This turnkey four-unit multifamily investment property in San Jose, CA, is an excellent opportunity in a high-demand rental market. The fully leased property generates a strong gross annual rental income of $118,336. It consists of four spacious 2-bedroom, 1-bath units, each approximately 750 square feet, with three of the four units already updated. The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,978 to $2,600 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. This is a rare off-market opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants.
Sold for $1,700,000
$1,700,000
51 Jose Figueres Ave, San Jose, CA 95116
8beds
4baths
3,000sqft
Quadruplex, Residential Income
Built in 1959
-- sqft lot
$1,639,800 Zestimate®
$567/sqft
$2,598 Estimated rent
Home value
$1,639,800
$1.49M - $1.80M
$2,598/mo
Zestimate® history
Owner options
List your home for rent
$2,598/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,598/mo
Rent Zestimate®
Refinance and save
$10,780/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$10,780/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Amanpreett S Ghotra 02010135 669-679-1555,
Pacific Home Brokers 858-451-4663
Bought with:
Jayanta Samanta, 02035130
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML81995564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Kitchen
- Features: Countertop_Granite
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Built In Oven
Features
- Doors: None
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 4
- Parking features: Covered
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 8,500 Square Feet
Details
- Parcel number: 48107013
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $1,352,520
- Annual tax amount: $19,270
- Date on market: 2/26/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: FHA, VALoan, CashorConventionalLoan
- Inclusions: Building, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Sold | $1,700,000-2.8%$567/sqft |
Source:  MLSListings Inc #ML81995564 Report a problem | ||
| 2/26/2025 | Contingent | $1,749,000$583/sqft |
Source: MLSListings Inc #ML81995564 Report a problem | ||
| 2/26/2025 | Listed for sale | $1,749,000+58.9%$583/sqft |
Source: MLSListings Inc #ML81995564 Report a problem | ||
| 9/8/2022 | Sold | $1,100,500$367/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,647 +2% | $1,352,520 +2% |
| 2024 | $19,270 -4.7% | $1,326,000 +2% |
| 2023 | $20,221 +518.2% | $1,300,000 +1357.3% |
| 2022 | $3,271 +5.2% | $89,206 +2% |
| 2021 | $3,108 -54.8% | $87,458 +1% |
| 2020 | $6,878 | $86,562 +2% |
| 2019 | $6,878 -68% | $84,866 +2% |
| 2018 | $21,517 | $83,203 +2% |
| 2017 | $21,517 +639% | $81,573 +2% |
| 2016 | $2,912 -45.2% | $79,975 +1.5% |
| 2015 | $5,309 -50% | $78,775 +2% |
| 2014 | $10,623 | $77,233 +0.5% |
| 2013 | -- | $76,885 +2% |
| 2012 | -- | $75,378 +2% |
| 2011 | -- | $73,901 +0.8% |
| 2010 | -- | $73,350 -0.2% |
| 2009 | -- | $73,525 +2% |
| 2008 | -- | $72,084 +2% |
| 2007 | -- | $70,672 +2% |
| 2006 | -- | $69,288 +2% |
| 2005 | -- | $67,930 +2% |
| 2004 | -- | $66,599 +1.9% |
| 2003 | -- | $65,379 +2% |
| 2002 | -- | $64,098 +2% |
| 2001 | -- | $62,842 |
Find assessor info on the county website
Neighborhood: North Valley
Nearby homes
- $--2 bd1 ba750 sqft51 Jose Figueres Ave #2, San Jose, CA 95116Off Market
- $--2 bd1 ba750 sqft51 Jose Figueres Ave #3, San Jose, CA 95116Off Market
- $--2 bd1 ba750 sqft51 Jose Figueres Ave UNIT 4, San Jose, CA 95116Off Market
- $313,0001 bd1 ba500 sqft21 Jose Figueres Ave, San Jose, CA 95116Off Market
- $656,7002 bd1 ba750 sqft47 Jose Figueres Ave APT 2, San Jose, CA 95116Off Market
- $--2 bd1 ba750 sqft47 Jose Figueres Ave APT 1, San Jose, CA 95116Off Market
- $1,246,300-- bd-- ba3k sqft39 Jose Figueres Ave, San Jose, CA 95116Off Market
- $--2 bd1 ba750 sqft39 Jose Figueres Ave #41, San Jose, CA 95116Off Market
Nearby schools
GreatSchools rating
- 2/10San Antonio Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Renaissance At MathsonGrades: 6-8Distance: 0.5 mi
- 6/10Independence High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,639,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,639,800
- California
- Santa Clara County
- San Jose
- 95116
- North Valley
- 51 Jose Figueres Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other San Jose Topics
