1346 Lick AVE new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95110
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,768 sqft
Price per Sqft $477
MLS Listing ID ML82015769
HOA Y/N No
Year Built 1979
Annual Tax Amount $20,579
Lot Size 7,801 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Central,Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Garage Spaces 1.0
Carport Spaces 3
Garage Description 1.0
View Y/N No
Roof Type Composition
Accessibility Other
Total Parking Spaces 4
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Willow Glen
High Schools Willow Glen
School District San Jose Unified
Others
Tax ID 43412086
Special Listing Condition Standard