CA > San Jose
San Jose, CA 95128,2985 Walgrove WAY
San Jose, CA 95128,2985 Walgrove WAY
San Jose, CA 95128,2985 Walgrove WAY
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Beverly & Hector Team

Beverly & Hector Team

+1(626) 922-9910
$1,950,000
Est. payment /mo
3,973 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

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 SB721 compliant and 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

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CRMLS – RECore
Listed by Michael Shields SiliconValley MultiFamilyGroup
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+1(626) 922-9910

team@bh-realtor.com

1411 S Diamond Bar Blvd, Diamond Bar, CA, 91765, USA

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