51 Jose Figueres AVE, San Jose, CA 95116
- $1,700,000
- 8
- BD
- 3,000
- SqFt
Listed by Amanpreett S Ghotra, 669-679-1555 from Pacific Home Brokers
(If provided) CoList: from
Sold listing courtesy of Jayanta Samanta from SWRR01
- Sold Price
- $1,700,000
- List Price
- $1,749,000
- Closing Date
- Apr 04, 2025
- MLS#
- ML81995564
- Status
- SOLD
- Zoning
- R3
- Sqft. of Residence
- 3,000
- Lot Size
- 8,500
- Listing Area
- Alum Rock
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.
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Additional Information
- Acres
- 0.20
- Age
- 66
- Cooling System
- None
- Foundation
- Crawl Space
- Garage Parking
- Covered Parking
- Heating System
- Wall Furnace
- Living Area
- 3,000
- Lot Size
- 8,500
- Neighborhood
- Alum Rock
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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