
San Jose, California 95117
This 4plex presents a High-Potential Investment Opportunity with a List Price of $1,950,000—positioned well below the $1,954,253 Fair Market Value by 0.22%. Featuring a diverse unit mix and an exceptional parking ratio of 12 spaces, the property offers significant rental appeal in a prime Silicon Valley location. While the Fair Condition Rating suggests a need for cosmetic modernization, the remodeled 3BD/2BA unit provides immediate value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 Essex Way Subject | $1,950,000* List Price | 0 | 0 | 3,928 | $498 | - |
A 3691 Cape Cod Court Active | $1,948,000 List Price | 0 | 0 | 3,584 | $544 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this 4plex is over 50 years old but has received various updates. While the description notes some remodeling and central heating in the main unit, interior photos reveal dated bathroom tiling and older cabinetry likely exceeding 20 years in age, placing it in the 'Fair' category requiring cosmetic modernization.
Situated in a high-demand West San Jose neighborhood bordering Campbell, the property offers proximity to major tech employers like Apple and NVIDIA, ensuring strong rental demand and long-term appreciation.
The building features a rare 3-bedroom, 2-bathroom remodeled unit with a private yard, providing an excellent opportunity for an owner-occupant or a premium rental anchor.
With 6 enclosed garages and 6 additional tandem spaces, the property offers a total of 12 parking spots, a significant competitive advantage in a dense rental market where parking is often scarce.
Originally built in 1967, the property may require ongoing capital expenditures for aging systems and structural maintenance typical of buildings from this era.
The 6,120 square foot parcel is heavily utilized by the building footprint and extensive parking, leaving minimal common outdoor space for tenants in the smaller units.
Magnify is pleased to present 1342 Essex Way, a large 4plex located in a premier West San Jose neighborhood bordering Campbell. Built in 1967, the property consists of 3,928 building square feet on a 6,120 square foot parcel. The building features an attractive and diverse unit mix of (1) 3-Bed/2-Bath, (1) 2-Bed/2-Bath, and (2) 2-Bed/1-Bath units catering to a broad tenant base. The spacious 3BD/2BA has been nicely remodeled and offers excellent owner-occupant potential with a yard, dual-pane windows, and central heating. The property also benefits from 6 enclosed garages and 6 additional tandem spaces, providing ample parking for residents. Several units feature key interior upgrades, including vinyl plank flooring, tile, and updated kitchens/bathrooms. Positioned in one of Silicon Valley's strongest rental markets, this location offers convenient access to Downtown Campbell, Santana Row, Valley Fair, and major employers including Apple, NVIDIA, Netflix, Adobe, and more. With its desirable unit mix, strong rental appeal, and exceptional location near shopping, dining, transportation, and major job centers, 1342 Essex Way presents investors with a rare opportunity to acquire a quality asset with tangible upside in a highly sought-after West San Jose submarket.
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 | 3,928 | 2,552 |
| Lot Size | 6,120 | 7,370 |
| Price | $1.95M | $1.54M |
| Price per sq ft | $496 | $655 |
| Built year | 1967 | 1961 |
| HOA | $0 | $0 |
| Days on market | 29 | 50 |
Jun 23, 2026
$1,950,000
Initial Listing
Feb 13, 2015
$1,500,000
Public Record
Dec 24, 2013
$375,000
Public Record
Jun 6, 2012
$800,000
Public Record