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Turnkey fourplex in desirable West San Jose offers strong investment potential with a balanced unit mix: one 3BR/2BA, two 2BR/1.5BA, and one 1BR/1BA unit. The three larger units feature HVAC systems while the smaller unit has window A/C and a wall heater. Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and includes 12 parking spaces (6 covered, 6 open) plus shared laundry generating approximately $250 monthly in additional income. The property generates $113,904 in annual gross income with a 3.48% cap rate and 16.68 gross rent multiplier. Located just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, it offers excellent access to I-280, Highway 17, and San Tomas Expressway, plus proximity to top-rated schools within one mile. San Jose's tech-driven economy continues to support strong rental demand despite recent sector adjustments. With vacancy rates at just 3.8%, rent growth at 2.7%, and high home prices keeping buyers in the rental market, multifamily properties are well-positioned for long-term appreciation and income growth. The property is SB721 compliant and subject to San Jose's Apartment Rent Ordinance and Tenant Protection Ordinance.
| LAST UPDATED | 8/21/2025 | YEAR BUILT | 1968 |
|---|---|---|---|
| COUNTY | Santa Clara | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Castlemont Elementary |
|---|---|
| Jr. High School | Monroe Middle |
| High School | Del Mar High |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher, Disposal, Electric Cooktop, Electric Range, Exhaust Fan, Oven, Range, Refrigerator |
| CONSTRUCTION | Frame |
| HEAT | Forced Air, Wall Furnace |
| LOT | 9635 sq ft |
| LOT DIMENSIONS | 9636.00 |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| TAXES | 25472 |
| WATER | Public |
| ZONING | RM |
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 8/26/25 5:08 PM PDT. 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.
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This IDX solution is (c) Diverse Solutions 2025.
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