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$1,700,000
Est. payment /mo
3,786 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,786 sqft
Price per Sqft $449
MLS Listing ID ML82015763
HOA Y/N No
Year Built 1979
Annual Tax Amount $19,436
Lot Size 7,801 Sqft
Property Sub-Type Quadruplex
Property Description
7.04% Current Cap Rate! All Section 8 renters. Three of the four units have been upgraded. 1360 Lick Avenue presents a rare opportunity to acquire a fourplex community situated on a standalone 7,800 square foot parcel. Built in 1979, the property features an ideal unit mix consisting of two spacious 3-bedroom/2-bath units and two 2-bedroom/1-bath units. The building totals approximately 3,786 square feet and offers covered parking at the rear for tenant convenience. Three of the four units have been remodeled. With a strong in-place cap rate, 1360 Lick Ave delivers a rare opportunity to achieve immediate cash flow in a stabilized, central San Jose location.
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,Shingle
Accessibility Other
Total Parking Spaces 4
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District San Jose Unified
Others
Tax ID 43412085
Special Listing Condition Standard
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Listed by Jimmy Castellanos Marcus & Millichap
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