520 Madera Avenue, San Jose

$1,595,000

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7 Beds
0 Bath
3,468 Sqft
.2 Acre
0 Garage

520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101 North and South, and the interstate 880, making it simple and convenient for the daily commuter. Close proximity to san Jose State University, and SJC Airport. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with washer and dryer hook-ups, for their convenience if they choose to provide their own. Most of the tenants are long-term and have month-to-month leases. The roof is low pitch with asphalt shingles, while the foundation is a concrete perimeter with a crawl space. This parcel is not in city inspections or city rent control areas. Tenants get billed back for garbage $51 a month/unit. Unit 1 gets billed back $125 for PG&E

Essential Information

MLS® #
ML81956942
Price
$1,595,000
Bedrooms
7
Bathrooms
0.00
Square Footage
3,468
Acres
0.20
Year Built
1922
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
520 Madera Avenue
Area
699 - Not Defined
City
San Jose
County
Santa Clara
Zip Code
95112
Senior Community
N

Amenities

Parking Spaces
4
Parking
Off Street
Garages
Off Street

Interior

Heating
Wall Furnace
# of Stories
1

Exterior

Roof
Flat, Shingle
Foundation
Concrete Perimeter, Slab

School Information

District
San Jose Unified

Additional Information

Date Listed
March 8th, 2024
Days on Market
55
Zoning
LI

Listing Details

Agent
Ray Rodriguez
Office
Compass
Property History
Price Reduced from $1,658,000 to $1,595,000
Price Reduced from $1,800,000 to $1,658,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 12:10am PDT. 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.