2795 Garden Avenue, San Jose, California 95111, San Jose, 95111 - bed, bath
ACTIVE$2,088,888
2795 Garden Avenue, San Jose, California 95111
0Bed
0Bath
3,680Sqft
8,189Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Occupancy & Income: Fully rented with strong reported rents ($2700-$2750), ensuring immediate and stable cash flow for an investor.
Top Cons:
Significant Price Reductions: Multiple price adjustments from the original listing indicate potential overpricing or market resistance, which may suggest a challenging valuation.
Compared to the nearby listings
Price:$2.09M vs avg $1.49M (+$594,444)50%
Size:3,680 sqft vs avg 2,481 sqft50%
Price/sqft:$568 vs avg $63550%
More Insights
Built in 1986 (39 years old).
Condition: Built in 1986, this 4-plex has undergone significant updates, including kitchens, bathrooms with granite counters, double-pane windows, and copper plumbing. These improvements indicate a well-maintained property that is move-in ready for tenants, with major systems updated or functional. While the building's age suggests potential for deferred maintenance on original components, the listed renovations address key areas, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years. The exterior images show a maintained, albeit not new, appearance.
Year Built
1986
Close
-
List price
$2.09M
Original List price
$2.19M
Price/Sqft
$568
HOA
-
Days on market
-
Sold On
-
MLS number
ML81941980
Home ConditionGood
Features
View-
About this home
Nice 4-plex fully rented. Large units 920 sq ft All 2/1 , similar floor plan. sq. ft are approximate. Good Rents: $2750 & $2700 2 parking spaces each unit. Updated kitchens and baths. Granite counters coin operated laundry on site. Double pane windows and Copper plumbing. All units have separate gas & electric &" Water meters" Tenants pay for their Water & PGE! Offer subject to Inspection. Driver by OK. DO Not Disturb tenants.
Condition Rating
Good
Built in 1986, this 4-plex has undergone significant updates, including kitchens, bathrooms with granite counters, double-pane windows, and copper plumbing. These improvements indicate a well-maintained property that is move-in ready for tenants, with major systems updated or functional. While the building's age suggests potential for deferred maintenance on original components, the listed renovations address key areas, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years. The exterior images show a maintained, albeit not new, appearance.
Pros & Cons
Pros
High Occupancy & Income: Fully rented with strong reported rents ($2700-$2750), ensuring immediate and stable cash flow for an investor.
Low Operating Costs: Separate utility meters for gas, electric, and water, with tenants responsible for their own usage, significantly reduces landlord's expenses.
Modernized Interiors & Infrastructure: Recent updates to kitchens, baths (granite counters), double-pane windows, and copper plumbing minimize immediate capital expenditure needs.
Desirable Tenant Amenities: Each unit includes two parking spaces, and a coin-operated laundry facility on-site provides convenience for tenants and an additional income stream.
Spacious Units: Generously sized 920 sq ft, 2-bedroom, 1-bathroom units are attractive to a broad tenant base, contributing to high demand and retention.
Cons
Significant Price Reductions: Multiple price adjustments from the original listing indicate potential overpricing or market resistance, which may suggest a challenging valuation.
Limited Pre-Offer Access: The 'Do Not Disturb tenants' clause restricts thorough pre-offer inspections, potentially hindering comprehensive due diligence for prospective buyers.
Property Age & Deferred Maintenance Potential: Built in 1986, despite recent updates, the property may still have original components (e.g., roof, exterior) that could require significant capital expenditures in the near future.