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2985 Walgrove Way, San Jose, CA 95128

Sqft
3,973

View property features, location on map, relevant school information and overview from seller's agent.

Listed bySiliconValley MultiFamilyGroup
  • 2
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
3,973
Lot size (acres)
0.22
Year built
1968

Utilities

Heating
Forced air, Wall furnace
Cooling
Central air, Wall/window unit(s)
Water
Public

Estimated monthly costs

Insurance
$2,317

Taxes

Tax Annual Amount
$25,472

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MLSListings (California) MLS®#: ML82018905 Last checked:

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