2985 Walgrove WAY new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95128
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,973 sqft
Price per Sqft $490
MLS Listing ID ML82018905
Bedrooms 8
Full Baths 5
Half Baths 2
Year Built 1968
Lot Size 9,636 Sqft
Property Sub-Type Fourplex
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 Campbell
Zoning RM
Rooms
Kitchen Cooktop - Electric,Countertop - Solid Surface / Corian,Countertop - Stone,Dishwasher,Exhaust Fan,Garbage Disposal,Oven Range - Electric,Refrigerator
Interior
Heating Forced Air,Wall Furnace
Cooling Central AC,Window / Wall Unit
Flooring Carpet,Laminate,Tile
Laundry Coin Operated
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition,Shingle
Building
Story 2
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected,Sewer in Street
Water Public
Others
Special Listing Condition Not Applicable