Homes for sale - 2985 Walgrove WAY, San Jose, CA 95128

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Rachell Lara

rachell@laraandco.com +1(619) 316-7445

$ 1,950,000

Est. payment | -/mo

3,973 SqFt

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$ 1,950,000

Est. payment | -/mo

Save

3,973 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,973 sqft

Price per Sqft $490

MLS Listing ID ML82018905

HOA Y/N No

Year Built 1968

Annual Tax Amount $25,472

Lot Size 9,635 Sqft

Property Sub-Type Quadruplex

Property Description

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 subject to San Jose's Apartment Rent Ordinance and Tenant Protection Ordinance.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM

Interior

Heating Forced Air, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Fireplace No

Appliance Dishwasher, Electric Cooktop, Disposal, Refrigerator, Vented Exhaust Fan

Exterior

Parking Features Carport

Carport Spaces 6

View Y/N No

Roof Type Composition,Shingle

Accessibility None

Building

Story 2

Water Public

Schools

Elementary Schools Other

Middle Schools Monroe

High Schools Del Mar

School District Other

Others

Tax ID 27914004

Special Listing Condition Standard

Listed by Michael Shields SiliconValley MultiFamilyGroup

+1(619) 316-7445

rachell@laraandco.com

1420 Kettner Blvd. # 100, Diego, CA, 92101, USA

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