6.10% Current Cap Rate! Completely re-built in 2022! Nestled in the heart of San Jose, 1346 Lick Avenue presents a rare opportunity to acquire a newly built fourplex on a 7,800 square foot lot. Built in 1979 and then rebuilt in 2022, totaling approximately 3,768 square feet, the property offers an ideal unit mix comprising one spacious 3-bedroom/2-bath unit and three well-designed 2-bedroom units. Three of the four units have in-unit washers and dryers. What is especially compelling about this offering is the in-place cap rate over 6%, a rare profile in today’s residential income market.
Property Details
Price:
$1,800,000
MLS #:
ML82015769
Status:
Active
Baths:
0
Address:
1346 Lick Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Jul 24, 2025
State:
CA
ZIP:
95110
Lot Size:
7,800 sqft / 0.18 acres (approx)
Year Built:
1979
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Schools
Interior
Accessibility Features
Other
Cooling
Wall/ Window Unit(s)
Heating
Central, Wall Furnace
Exterior
Foundation Details
Concrete Perimeter
Garage Spaces
1.00
Parking Features
Carport
Parking Spots
4.00
Roof
Composition
Sewer
Public Sewer
Water Source
Public
Financial
Taxes
$20,579
Map
Community
- Address1346 Lick Avenue San Jose CA
- Area699 – Not Defined
- CitySan Jose
- CountySanta Clara
- Zip Code95110
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1346 Lick Avenue
San Jose, CA
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