1990 Southwest Expressway, San Jose, California 95126, San Jose, 95126 - bed, bath

1990 Southwest Expressway, San Jose, California 95126 home-pic-0
ACTIVE$2,200,000
1990 Southwest Expressway, San Jose, California 95126
0Bed
0Bath
4,339Sqft
14,683Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Strategically situated between the highly sought-after neighborhoods of Willow Glen and Campbell, offering excellent access to amenities and strong rental demand.
Top Cons:
Property Age: Built in 1973, the property may require significant capital expenditures for system updates, renovations, and modernization to maximize rental income and tenant appeal.

Compared to the nearby listings

Price:$2.20M vs avg $1.96M (+$237,500)50%
Size:4,339 sqft vs avg 4,201 sqft50%
Price/sqft:$507 vs avg $46650%

More Insights

Built in 1973 (52 years old).
Condition: The property was built in 1973, making it 51 years old. While the exterior appears functional, there are no interior images provided, which is a significant red flag for a property of this age. The absence of interior photos strongly suggests that the kitchens, bathrooms, and other interior spaces are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. Major systems (HVAC, plumbing, electrical) are also likely original or very old, nearing or past their expected lifespan, necessitating significant investment. The listing description emphasizes 'development potential' and 'redevelopment or expansion' rather than the current living quality, further indicating that the existing units are not a primary selling point in their current condition.
Year Built
1973
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$507
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020317
Home ConditionPoor
Features
Good View:
Deck
View-

About this home

Situated between the vibrant and sought out after neighborhoods of Willow Glen and Campbell, this four-unit multifamily asset located at 1990 Southwest Expressway offers a rare opportunity to own in one of San Jose's most strategic and sought-after corridors. The property sits on a massive 14,683 sq. ft. lot and boasts 4,339 sq. ft. of rentable building area, providing excellent potential for both income generation and long-term development. An investor should be ready to take command of an exceptional unit mix of (1) three-bed, two-bath, (2) two-bed, two-bath and (1) two-bed, one-bath, all of which offer overly large floor plans. Each unit is exceptionally large, delivering rare spacious living for tenants not generally found in most apartment living spaces. The expansive lot also offers immediate ADU development potential and possibilities for future redevelopment or expansion. The RM (residential multiple) zoning designation allows investors and developers to unlock significant additional living space on the property, whether by adding detached ADUs, converting existing structures and ultimately increasing income streams, providing substantial upside beyond the current four-unit configuration.

Condition Rating
Poor

The property was built in 1973, making it 51 years old. While the exterior appears functional, there are no interior images provided, which is a significant red flag for a property of this age. The absence of interior photos strongly suggests that the kitchens, bathrooms, and other interior spaces are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. Major systems (HVAC, plumbing, electrical) are also likely original or very old, nearing or past their expected lifespan, necessitating significant investment. The listing description emphasizes 'development potential' and 'redevelopment or expansion' rather than the current living quality, further indicating that the existing units are not a primary selling point in their current condition.
Pros & Cons

Pros

Prime Location: Strategically situated between the highly sought-after neighborhoods of Willow Glen and Campbell, offering excellent access to amenities and strong rental demand.
Significant Development Potential: The massive 14,683 sq. ft. lot combined with RM (residential multiple) zoning allows for immediate ADU development and future expansion or redevelopment, providing substantial upside.
Strong Income Generation: As a four-unit multifamily asset, the property offers immediate and excellent potential for consistent income generation from diverse rental units.
Spacious Unit Floor Plans: Each unit boasts 'overly large' and 'exceptionally large' floor plans, a rare and highly desirable feature for tenants in apartment living spaces.
Diverse Unit Mix: The property features an exceptional unit mix of (1) 3-bed/2-bath, (2) 2-bed/2-bath, and (1) 2-bed/1-bath, appealing to a broad range of tenants.

Cons

Property Age: Built in 1973, the property may require significant capital expenditures for system updates, renovations, and modernization to maximize rental income and tenant appeal.
Expressway Frontage: Its location on 'Southwest Expressway' suggests potential for traffic noise and a less desirable residential ambiance compared to properties on quieter streets, which could affect tenant experience.
Capital Investment Required: While offering significant development potential (ADUs, redevelopment), realizing this upside will necessitate substantial additional capital investment and navigating complex permitting processes.

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