855 Jeanne Avenue, San Jose, California 95116, San Jose, 95116 - 0 bed, 0 bath
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San Jose, California 95116
This Value-Add Quadruplex Asset is listed at $1,388,888, positioned near its $1,305,514 Fair Market Value. With a Condition Rating of 5, the property requires a full interior rehab to address systemic obsolescence and modernize the 1959 infrastructure. However, the uniform mix of four 2-bedroom, 1-bathroom units offers a projected annual income exceeding $100,000, ensuring a strong revenue stream post-renovation. Located in a high-demand San Jose corridor near Little Saigon, this property is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking long-term appreciation and forced equity through modernization.
Property is extensive renovation needed.
Built in 1959 with no evidence of major renovations in the last 30-50 years. The kitchen features dated cabinetry and appliances, and the bathroom shows aging fixtures and tile work. The property appears functional but requires a full interior rehab to address significant cosmetic and likely systemic obsolescence.
With a projected annual income exceeding $100,000, this quadruplex offers a strong cap rate and significant cash flow opportunities for seasoned investors.
The property features four consistent 2-bedroom, 1-bathroom units, which are highly sought after by a wide tenant demographic and simplify long-term property management.
Situated near Little Saigon and major freeways, the property ensures high tenant demand and low vacancy rates due to its excellent accessibility to dining and employment hubs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4791, other record lot size in square feet = 5000.
The relatively small 4,791 sqft lot for a four-unit building likely results in restricted on-site parking and minimal private outdoor space for residents.
Built in 1959, the property may require significant capital expenditures for modernizing aging systems or deferred maintenance to remain competitive in the San Jose market.
Rare opportunity to own a true 4-plex with income potential over 100k per year! This property features four units, each offering 2 bedrooms and 1 bathroom, ideal for strong rental income and long-term appreciation. Conveniently located near multiple parks, vibrant Little Saigon, and Happy Hollow Park & Zoo, the property provides excellent access to dining, shopping, and entertainment, along with quick and easy freeway access for commuters. Opportunities like this don't come around often. Don't miss your chance to own a versatile, income-producing property in a sought-after 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 | 2,815 | 2,552 |
| Lot Size | 4,791 | 7,370 |
| Price | $1.39M | $1.54M |
| Price per sq ft | $493 | $655 |
| Built year | 1959 | 1961 |
| HOA | $0 | $0 |
| Days on market | 124 | 50 |
Apr 23, 2026
$1,388,888
$1,488,888
-7% Price Drop
Initial Listing
Mar 20, 2026
$1,488,888
Initial Listing
Aug 5, 2009
$400,000
Public Record
Nov 29, 2006
$789,000
Public Record
Nov 7, 2002
$600,000
Public Record
Jan 16, 1998
$235,000
Public Record