3691 Cape Cod Court, San Jose, California 95117, San Jose, 95117 - 0 bed, 0 bath
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3691 Cape Cod Court
San Jose, California 95117
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,584Sq Ft
7,260Lot Size
Property Price
LIST PRICE$1,845,000
EST. MARKET VALUE
$1,765,652
4% AboveMARKET VALUE
SUMMARY
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,845,000, positioned above the $1,765,653 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, supported by over $275,000 in recent capital improvements, including a 2024 plumbing overhaul and 2022 roof. Located in a prime rental corridor near Santana Row, the asset offers turnkey interiors and significant deferred maintenance mitigation. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow.
Estimated Market Value
$1,765,652
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3691 Cape Cod Court Subject 0 bd · 0 ba · 3,584 sqft · $493 | $1,845,000* List Price | 0 | 0 | 3,584 | $493 | - |
A 3851 Blackford Avenue Sold 0 bd · 0 ba · 4,514 sqft · $443 · 0.8 mi | $2,000,000 | 0 | 0 | 4,514 | $443 | 0.8 mi |
B 3825 Barker Drive Active 0 bd · 0 ba · 3,896 sqft · $391 · 0.5 mi | $1,525,000 List Price | 0 | 0 | 3,896 | $391 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1964 build date, the property has undergone over $275,000 in renovations since 2013. All major systems are in mint condition: plumbing (drains/sewer/supply) replaced in 2024, roof in 2022, and new heating systems installed. Unit interiors have been methodically updated, with the most recent remodels occurring in 2021, 2024, and 2025, placing the effective age of the infrastructure and finishes well within the under-5-year renovation threshold.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Capital Upgrades
With over $275,000 invested since 2013, the property features a 2024 full plumbing overhaul (sewer, supply, and drains) and a 2022 roof, significantly minimizing future deferred maintenance for an investor.
- Prime Rental Location
Situated in a highly desirable West San Jose corridor near Santana Row, Valley Fair, and Downtown Campbell, the property is positioned to attract high-quality tenants and maintain low vacancy rates.
- Turnkey Unit Interiors
All four units have been methodically renovated between 2013 and 2025, including a spacious townhouse-style unit, offering modern living spaces that command competitive market rents.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
The property has remained active for 274 days, which may suggest a disconnect between the initial pricing strategy and current buyer demand for multifamily assets in this submarket.
- Significant Price Volatility
Multiple price reductions from the original $2.098M list price down to $1.845M indicate a struggle to find market equilibrium, potentially impacting perceived value for new prospects.
About 3691 Cape Cod Court
***Seller Offering Flexible Credit at Closing*** 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. Ideal opportunity for an investor looking to upgrade or for the first time investor.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 7,260 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,584 | 2,404.563 |
| Lot Size | 7,260 | 6,807.656 |
| Price | $1.84M | $1.42M |
| Price per sq ft | $515 | $613 |
| Built year | 1964 | 1962 |
| HOA | $0 | $0 |
| Days on market | 292 | 72 |
Pricing History
Listed for Sale
Oct 6, 2026
$1,845,000
$1,880,000
-2% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$1,880,000
$1,948,000
-3% Price Drop
Initial Listing
Price Change
May 8, 2026
$1,948,000
$1,998,000
-3% Price Drop
Initial Listing
Price Change
Mar 29, 2026
$1,998,000
$2,048,000
-2% Price Drop
Initial Listing
Price Change
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