Bought with Jayanta Samanta • Intero Real Estate Services
$1,700,000
$1,749,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
51 Jose Figueres Avenue San Jose, CA 95116
3,000 SqFt
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $566
MLS Listing ID ML81995564
Sold Date 04/04/25
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1959
Lot Size 8,500 Sqft
Property Sub-Type Quadruplex
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
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Building
Water Public
Schools
School District East Side Union High, San Jose Unified
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