00600854 Listed on: 05/19/2025

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,137

Year Built

  • 1966

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 6 Car Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,828 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,705
  • Maintenance Expense $1,000
  • Other Expense $751
  • Utility Expense $2,234
  • Trash Expense $836
  • Operating Expense $12,733
  • Gross Income $110,871

Additional Features

  • 3,828 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,137

Year Built

1966

Lot Details

0

Parking

6

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Contemporary
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3828
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Formica, Countertop - Granite, Dishwasher, Exhaust Fan, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3828
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Tile
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 6
  • Garage Parking Features: Attached Garage, Enclosed, Off-Street Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Campbell Union High
  • Middle School: Monroe Middle
  • High School: Del Mar High
  • High School: 239
  • Middle School: 60

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.79
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2705
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Other: 751
  • Expenses Total: 12733
  • Expenses Utility: 2234
  • Expense Trash: 836
  • Income Annual Gross: 110871.00
  • Income Annual Rental: 114300
  • Income Gross Scheduled: 114300
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 834
  • Operating Expenses Include: Accounting/Legal, Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Maintenance - Interior, Utilities - Electric, Utilities - Gas
  • 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

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
2024 $4,137 $168,679 $33,713 $134,966
2023 $3,972 $165,372 $33,052 $132,320
2022 $4,007 $162,130 $32,404 $129,726
2021 $3,850 $158,952 $31,769 $127,183
2020 $3,802 $157,323 $31,444 $125,879
2019 $3,738 $154,239 $30,828 $123,411
2018 $3,646 $151,216 $30,224 $120,992
2017 $3,586 $148,252 $29,632 $118,620
2016 $3,392 $145,346 $29,051 $116,295
2015 $3,307 $143,164 $28,615 $114,549
2014 $3,037 $140,361 $28,055 $112,306
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Pending -- -- --
07/20/2025 07/20/25 Price Changed $1,690,000 -5.1% $441 / Sq Ft
05/19/2025 05/19/25 For Sale $1,780,000 -- $465 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML82007626

MLSListings

APN: 299-27-060