1012 Chestnut Street, San Jose, California 95110, San Jose, 95110 - 0 bed, 0 bath
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San Jose, California 95110
This Income-Generating Quadruplex represents a stabilized multi-family asset with a List Price of $1,425,000, positioned near its $1,394,533 Fair Market Value. Delivering over $100,000 in Gross Annual Income with Zero Vacancy, the property offers immediate, reliable cash flow in a high-demand San Jose corridor. Currently holding a Good Condition Rating, the building features essential upgrades including central A/C and double-pane windows. With 50% of the units already remodeled, there is a clear Value-Add Opportunity to renovate the remaining units and maximize market rents. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a turnkey, high-yield rental property.
Property is move-in ready.
This 4-plex is classified as being in good condition because 50% of the units have been completely remodeled with modern laminate flooring, fresh paint, updated shaker-style cabinetry, and renovated bathrooms featuring new vanities and glass-enclosed showers. While the building dates to 1952, the presence of central A/C and double-pane windows in all units indicates a high level of maintenance and functional updating. The property is move-in ready and fully occupied, though the remaining two unrenovated units and the aged exterior prevent an 'excellent' rating.
The property generates over $100,000 in gross annual income, offering an attractive gross yield for the San Jose investment market.
Boasting zero vacancy, this 4-plex provides immediate, stabilized cash flow for the incoming owner without the need for initial leasing efforts.
Unlike many older multi-family assets, each unit features central A/C and double-pane windows, significantly increasing tenant retention and comfort.
With a total building size of 1,672 square feet, the individual units are relatively small, which may limit the tenant demographic to single occupants or couples.
Originally built in 1952, the property may require specialized maintenance or future upgrades to core systems like plumbing and electrical that are typical for its era.
With only 50% of the units remodeled, the buyer faces the eventual task and expense of upgrading the remaining two units to achieve maximum market rents.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,672 | 1,672 | 50% |
| Lot Size | 5,087 | 10,530 | 33% |
| Price | $1.43M | $1.62M | 33% |
| Price per sq ft | $852 | $852 | 50% |
| Built year | 1952 | 1949 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 196 | 33% |
Nov 10, 2025
$1,425,000
Initial Listing
Jul 7, 2022
$1,213,000
Public Record
Mar 12, 2018
$1,112,500
Public Record
Mar 8, 2004
$520,000
Public Record
Feb 4, 1998
$203,000
Public Record