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.
Property Details
Price:
$1,749,000
MLS #:
ML81995564
Status:
Active Under Contract
Baths:
0
Address:
51 Jose Figueres Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Feb 26, 2025
State:
CA
ZIP:
95116
Lot Size:
8,500 sqft / 0.20 acres (approx)
Year Built:
1959
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Schools
Interior
Accessibility Features
None
Cooling
None
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Covered
Parking Spots
-4.00
Roof
Composition
Security Features
Security Lights
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Taxes
$19,270
Map
Community
- Address51 Jose Figueres Avenue San Jose CA
- Area699 – Not Defined
- CitySan Jose
- CountySanta Clara
- Zip Code95116
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51 Jose Figueres Avenue
San Jose, CA
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