513 Kiely Boulevard, San Jose, California 95117, San Jose, 95117 - bed, bath
ACTIVE$2,200,000
513 Kiely Boulevard, San Jose, California 95117
0Bed
0Bath
4,040Sqft
9,585Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a quadruplex (fourplex), this property offers significant rental income potential and diversified investment, appealing to investors seeking steady cash flow.
Top Cons:
Property Age: Built in 1971, the property is over 50 years old, which may indicate dated systems (plumbing, electrical, HVAC) and potentially higher future maintenance or upgrade costs.
Compared to the nearby listings
Price:$2.20M vs avg $1.68M (+$525,000)86%
Size:4,040 sqft vs avg 2,880 sqft86%
Price/sqft:$545 vs avg $52057%
More Insights
Built in 1971 (54 years old).
Condition: The property was built in 1971, making it 53 years old. The exterior images reveal a dated facade with stone veneer and older windows, consistent with its age. The roof appears to be asphalt shingles, showing some wear, and the presence of multiple satellite dishes and an antenna suggests older infrastructure. Crucially, there are no interior images provided, which strongly implies that the kitchen, bathrooms, and other interior components are likely in original or significantly outdated condition, requiring substantial renovation. While the listing states 'Turnkey Income Property!', this likely refers to its income-generating status rather than its physical condition. Given its age and the lack of visible updates, major systems and interior finishes are highly probable to be at or past their typical lifespan, necessitating significant repairs and rehabilitation to meet modern standards or even basic comfort.
Year Built
1971
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$545
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008438
Home ConditionPoor
Features
ViewNone
About this home
Fantastic Fourplex in Prime Location Turnkey Income Property!
Condition Rating
Poor
The property was built in 1971, making it 53 years old. The exterior images reveal a dated facade with stone veneer and older windows, consistent with its age. The roof appears to be asphalt shingles, showing some wear, and the presence of multiple satellite dishes and an antenna suggests older infrastructure. Crucially, there are no interior images provided, which strongly implies that the kitchen, bathrooms, and other interior components are likely in original or significantly outdated condition, requiring substantial renovation. While the listing states 'Turnkey Income Property!', this likely refers to its income-generating status rather than its physical condition. Given its age and the lack of visible updates, major systems and interior finishes are highly probable to be at or past their typical lifespan, necessitating significant repairs and rehabilitation to meet modern standards or even basic comfort.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex (fourplex), this property offers significant rental income potential and diversified investment, appealing to investors seeking steady cash flow.
Prime San Jose Location: Situated in San Jose, a highly desirable and competitive real estate market, the property benefits from strong tenant demand and potential for long-term appreciation.
Turnkey Condition: Described as a 'Turnkey Income Property,' it suggests the units are ready for immediate occupancy and rental, minimizing initial landlord effort and capital expenditure.
Substantial Square Footage: With a total of 4040 sqft across its four units, the property offers generous living space, which can attract a wider range of tenants and command competitive rents.
Generous Lot Size: The 9585 sqft lot provides ample outdoor space for tenants or potential for future property enhancements or development, subject to local zoning regulations.
Cons
Property Age: Built in 1971, the property is over 50 years old, which may indicate dated systems (plumbing, electrical, HVAC) and potentially higher future maintenance or upgrade costs.
Lack of Distinctive View: The property explicitly states 'view: None,' meaning it does not offer any unique or desirable scenic views, which can be a value-add for comparable properties in the area.
Unspecified School District: The high school district is listed as 'Other,' which might not appeal to families prioritizing specific, highly-rated school zones, potentially limiting a segment of the tenant or buyer pool.