1360 Lick Avenue

San Jose , CA 95110

MLS#: ML82015763

$1,700,000

Status: Active
Listing number: ML82015763
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 3 days ago
On site: 12 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1979

Sq.Footage

3,786

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Central, Wall Furnace

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Parking

    Carport

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1791

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,700,000

  • Tax Amount

    19436.0

  • Sq. Footage

    3, 786

  • Price/SqFt

    $449

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Santa Clara

Elementary School

Middle School

High School

Listing Courtesy of Jimmy Castellanos , Marcus & Millichap

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(818) 321-0175

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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.

1360 Lick Avenue

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