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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.

Overview

Property Status
Sold
Lot Size
8,498.56 Sq.Ft.
MLS ID
ML81995564
Property Type
Multi-Family
Year Built
1959

Features & Amenities

Total Area
3,000 Sq.Ft.
Stories
2
Water Source
Public
Pool
None
Roof
Composition
Parking
Covered
Heat Type
Wall Furnace
Air Conditioning
None
Appliances
Oven, Range, Refrigerator
Sewer
Public Sewer
Security Features
Security Lights
School District
East Side Union High
Sales Price
$1,700,000
Real Estate Tax
$19,270/yr
Maintenance Fee
$1,000/mo
Zoning
R3

Downloads

51 Jose Figueres AVE

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 51 Jose Figueres Avenue, SAN JOSE, CA 95116

51 Jose Figueres AVE
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  • This is a rare off-market opportunity in a prime San Jose location.

    Amanpreett S Ghotra

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