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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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088
Listed by Michael Shields • SiliconValley MultiFamilyGroup
$1,950,000
Est. payment /mo
8 Beds
6 Baths
3,973 SqFt
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UPDATED:

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

Level or Stories 2

Others

Tax ID 279-14-004

Miscellaneous None

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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agent

Eddie Oberoi

+1(408) 771-4088

Agent | License ID: 01323567

Agent License ID: 01323567

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2985 Walgrove WAY