3691 Cape Cod Court, San Jose, California 95117, San Jose, 95117 - 0 bed, 0 bath
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San Jose, California 95117
This Turnkey Multi-Family Asset is a Prime Investment Opportunity listed at $1,998,000, representing a stable acquisition at its $1,998,000 Fair Market Value. The property features a Condition Rating of 3 following $275,000 in capital improvements, including a 2024 full plumbing replacement, 2022 roof, and new heating systems. Located in a high-demand West San Jose rental corridor near Santana Row, the fourplex offers immediate cash flow with minimal deferred maintenance. This asset, complete with a $10,000 buyer credit, is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3691 Cape Cod Court Subject | $1,998,000* List Price | 0 | 0 | 3,584 | $557 | - |
A 1112 Nottingham Place Sold | $1,550,000 | 0 | 0 | 2,372 | $653 | 0.3 mi |
B 1106 Boynton Avenue Active | $1,595,000 List Price | 0 | 0 | 2,210 | $722 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1964 fourplex that has received over $275,000 in capital improvements since 2013. Major systems are in excellent shape, including a new roof (2022), complete plumbing replacement (2024), and new heating systems. Interior conditions vary by unit but are generally high-quality; Unit 2 features a modern 2024 remodel with grey shaker cabinets and quartz-style countertops, while other units have been updated between 2017 and 2025. While some common areas and bathrooms retain older tile work and utilitarian finishes, the property is move-in ready with no immediate major deferred maintenance.
With over $275,000 in upgrades since 2013, including a full plumbing replacement in 2024 and a new roof in 2022, the property offers significantly reduced immediate capital expenditure for a new owner.
Located in a desirable West San Jose rental corridor near Santana Row and downtown Campbell, the property is positioned to attract high-quality tenants and maintain low vacancy rates.
The property is offered with Section 1 clearance, a $10,000 buyer credit toward closing costs, and recent unit renovations, making it an ideal candidate for a 1031 exchange.
The property has been active for over 100 days with multiple price reductions, which may indicate initial overpricing or a slower absorption rate for multi-family assets in this specific price point.
Despite comprehensive system upgrades, the 1964 construction may still possess inherent era-specific limitations regarding floor plans and overall density compared to modern multi-family developments.
Price reduced! This well-maintained fourplex provides and excellent 1031 exchange opportunity for an investor interested in upgrading from a single family home into a multifamily property. 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 interiors. 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. Section 1 clearance provided before close and a $10,000 credit to buyer toward closing costs. Ideal opportunity for an investor looking to upgrade or for the first time investor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,584 | 2,372 | 67% |
| Lot Size | 7,260 | 7,260 | 50% |
| Price | $2.00M | $1.55M | 67% |
| Price per sq ft | $557 | $653 | 33% |
| Built year | 1964 | 1962 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 138 | 33% |
Mar 29, 2026
$1,998,000
$2,048,000
-2% Price Drop
Initial Listing
Feb 15, 2026
$2,048,000
$2,098,000
-2% Price Drop
Initial Listing
Jan 5, 2026
$2,098,000
Initial Listing
Dec 7, 2012
$901,000
Public Record
Dec 23, 1994
$295,000
Public Record