
San Jose, California 95118
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,700,000—positioned well above the $1,450,856 Fair Market Value by -17%. While the pricing reflects a premium, the property offers robust income potential through four units, central HVAC, and a 4-car garage. With a Condition Rating of 4, the interior requires cosmetic updates to maximize rental yields. Located in the San Jose Unified school district, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5601 Hoffman Court Subject 0 bd · 0 ba · 3,134 sqft · $463 | $1,700,000* List Price | 0 | 0 | 3,134 | $463 | - |
A 1369 Stanwood Drive Sold 0 bd · 0 ba · 3,978 sqft · $390 · 0.4 mi | $1,550,000 | 0 | 0 | 3,978 | $390 | 0.4 mi |
B 1385 Stanwood Drive Sold 0 bd · 0 ba · 3,978 sqft · $455 · 0.5 mi | $1,810,000 | 0 | 0 | 3,978 | $455 | 0.5 mi |
C 1179 Mesa Drive Pending 0 bd · 0 ba · 3,364 sqft · $472 · 0.2 mi | $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 property is well over 50 years old but has undergone partial renovations likely 15-25 years ago, including tile flooring and updated kitchen cabinetry. While it features functional systems like central HVAC and a modern subpanel, the interior finishes are dated and the overall aesthetic requires cosmetic updates to meet modern standards.
As a quadruplex, this property offers a robust investment opportunity with four separate units, providing diversified rental income streams in a high-demand San Jose market.
The inclusion of central air conditioning and forced air heating is a significant value-add for a 1960s build, enhancing tenant comfort and justifying premium rental rates.
The property features a spacious 4-car garage, providing essential dedicated parking that is often a scarcity in multi-family residential areas.
The 6,363 square foot lot is relatively compact for a four-unit building, leaving little room for private outdoor amenities or additional development like ADUs.
Dating back to 1962, the property may necessitate higher maintenance budgets for aging systems and infrastructure compared to newer residential income assets.
This property in San Jose offers 3,134 square feet of living space with central AC and central forced air gas heating for year-round comfort. The home includes coin-operated laundry facilities and a spacious 4-car garage. It is located within the San Jose Unified elementary school district. The combination of ample space, laundry amenities, and convenient location makes this residence a practical choice in the San Jose 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 | 2,404.563 |
| Lot Size | 6,363 | 6,807.656 |
| Price | $1.70M | $1.42M |
| Price per sq ft | $542 | $613 |
| Built year | 1962 | 1962 |
| HOA | $0 | $0 |
| Days on market | 12 | 72 |
Oct 13, 2026
$1,700,000
Initial Listing
Oct 12, 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