2369 Mammoth Drive, San Jose, California 95116, San Jose, 95116 - bed, bath
ACTIVE$1,550,000$3,104/sqft
2369 Mammoth Drive, San Jose, California 95116
0Bed
0Bath
3,104Sqft
7,440Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Consistent Rental Income: A four-unit property generating a substantial monthly rent income of $8,730, offering immediate and stable cash flow for investors.
Top Cons:
Property Age & Potential Upgrades: Built in 1960, the property is over six decades old, suggesting potential for aging infrastructure and the need for future capital expenditures or renovations to meet modern standards.
Compared to the nearby listings
Price:$1.55M vs avg $1.22M (+$330,000)75%
Size:3,104 sqft vs avg 2,433 sqft75%
Price/sqft:$499 vs avg $52250%
More Insights
Built in 1960 (66 years old).
Condition: Built in 1960, this property is over 60 years old. The listing explicitly notes 'aging infrastructure' and the 'need for future capital expenditures or renovations to meet modern standards.' While the exterior appears maintained, it features dated elements like window-mounted AC units and security bars, suggesting older systems and aesthetics. Without interior photos, it's highly probable that kitchens, bathrooms, flooring, and major systems (electrical, plumbing) are significantly outdated and require substantial rehabilitation to meet current quality and safety standards. It is not a tear-down as it is currently income-generating, but it requires significant investment beyond minor updates.
Year Built
1960
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$499
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031077
Home ConditionPoor
Features
View-
About this home
Four-unit property with monthly rent income $8730 in a desirable San Jose location featuring four 2-bedroom, 1-bath units, each approximately 753 square feet. The building offers carport parking for each unit along with a convenient on-site laundry room. Ideally situated near shopping, dining, and a BART station, with quick access to Highways 680, 130, and 101, making commuting throughout the Bay Area convenient and efficient.
X
Xiaozhu Kang
Listing Agent
Price History
Date
Event
Price
04/08/19
Sold
$1,340,000
02/19/16
Sold
$1,080,000
06/19/06
Sold
$840,000
Condition Rating
Poor
Built in 1960, this property is over 60 years old. The listing explicitly notes 'aging infrastructure' and the 'need for future capital expenditures or renovations to meet modern standards.' While the exterior appears maintained, it features dated elements like window-mounted AC units and security bars, suggesting older systems and aesthetics. Without interior photos, it's highly probable that kitchens, bathrooms, flooring, and major systems (electrical, plumbing) are significantly outdated and require substantial rehabilitation to meet current quality and safety standards. It is not a tear-down as it is currently income-generating, but it requires significant investment beyond minor updates.
Pros & Cons
Pros
Consistent Rental Income: A four-unit property generating a substantial monthly rent income of $8,730, offering immediate and stable cash flow for investors.
Strategic San Jose Location: Located in a highly desirable San Jose area, benefiting from strong rental demand and a robust local economy.
Exceptional Commuter Access: Unbeatable proximity to major highways (680, 130, 101), BART, shopping, and dining, making it highly attractive to commuters and tenants.
Key Tenant Amenities: Features individual carport parking for each unit and a convenient on-site laundry facility, enhancing tenant satisfaction and property value.
Multi-Unit Investment: As a quadruplex, it provides a diversified income stream, mitigating vacancy risk compared to single-unit investments.
Cons
Property Age & Potential Upgrades: Built in 1960, the property is over six decades old, suggesting potential for aging infrastructure and the need for future capital expenditures or renovations to meet modern standards.
Limited School District Information: The 'Other' designation for the high school district and 'Not Defined' MLS area may present a challenge for attracting family tenants prioritizing specific school zones.
Compact Unit Sizes: Each 2-bedroom, 1-bath unit is approximately 753 square feet, which might be considered compact by today's standards, potentially limiting appeal to tenants seeking more spacious living arrangements.