Bought with Jairo Arreola • Real Brokerage Technologies
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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,786 sqft
Price per Sqft $475
MLS Listing ID ML82015763
Sold Date 08/12/25
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
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