1105 Appian Ln, San Jose, California 95116, San Jose, 95116 - 0 bed, 0 bath
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San Jose, California 95116
This Turnkey Quadruplex Asset represents a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,723,915 Fair Market Value by 7%. This valuation gap offers $128,915 in Instant Equity for the incoming owner. The property generates a robust $9,469 monthly rental income and maintains a Condition Rating of 4, featuring rare dual carport parking for every unit and an outdoor deck. Located in a high-demand San Jose corridor near major freeways and schools, this stable income-producer is ideal for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1105 Appian Ln Subject | $1,595,000* List Price | 0 | 0 | 3,328 | $518 | - |
A 855 Jeanne Avenue Active | $1,388,888 List Price | 0 | 0 | 2,815 | $493 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property is well-maintained but shows dated interior finishes. The bathroom features an older oak-style vanity and standard tiling likely over 20 years old. While functional and described as turnkey for an investor, the systems and aesthetics require modernization to meet current market standards.
The property generates a robust monthly rental income of $9,469 plus additional coin-operated laundry revenue, providing an attractive gross rent multiplier for the San Jose market.
This well-maintained fourplex is described as turnkey with long-term tenants on month-to-month leases, offering immediate stability and the flexibility to adjust rents to market rates.
Each unit includes two carport parking spaces, a rare and highly desirable feature in high-density rental areas that significantly enhances tenant retention and property value.
Built in 1961, the property may require ongoing capital expenditures for aging systems and infrastructure compared to more modern residential income assets.
Being located in San Jose, the property is subject to strict local rent control and tenant protection ordinances, which can complicate management and limit rapid revenue growth.
A turnkey fourplex in high rental area of San Jose. Well maintained property with long term tenants who are on month-to-month basis. Total rent is $9469 per month. Additional income from coin op laundry. Unit has carport with two parking slots per tenant. Located off the freeway, close to shopping and schools. This fourplex is a keeper.
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 | 3,328 | 1,978 | 67% |
| Lot Size | 6,120 | 6,120 | 50% |
| Price | $1.59M | $1.55M | 67% |
| Price per sq ft | $479 | $691 | 33% |
| Built year | 1961 | 1957 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 153 | 33% |
Apr 28, 2026
$1,595,000
Initial Listing
May 28, 2004
$720,000
Public Record