2985 Walgrove Way Pending Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95128
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,973 sqft
Price per Sqft $490
MLS Listing ID ML82018905
HOA Y/N No
Year Built 1968
Lot Size 9,636 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
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
Interior
Heating Forced Air,Wall Furnace
Flooring Laminate,Tile
Fireplace No
Laundry Coin Operated
Schools
School District Campbell Unified School District,Campbell Unified School District