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Gurpriit Atwal

gatwal@intero.com +1(510) 399-3462

Listed by Jimmy Castellanos • Marcus & Millichap

$ 1,700,000

Est. payment -/mo

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1360 Lick AVE San Jose, CA 95110

10 Beds

6 Baths

3,786 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,786 sqft

Price per Sqft $449

MLS Listing ID ML82015763

Bedrooms 10

Full Baths 6

Year Built 1979

Lot Size 7,800 Sqft

Property Sub-Type Fourplex

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 Central San Jose

Zoning R3

Interior

Heating Central Forced Air, Wall Furnace

Cooling Ceiling Fan, Window / Wall Unit

Exterior

Parking Features Assigned Spaces, Attached Garage, Carport

Garage Spaces 1.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 434-12-085

Security Features Other

Horse Property No

Special Listing Condition Not Applicable