3691 Cape Cod Court, San Jose, California 95117, San Jose, 95117 - bed, bath
3691 Cape Cod Court
San Jose, California 95117
Property Price
SUMMARY
Analysis of 3691 Cape Cod Court, San Jose, California 95117 is currently available with a list price of $2,048,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive capital improvements totaling over $275,000 since 2013, including a complete plumbing overhaul in 2024, a new roof in 2022, and updated heating systems. All four units feature modern renovations with high-quality finishes in kitchens and bathrooms, with the most recent interior updates occurring between 2021 and 2025, meeting the criteria for a fully renovated property with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Capital Improvements
With over $275,000 invested since 2013, the property features a new roof (2022), complete plumbing replacement (2024), and updated heating systems, significantly reducing near-term capital expenditure risks.
- Prime Rental Location
Situated in a desirable West San Jose corridor less than three miles from Santana Row and Valley Fair, the property is positioned in a high-demand area that attracts quality tenants and supports stable occupancy.
- Turnkey Unit Interiors
All four units have undergone various stages of renovation, including a comprehensive 2024 remodel of Unit 2 and a 2025 bathroom update in Unit 1, allowing for immediate market-rate rental income.
CONSRISKS & DEFICIENCIES
- Vintage 1960s Construction
Despite extensive system upgrades, the 1964 construction may still present inherent limitations in architectural layout and soundproofing compared to modern multi-family developments.
- Recent Price Correction
The recent price improvement from the original listing suggests the initial valuation was above market expectations, which may indicate a more cautious lending environment for the asset class.
About 3691 Cape Cod Court
Price improvement! This well-maintained fourplex represents a compelling entry point for first-time multifamily investors seeking stable cash flow in a proven rental market. Located in West San Jose's desirable rental corridor, the property offers four spacious units totaling 3,584 square feet on a 7,260 SF lot. Exceptional capital investment totaling over $275,000 since 2013. The owner has methodically upgraded every major building system and unit interior. Most significantly, 2024 saw complete replacement of all plumbing infrastructure including drains, supply lines, and sewer systems. New roof in 2022. Renovated Units: Unit 2 - extensive remodeling in 2024. Unit 4 updated in 2021, Unit 3 in 2017, and Unit 1's townhouse configuration saw kitchen/bath upgrades in 2013 plus recent downstairs bathroom remodel in 2025. Additional improvements include new water heaters, exterior painting, comprehensive termite treatment with tree removal, front post replacement, and new heating systems. Close to downtown Campbell and under three miles from Santana Row and Valley Fair.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 7,260 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,584 | 2,223 | 67% |
| Lot Size | 7,260 | 7,467.5 | 50% |
| Price | $2.05M | $1.64M | 83% |
| Price per sq ft | $571 | $655 | 33% |
| Built year | 1964 | 1962 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 147 | 17% |
Pricing History
Listed for Sale
Feb 15, 2026
$2,048,000
$2,098,000
-2% Price Drop
Initial Listing
Price Change
Jan 5, 2026
$2,098,000
Initial Listing
Sold
Dec 7, 2012
$901,000
Public Record
Sold
Dec 23, 1994
$295,000
Public Record