1012 Chestnut Street, San Jose, California 95110, San Jose, 95110 - bed, bath
ACTIVE$1,425,000
1012 Chestnut Street, San Jose, California 95110
0Bed
0Bath
1,672Sqft
5,087Lot
Year Built
1952
Close
-
List price
$1.43M
Original List price
$1.43M
Price/Sqft
$852
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027180
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.43M(50th), sqft - 1672(50th), beds - undefined(50th), baths - undefined(50th).
Great opportunity to own a 4-plex with great income, over $100k gross income annually. ZERO vacancy. Each unit has central A/C with double pane windows. This is a money maker. Two out of 4 units have been completely remodeled. Close to shopping, transporation and entertainment.
Price History
Date
Event
Price
11/10/25
Listing
$1,425,000
07/07/22
Sold
$1,213,000
03/12/18
Sold
$1,112,500
03/08/04
Sold
$520,000
02/04/98
Sold
$203,000
Condition Rating
Fair
Built in 1952, this 4-plex has undergone a partial renovation, with two out of four units completely remodeled. The remodeled units feature updated kitchens with white cabinets, new countertops, and modern appliances (some white, some stainless/black), along with new laminate or tile flooring. Bathrooms in these units are also updated with new vanities, toilets, and shower enclosures. However, the listing explicitly states that the remaining two units may require significant capital investment, and no images are provided for these units. While the property benefits from central A/C and double-pane windows throughout, the overall age of the building and the substantial work needed for half of the units prevent a 'Good' rating. The property is maintained and income-producing, but the unremodeled portions bring its overall condition to 'Fair'.
Pros & Cons
Pros
Strong Income & Occupancy: The property boasts over $100,000 in annual gross income with a zero vacancy rate, indicating high demand and excellent cash flow potential.
Modernized Units: Two out of the four units have been completely remodeled, enhancing their appeal and justifying premium rental rates.
Tenant Comfort & Efficiency: All units are equipped with central A/C and double-pane windows, providing modern comfort and energy efficiency for tenants.
Desirable Location: Conveniently located close to shopping, transportation, and entertainment, which contributes to strong tenant retention and demand.
Investment Opportunity: As a 4-plex, this property offers a robust residential income stream and diversification for an investor.
Cons
Partial Remodel Status: Only half of the units have been remodeled, suggesting the remaining two may require significant capital investment to achieve similar modern standards and maximize rental income.
Building Age: Built in 1952, the property is over 70 years old, which could lead to potential deferred maintenance or the need for updates to major systems (e.g., plumbing, electrical, roof) in the unremodeled sections or common areas.
Small Unit Footprint: With 1672 total square feet for four units, the average unit size is approximately 418 sqft, which is relatively small and may limit the tenant pool or rental rates compared to properties with larger units.