
San Jose, California 95118
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,600,000—positioned well below the $1,563,828 Fair Market Value by -2%. While the property maintains a Condition Rating of 4, the 3,134 square feet of living space and existing deck and patio features provide a solid foundation for value-add renovations. This asset offers consistent rental income potential in the San Jose Unified district. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5601 Hoffman Court Subject | $1,600,000* List Price | 0 | 0 | 3,134 | $499 | - |
A 1179 Mesa Drive Active Under Contract | $1,588,000 List Price | 0 | 0 | 3,364 | $472 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this quadruplex shows its age with renovations that appear to be 15-25 years old. While the kitchen has been updated with oak cabinetry and stone counters, the bathrooms retain dated 4x4 tiling, and the overall interior (popcorn ceilings, older windows, and mixed flooring) requires modernization to meet current market standards.
As a quadruplex in the high-demand San Jose market, this property offers a robust opportunity for consistent rental income and portfolio diversification.
The current list price of $1.6M is positioned below the most recent sales price of $1.65M, offering immediate value and potential equity for an incoming investor.
With 3,134 square feet of total living space, the units provide ample room for tenants, supporting higher rental rates compared to smaller multi-family configurations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5663, other record lot size in square feet = 6363.
Built in 1962, the property likely requires ongoing maintenance or capital expenditures to modernize systems and maintain competitiveness with newer builds.
The 5,663 square foot lot is relatively small for a four-unit building, which may limit tenant amenities like private outdoor space and off-street parking.
Exceptional opportunity in San Jose. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,134 | 2,559.348 |
| Lot Size | 5,663 | 6,883.043 |
| Price | $1.60M | $1.48M |
| Price per sq ft | $511 | $632 |
| Built year | 1962 | 1963 |
| HOA | $0 | $0 |
| Days on market | 15 | 63 |
Aug 25, 2026
$1,600,000
Initial Listing
Apr 16, 2024
$1,650,000
Public Record
Jan 31, 2005
$757,000
Public Record
May 24, 2002
$704,000
Public Record
Apr 13, 1998
$342,000
Public Record