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.
Details
Type:
Multi-Family/Income Sale
Subdivision: Alum Rock
County: Santa Clara
Security Features: Security Lights
Tax ID: 481-07-013
Annual Taxes: $19,270
School District: East Side Union High
Building Size: 3,000 SqFt
Cap Rate: 4.18%
Gross Rent Multiplier: 14.78
Days on Market: 1
Access Features: None
AltCal ID: ML81995564
Foundation: Crawl Space
Horse Property: No
Kitchen: Countertop - Granite, Oven - Built-In
Number of Buildings: 1
Number of Units: 4
Parking Spaces: 4294967292
Property Type: Commercial Sale
Roof: Composition
Sewer: Sewer - Public
Sub Type: Fourplex
Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
51 Jose Figueres Ave., San Jose, CA 95116
Directions to here from: 155 mi
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Listed by Amanpreett S Ghotra with Pacific Home Brokers
Based on information from the MLSListings MLS) as of 2/27/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
