2985 Walgrove WAY, San Jose, CA 95128
- $1,950,000
- 8
- BD
- 3,973
- SqFt
Listed by Michael Shields, 408-356-1900 from SiliconValley MultiFamilyGroup
(If provided) CoList: from
Sold listing courtesy of Jean Davila from RBT
- Sold Price
- $1,950,000
- List Price
- $1,950,000
- Closing Date
- Oct 03, 2025
- MLS#
- ML82018905
- Status
- SOLD
- Zoning
- RM
- Sqft. of Residence
- 3,973
- Lot Size
- 9,636
- Listing Area
- Campbell
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 subject to San Jose's Apartment Rent Ordinance and Tenant Protection Ordinance.
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Additional Information
- Acres
- 0.22
- Age
- 57
- Amenities
- None
- Cooling System
- Central AC, Window / Wall Unit
- Days On Market
- Unknown
- Floor Covering
- Carpet, Laminate, Tile
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Carport
- Heating System
- Forced Air, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 3,973
- Lot Size
- 9,636
- Neighborhood
- Campbell
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer Connected, Sewer in Street
- Zoning
- RM
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