9
See all 9 photos
$1,749,000
Est. payment /mo
Active Under Contract
51 Jose Figueres AVE San Jose, CA 95116
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $583
MLS Listing ID ML81995564
HOA Y/N No
Year Built 1959
Annual Tax Amount $19,270
Lot Size 8,498 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
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Covered
Carport Spaces 4
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces -4
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 48107013
Security Features Security Lights
Acceptable Financing FHA, VA Loan
Listing Terms FHA, VA Loan
Special Listing Condition Standard
Listed by Amanpreett S Ghotra • Pacific Home Brokers