
San Jose, California 95128
Investor opportunity in San Jose 95128! Four income-producing units generating approximately $6,000/month ($72,000/year) in gross rents. 1920s-era property with 6bed 4baths. Sold strictly AS-IS cash or hard money only; property will not qualify for conventional financing. Excellent value-add play with strong in-place cash flow from day one, in a high-demand rental area with easy freeway access.
Property is extensive renovation needed.
Built in 1916 with no recorded renovations, this property is sold 'AS-IS' and specifically noted as not qualifying for conventional financing, which typically indicates significant safety, structural, or system defects. The high bedroom-to-bathroom ratio (8:2) and 'value-add' description confirm it needs a major rehab.
The property generates approximately $6,000 per month in gross rents, offering a strong in-place income stream and immediate return on investment from day one.
Situated in the high-demand 95128 zip code with easy freeway access, the property is ideally located to attract long-term tenants in a competitive San Jose market.
With a four-unit configuration on a 5,625 sqft lot, this 1920s-era property presents a prime opportunity for investors to increase equity through renovations and market-rate rent adjustments.
The property does not qualify for conventional financing and is limited to cash or hard money buyers, which significantly narrows the pool of potential purchasers.
Sold strictly in 'as-is' condition, the property may require substantial capital for repairs and necessitates rigorous due diligence regarding the legality and permitting of its multi-unit configuration.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,380 | 1,721.238 |
| Lot Size | 5,625 | 6,271.145 |
| Price | $800.0K | $1.67M |
| Price per sq ft | $580 | $972 |
| Built year | 1916 | 1965 |
| HOA | $0 | $190 |
| Days on market | 23 | 38 |
Oct 1, 2026
$800,000
Initial Listing
Sep 1, 2000
$400,000
Public Record