520522 Madera Avenue, San Jose, California 95112, San Jose, 95112 - bed, bath
ACTIVE$1,399,000
520522 Madera Avenue, San Jose, California 95112
0Bed
0Bath
3,468Sqft
8,736Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Generation: Positioned as a 'Cash Cow' with 'Long Term Tenants' providing stable, immediate cash flow, making it an attractive investment.
Top Cons:
Advanced Age of Property: Built in 1922, the property may have inherent challenges related to aging infrastructure, requiring ongoing maintenance and potential future capital expenditures despite recent efforts.
Compared to the nearby listings
Price:$1.40M vs avg $1.02M (+$374,000)89%
Size:3,468 sqft vs avg 1,596 sqft89%
Price/sqft:$403 vs avg $57022%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property's age places it in a category requiring ongoing attention. While the exterior appears well-maintained, the kitchen, though functional, features dated light wood cabinets, speckled countertops, and older white appliances (range, microwave), suggesting a renovation that occurred 15-25 years ago. The flooring also appears dated. There's no specific information on recent major system updates (electrical, plumbing, HVAC) for a property of this age. It is livable and maintained, but requires minor updates to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Year Built
1922
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024732
Home ConditionFair
Features
View-
About this home
This Cash Cow Is Ready for The New Owner. Long Term Tenants Create Stability While Presenting an Opportunity for Upside Potential. Current Owner is Doing Work to Make This a Low Maintenance Investment! Make This Property Work For You! Price is Very Attractive & Property has Many Options!
Condition Rating
Fair
Built in 1922, this property's age places it in a category requiring ongoing attention. While the exterior appears well-maintained, the kitchen, though functional, features dated light wood cabinets, speckled countertops, and older white appliances (range, microwave), suggesting a renovation that occurred 15-25 years ago. The flooring also appears dated. There's no specific information on recent major system updates (electrical, plumbing, HVAC) for a property of this age. It is livable and maintained, but requires minor updates to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Income Generation: Positioned as a 'Cash Cow' with 'Long Term Tenants' providing stable, immediate cash flow, making it an attractive investment.
Quadruplex Configuration: As a quadruplex, it offers diversified income streams and higher rental yield potential compared to smaller multi-family properties.
Upside Potential: The description highlights 'Upside Potential' and 'Many Options,' suggesting opportunities for rent optimization, property value appreciation, or future development.
Strategic San Jose Location: Situated in San Jose, a high-demand market with robust economic growth, ensuring strong rental demand and property value stability.
Owner-Initiated Maintenance: The current owner is 'Doing Work to Make This a Low Maintenance Investment,' which can reduce immediate capital expenditure for the new buyer.
Cons
Advanced Age of Property: Built in 1922, the property may have inherent challenges related to aging infrastructure, requiring ongoing maintenance and potential future capital expenditures despite recent efforts.
Lack of Detailed Renovation Scope: While work is being done, the absence of specific details on completed upgrades or system replacements creates uncertainty regarding the extent and quality of improvements.
Tenant Management Demands: Managing four units and potentially long-term tenants (who may have established below-market rents) requires significant landlord experience and effort to maximize profitability.