2985 Walgrove Way Immeuble residentiel 4 lots 1 661 400 € (415 350 €/Lot) Taux de capitalisation 3,48 % San Jose, CA 95128

This turnkey residential income property is a strong investment opportunity, ideal for both first-time and seasoned
investors. Located in a desirable West San Jose neighborhood, the well-maintained fourplex offers a balanced unit mix that
appeals to a broad tenant base: one three-bedroom, two-bath unit; two two-bedroom, one-and-a-half-bath units; and one
one-bedroom, one-bath unit. The three larger units are equipped with forced air Heating, Ventilation, Air Conditioning
(HVAC) systems, while the one-bedroom unit features a window A/C and a radiant wall heater.
Additional amenities include six tuck-under parking spaces, six additional on-site parking spaces and a shared on-site
laundry room which generates approximately $250 a month in additional revenue. The property generates an annual Gross
Scheduled Income of $113,904, with a Capitalization Rate of 3.48% and a Gross Rent Multiplier of 16.68—offering reliable cash
flow in one of Silicon Valley’s most competitive rental markets.
Built in 1968, the 3,973 SF building sits on a 9,636 SF lot and is constructed with a concrete perimeter/slab foundation,
stucco over wood siding, and a composite shingle roof. The building is also SB721 compliant.
Situated just 1.2 miles from Santana Row and 2 miles from Westfield Valley Fair, the Walgrove Way fourplex enjoys close
proximity to major transportation routes such as I-280, Hwy 17, and San Tomas Expressway. The property also lies within 1
mile of several well-rated public and private schools, making it attractive to both working professionals and families.
San Jose remains a cornerstone of Silicon Valley, backed by a robust tech industry and a consistent demand for rental
housing. Despite recent tech sector recalibrations, long-term fundamentals are strong, with key employers like Apple and
Google maintaining a major presence. High home prices continue to keep homeownership out of reach for many,
reinforcing demand for rental properties. With vacancy rates at just 3.8% and rent growth trending upward at 2.7%,
multifamily investments in San Jose are well-positioned for long-term appreciation and income growth.
As with all properties of 3+ units in San Jose, this building is subject to the City’s Apartment Rent Ordinance and Tenant
Protection Ordinance.