
San Jose, California 95118
This High-Potential Investment Opportunity is a 4-unit residential income asset listed at $1,590,000. While the property is priced above the $1,400,165 Fair Market Value, it offers a stable, high-demand rental profile in a prime location. Featuring a 4-unit configuration with private garages and a Fair Condition Rating, the property provides immediate rental income with significant upside through modernization. Its proximity to major retail hubs ensures consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5747 Almaden Rd Subject 0 bd · 0 ba · 3,200 sqft · $438 | $1,590,000* List Price | 0 | 0 | 3,200 | $438 | - |
A 1369 Stanwood Drive Sold 0 bd · 0 ba · 3,978 sqft · $390 · 0.7 mi | $1,550,000 | 0 | 0 | 3,978 | $390 | 0.7 mi |
B 1385 Stanwood Drive Sold 0 bd · 0 ba · 3,978 sqft · $455 · 0.8 mi | $1,810,000 | 0 | 0 | 3,978 | $455 | 0.8 mi |
C 5718 Tucson Drive Active 0 bd · 0 ba · 3,364 sqft · $535 · 0.1 mi | $1,799,888 List Price | 0 | 0 | 3,364 | $535 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old. While it features some cosmetic updates such as laminate flooring and vinyl windows, the presence of dated wall heaters and the 'as-is' sale condition suggest that kitchens, bathrooms, and primary systems likely exceed the 20-year mark and require modernization.
Situated directly across from Almaden Plaza and near Whole Foods, the property offers exceptional walkability to major retailers like Costco and Trader Joe's, ensuring high tenant demand.
The four-unit configuration consists entirely of 2-bedroom, 1-bathroom layouts, which are highly sought after in the rental market for their versatility and consistent occupancy rates.
Each unit features a private enclosed garage plus an assigned driveway space, a significant competitive advantage that adds value for tenants in a high-density area.
The property is being sold in its current condition, which may necessitate immediate capital expenditures for repairs or modernization to achieve maximum market rents.
Built in 1963, the building may require updates to major systems such as plumbing or electrical to meet modern standards and reduce long-term maintenance costs.
Exceptional 4-Unit Investment Opportunity in Prime Location Property Highlights: Ideal Unit Mix: Four spacious 2-bedroom, 1-bathroom units (approx. 800 sq. ft. each), offering the most versatile and highly sought-after layout for consistent tenant demand. Ample Parking & Storage: Each unit includes a private single-car enclosed garage plus an assigned driveway space, with additional street parking available along Almaden Road. Unbeatable Walkability & Amenities: Situated on a convenient frontage road directly across from Almaden Plaza (Costco, Trader Joe’s, TJ Maxx, Ross) and within easy walking distance to the Whole Foods Shopping Center (Peet’s Coffee, Chick-fil-A, Chipotle). Easy access to Almaden Expressway. All units are rented with upside Potential: Strong current rental income with room for rent appreciation in a high-demand, low-vacancy submarket. Property sold AS-IS.
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 | 3,200 | 2,404.563 |
| Lot Size | 7,560 | 6,807.656 |
| Price | $1.59M | $1.42M |
| Price per sq ft | $497 | $613 |
| Built year | 1963 | 1962 |
| HOA | $0 | $0 |
| Days on market | 8 | 72 |
Oct 16, 2026
$1,590,000
Initial Listing
May 19, 2021
$1,500,000
Public Record
Mar 30, 2005
$750,000
Public Record
Aug 11, 1999
$475,000
Public Record
Jun 5, 1998
$360,000
Public Record