San Jose, CA95110
| 3786 sqft | MLS# ML82015763
Tract:
For Sale $1,700,000
Description
7.04% Current Cap Rate! Three of the four units have been completely renovated. 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 one spacious 3-bedroom/2-bath unit and three well-designed 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 fully remodeled, and recent property-wide upgrades include new plumbing, new water heaters, updated kitchen and bathroom flooring, and other modern interior improvements, offering a largely turnkey investment with limited deferred maintenance. With an in-place cap rate above 7%, 1360 Lick Ave delivers a rare opportunity to achieve immediate cash flow in a stabilized, central San Jose location.
Facts
| Built in 1979 | Lot Size: 7800.00 sqft | HOA Dues: $0/month
Features
Listing provided by Jimmy Castellanos, Marcus & Millichap
Based on information from California Regional Multiple Listing Service, Inc. as of July 24, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
