1588 Blossom Hill RdSan Jose, CA 95118

  • Residential income properties
  • 2,980 SF
For Sale
$1,598,000 View listing

Property Details for 1588 Blossom Hill Rd

Year built
1963
Property size (Sq ft)
2,980 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional fourplex investment property, located at 1588 Blossom Hill Rd, San Jose, CA 95118, presents a compelling opportunity. Built in 1963, this meticulously maintained two-story building offers 2,980 square feet on a 7,841 square foot lot. The property boasts a desirable unit mix: one three-bedroom/one-bathroom unit, two two-bedroom/one-bathroom units, and one one-bedroom/one-bathroom unit. Recent capital improvements include new copper supply lines, updated kitchens and bathrooms, a new fence, dual-pane windows, air conditioning in units 3 and 4, and a newer low-pitched flat roof. Additional features include a common area backyard, a coin-operated laundry room, and two assigned parking spaces per unit. The property's strong performance is reflected in its current NOI of $62,872 and a pro-forma NOI of $81,612, yielding a 3.93% cap rate and a pro-forma cap rate of 5.11%. The asking price is $1,598,000, or $399,500 per unit. Its prime location in the sought-after Blossom Hill neighborhood offers easy access to major highways (85, 87, and 17) and proximity to numerous tech employers, including eBay, Adobe, IBM, PayPal, and Cisco. The property is zoned RM. The APN is 567-28-010. This is a turnkey investment with significant upside potential.

1588 Blossom Hill Rd, San Jose, California

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.2365
Longitude
-121.902

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].