
San Jose, California 95128
This four-unit multifamily property represents a High-Potential Investment Opportunity, listed at a List Price of $1,825,000—positioned well below the $1,841,880 Fair Market Value by 0.92%. This valuation gap offers $16,880 in Instant Equity. With a Condition Rating of 4, the asset features copper plumbing and a versatile unit mix, though it requires cosmetic modernization. The property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating asset in a high-demand San Jose location.
Property is moderate renovation needed.
Built in 1964, the property is 60 years old and shows signs of being dated. While the bathroom is functional and appears to have had a mid-life update (approx. 15-20 years ago), the finishes are no longer modern. The presence of copper plumbing is a positive, but the overall age and aesthetic of the units suggest a need for minor repairs and cosmetic modernization.
The property features a rare four-bedroom, two-bathroom unit alongside three two-bedroom units, offering flexibility for an owner-occupier or a high-yield rental strategy.
With four private garages and three additional on-site spaces, the property provides seven total parking spots, a significant competitive advantage in the San Jose rental market.
The building is equipped with copper plumbing and individual meters for gas and electricity, reducing capital expenditure risks and simplifying utility management.
The property is subject to San Jose's Apartment Rental and Tenant Protection Ordinance, which limits rent increases and adds complexity to tenant management.
The owner is responsible for water, sewer, and trash services, which increases monthly overhead and can compress the net operating income compared to properties with utility bill-backs.
This four-unit multifamily property is located in West San Jose and offers a unit mix consisting of one approximately 1,200- square-foot four-bedroom, two-bathroom unit and three approximately 800-square-foot two-bedroom, one-bathroom units. Parking is provided by four private garages and three additional on-site parking spaces. The property also includes a common- area laundry facility with equipment that transfers with the property. Constructed in 1964, the property is improved with a 3,694-square-foot building situated on a 6,534-square-foot lot. The building consists of stucco over wood-frame construction on a concrete perimeter foundation. The building has copper plumbing and a pitched composition shingle roof. Each unit is individually metered for gas and electricity. The owner is responsible for water and sewer service, trash collection, common-area utilities, landscaping, repairs and maintenance, property taxes, and insurance. The property is located in Central/West San Jose with access to retail services, major employment centers, schools, and regional commuter routes. As with all multifamily properties containing three or more rental units in the City of San Jose, the property is subject to the City's Apartment Rental and Tenant Protection Ordinance.
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 | 3,694 | 2,559.348 |
| Lot Size | 6,534 | 6,883.043 |
| Price | $1.82M | $1.48M |
| Price per sq ft | $494 | $632 |
| Built year | 1964 | 1963 |
| HOA | $0 | $0 |
| Days on market | 46 | 63 |
Jul 25, 2026
$1,825,000
Initial Listing
Nov 22, 2011
$680,000
Public Record