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Listed by Amanpreett S Ghotra • Pacific Home Brokers
$1,749,000
Est. payment /mo
8 Beds
4 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $583
MLS Listing ID ML81995564
Bedrooms 8
Full Baths 4
Year Built 1959
Lot Size 8,500 Sqft
Property Sub-Type Fourplex
Property Description
This turnkey four-unit multifamily investment property in San Jose, CA, is an excellent opportunity in a high-demand rental market. The fully leased property generates a strong gross annual rental income of $118,336. It consists of four spacious 2-bedroom, 1-bath units, each approximately 750 square feet, with three of the four units already updated. The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,978 to $2,600 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. This is a rare off-market opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants.
Location
State CA
County Santa Clara
Area Alum Rock
Zoning R3
Rooms
Kitchen Countertop - Granite, Oven - Built-In
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Story 2
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 481-07-013
Security Features Security Lights
Horse Property No
Special Listing Condition Not Applicable
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