1131 Luchessi Drive, San Jose, California 95118, San Jose, 95118 - 0 bed, 0 bath
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San Jose, California 95118
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,495,000—positioned well below the $1,659,644 Fair Market Value by 9%. This valuation gap offers $164,644 in Instant Equity for the buyer. Featuring a Mint Condition Rating following a comprehensive high-end renovation, the property requires no deferred maintenance. Located in the San Jose Unified district, this turnkey asset provides immediate rental potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in-ready multi-family property.
Property is new construction or fully renovated.
While built in 1982, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a modern kitchen with stainless steel appliances, quartz countertops, and updated cabinetry. Bathrooms are fully modernized with new tile work and fixtures. With new LVP flooring, recessed lighting, and updated windows, the property is in mint, move-in-ready condition with no deferred maintenance.
As a quadruplex in the high-demand San Jose market, this property offers a rare opportunity for diversified rental income and strong long-term appreciation.
Located in the desirable 95118 zip code, the property is situated in a stable neighborhood with easy access to major commute veins and local amenities.
The 8,712 square foot lot provides significant space for tenant parking and potential for future site improvements or landscaping to increase curb appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 2500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2346, other record living area = 612.
With only 2,346 total square feet for four units, the average unit size is quite small, which may limit the tenant profile and maximum achievable rent.
Built in 1982, the building may soon require capital expenditures for aging systems or cosmetic updates to remain competitive with newer rental inventory.
Exceptional opportunity to acquire a highly visible mixed-use investment or owner-user property in the heart of Cambrian. Strategically located just moments from Almaden Expressway and Highway 85, this unique property offers outstanding accessibility and exposure near major retail destinations including Almaden Plaza, Costco, Bass Pro Shops, and Westfield Oakridge Mall. Property is currently configured as four separate units, with three units being utilized for residential purposes and one operating as office space. Commercial zoning may provide a variety of future possibilities for investors, business owners, or those seeking a live/work environment, subject to buyer verification and City approval. Positioned in a high-traffic corridor property benefits from ample on-site parking. Surrounded by established residential neighborhoods, retail centers, and professional services. Rare opportunity to acquire four parcels being sold together: APNs 569-54-001, 569-54-002, 569-54-003, and 569-54-004.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,346 | 2,552 |
| Lot Size | 10,000 | 7,370 |
| Price | $1.40M | $1.54M |
| Price per sq ft | $595 | $655 |
| Built year | 1982 | 1961 |
| HOA | $0 | $0 |
| Days on market | 45 | 50 |
Jul 11, 2026
$1,395,000
$1,495,000
-7% Price Drop
Initial Listing
Jun 7, 2026
$1,495,000
Initial Listing