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

1990 Southwest Expressway, San Jose, California 95126 home-pic-0
ACTIVE UNDER CONTRACT$2,050,000
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:
Significant Development Potential: The massive 14,683 sq. ft. lot with RM (residential multiple) zoning offers immediate ADU development potential and possibilities for future expansion, allowing for increased income streams.
Top Cons:
Property Age & Potential for Capital Expenditure: Built in 1973, the property is over 50 years old, suggesting potential for outdated systems and significant capital expenditure required for modernization and addressing deferred maintenance.

Compared to the nearby listings

Price:$2.05M vs avg $1.89M (+$162,500)50%
Size:4,339 sqft vs avg 4,201 sqft50%
Price/sqft:$472 vs avg $44950%

More Insights

This property has been on the market for 130 days.
Built in 1973 (52 years old).
Condition: Built in 1973, this property is over 50 years old with no evidence of recent renovations. The listing explicitly states 'unspecified current unit condition' and highlights the need for 'substantial renovation' and 'significant capital expenditure' due to 'outdated systems.' The exterior appears dated, and elements like the garage doors show significant wear. The complete absence of interior photos, particularly for kitchens and bathrooms, strongly suggests these critical areas are in poor, outdated condition, requiring major updates and rehabilitation to meet modern standards.
Year Built
1973
Close
-
List price
$2.05M
Original List price
$2.2M
Price/Sqft
$472
HOA
-
Days on market
130 Days
Sold On
2026-01-13
MLS number
ML82020465
Home ConditionPoor
Features
Good View:
Deck
Pool
Spa
Patio
View-

About this home

*** 14,683 SF Lot - Immediate ADU Potential *** Units 1 & 2 Will Be Delivered Vacant*** 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. 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

Built in 1973, this property is over 50 years old with no evidence of recent renovations. The listing explicitly states 'unspecified current unit condition' and highlights the need for 'substantial renovation' and 'significant capital expenditure' due to 'outdated systems.' The exterior appears dated, and elements like the garage doors show significant wear. The complete absence of interior photos, particularly for kitchens and bathrooms, strongly suggests these critical areas are in poor, outdated condition, requiring major updates and rehabilitation to meet modern standards.
Pros & Cons

Pros

Significant Development Potential: The massive 14,683 sq. ft. lot with RM (residential multiple) zoning offers immediate ADU development potential and possibilities for future expansion, allowing for increased income streams.
Strategic San Jose Location: Situated between the highly sought-after neighborhoods of Willow Glen and Campbell, the property benefits from strong rental demand and potential for appreciation in a prime San Jose corridor.
Immediate Vacancy for Value-Add: Two of the four units will be delivered vacant, providing an investor with immediate opportunity to renovate, re-tenant at market rates, or occupy, thereby maximizing income potential.
Desirable Unit Mix & Spacious Layouts: The property boasts an exceptional unit mix including 3-bed/2-bath, 2-bed/2-bath, and 2-bed/1-bath configurations, all featuring 'overly large floor plans' appealing to a broad tenant base.
Established Multifamily Income Asset: As a four-unit multifamily property, it offers inherent income generation and diversification, providing a stable investment opportunity in a robust rental market.

Cons

Property Age & Potential for Capital Expenditure: Built in 1973, the property is over 50 years old, suggesting potential for outdated systems and significant capital expenditure required for modernization and addressing deferred maintenance.
Extended Market Time & Price Reduction: With 130 days on market and a recent price reduction from $2.2M to $2.05M, the property may have faced challenges attracting buyers, potentially indicating initial overpricing or perceived condition issues.
Unspecified Current Unit Condition: The description emphasizes development potential but lacks details on the current condition or recent upgrades of the existing units, implying they may require substantial renovation to maximize rental income.

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