464 Lewis Road, San Jose, California 95111, San Jose, 95111 - 0 bed, 0 bath
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San Jose, California 95111
This Quadruplex Asset presents a High-Potential Investment Opportunity with a List Price of $1,550,000, aligning with its $1,550,000 Fair Market Value. Following a substantial $230,000 price reduction, this property offers a strategic entry point into the San Jose multifamily market. The four 2-bedroom units carry a Poor Condition Rating, signaling significant upside through modernization and market-rate adjustments. Located near major Silicon Valley employers, the property ensures consistent demand and long-term stability. This asset is a strategic acquisition for Buy-and-Hold Investors or Seasoned Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 464 Lewis Road Subject | $1,550,000* List Price | 0 | 0 | 3,328 | $466 | - |
A 450 Lewis Road Active Under Contract | $1,550,000 List Price | 0 | 0 | 3,328 | $466 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property is explicitly described as needing 'TLC' and having 'deferred maintenance.' While the exterior and grounds appear functional and the units are fully occupied, the age of the building and the agent's notes suggest that the kitchens, bathrooms, and major systems are likely outdated and require modernization to meet current market standards.
This fully rented quadruplex features long-term tenants and significant upside potential in rental rates, providing immediate cash flow and long-term value appreciation.
The property is situated in a high-demand area near major Silicon Valley employers, public transit, and shopping, ensuring consistently low vacancy rates.
With a substantial price reduction of over $200,000 from the original list price and a motivated seller, this represents a highly competitive entry point for multifamily investors.
The property is noted to need 'TLC' and repairs, which will require additional upfront capital investment to address condition issues and modernize the units.
Being part of a privately managed HOA involves monthly fees and may limit the owner's autonomy regarding property management and exterior improvements compared to independent buildings.
Motivated seller. Submit an offer subject to inspection. Fully rented 4-unit investment opportunity with upside potential. The property needs some TLC, but it is located in an area with consistent rental demand, long-term tenants, and room to grow profits. Property Highlights Unit Configuration: Four 2-bedroom, 1-bath units, ideal for investors and possible owner-occupant interest, subject to current tenancy. Well-Maintained Community: Privately managed HOA with clean, well-kept grounds, assigned carports, additional parking, and a shared laundry facility. Prime Convenience: Close to major employers, shopping, dining, schools, churches, and public transit, making it attractive for tenants and supportive of strong occupancy. This property is a solid investment opportunity for seasoned investors or first-time buyers entering the multifamily market.
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 | 3,328 | 3,328 | 50% |
| Lot Size | 9,945 | 9,945 | 50% |
| Price | $1.55M | $1.43M | 67% |
| Price per sq ft | $466 | $466 | 50% |
| Built year | 1962 | 1962 | 50% |
| HOA | $108.0 | $108 | 50% |
| Days on market | 78 | 78 | 67% |
Mar 22, 2026
$1,550,000
Initial Listing
Mar 20, 2026
$1,780,000
Initial Listing
Feb 17, 2021
$375,000
Public Record