330 Arleta Avenue, San Jose, California 95128, San Jose, 95128 - bed, bath
ACTIVE$1,280,000$1,300/sqft
330 Arleta Avenue, San Jose, California 95128
0Bed
0Bath
1,300Sqft
3,951Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property is explicitly described as a 'great investment property with high return,' boasting a gross rent income between $95,000 and $100,000 annually, complemented by low utility expenses.
Top Cons:
Age of Property: Built in 1948, the property's underlying structure is over 70 years old, which could lead to potential maintenance issues with older systems or components despite recent unit remodels.
Compared to the nearby listings
Price:$1.28M vs avg $1.85M ($-567,500)33%
Size:1,300 sqft vs avg 3,887.5 sqft17%
Price/sqft:$985 vs avg $50983%
More Insights
Built in 1948 (78 years old).
Condition: Despite being built in 1948, the listing explicitly states that 'All units were remodeled in the past few years.' The images confirm this, showcasing virtually new kitchens with white shaker cabinets and modern appliances, updated bathrooms with new vanities and glass-enclosed showers, fresh paint, clean flooring (carpet and tile), and modern light fixtures. The overall condition of the interiors is consistent with an extensive recent renovation, meeting current quality standards with minimal depreciation.
Year Built
1948
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
$985
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031725
Home ConditionExcellent
Features
View-
About this home
Great investment property with high return. This is a fourplex with two separate buildings siting on concrete base. There are two studio cottage style units in each building. All units are ground level which makes them easy for rent and maintenance. The gross rent income is in the range between $95,000 and$100,000. The utility expense are low. Prime San Jose location near Valley Fair, Santana Row, Covenient to 880 &280 freeways. All units were remodeled in the past few years.
L
Ling Wang
Listing Agent
Nearby schools
4/10
Merritt Trace Elementary School
Public,•K-5•0.6mi
4/10
Gardner Elementary School
Public,•K-5•1.8mi
4/10
Horace Mann Elementary School
Public,•K-5•2.7mi
4/10
Luther Burbank Elementary School
Public,•K-8•0.1mi
3/10
Herbert Hoover Middle School
Public,•6-8•0.8mi
5/10
Willow Glen Middle School
Public,•6-8•2.8mi
5/10
Abraham Lincoln High School
Public,•9-12•0.5mi
5/10
Del Mar High School
Public,•9-12•1.3mi
6/10
Willow Glen High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
04/14/20
Sold
$1,180,000
10/06/15
Sold
$909,000
05/09/07
Sold
$630,000
06/30/05
Sold
$515,000
Condition Rating
Excellent
Despite being built in 1948, the listing explicitly states that 'All units were remodeled in the past few years.' The images confirm this, showcasing virtually new kitchens with white shaker cabinets and modern appliances, updated bathrooms with new vanities and glass-enclosed showers, fresh paint, clean flooring (carpet and tile), and modern light fixtures. The overall condition of the interiors is consistent with an extensive recent renovation, meeting current quality standards with minimal depreciation.
Pros & Cons
Pros
High Income Potential: The property is explicitly described as a 'great investment property with high return,' boasting a gross rent income between $95,000 and $100,000 annually, complemented by low utility expenses.
Prime San Jose Location: Situated in a prime San Jose location, it offers convenient access to popular destinations like Valley Fair and Santana Row, and major freeways (880 & 280), ensuring high rental demand.
Recently Remodeled Units: All four units have been remodeled in the past few years, reducing immediate capital expenditure for a new owner and enhancing tenant appeal and market readiness.
Multi-Unit Investment (Fourplex): As a fourplex, it provides diversified income streams and greater stability for investors compared to single-unit properties.
Ground-Level Units: All units are ground level, which simplifies maintenance and broadens tenant appeal, including those seeking easy access.
Cons
Age of Property: Built in 1948, the property's underlying structure is over 70 years old, which could lead to potential maintenance issues with older systems or components despite recent unit remodels.
Small Unit Footprint: The property consists of four studio cottage-style units, totaling 1300 sqft, meaning each unit is quite small (approx. 325 sqft), potentially limiting the tenant demographic or rental rate growth.
Limited Lot Size: With a lot size of 3951 sqft for a fourplex, there may be limited space for significant outdoor amenities, tenant parking, or future expansion opportunities.