110 Roundtable #8 Drive, San Jose, California 95111, San Jose, 95111 - bed, bath
ACTIVE$1,499,000
110 Roundtable #8 Drive, San Jose, California 95111
0Bed
0Bath
3,258Sqft
3,996Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as an 'Excellent investment property' with 'steady rental income' and 'great long-term potential,' ideal for portfolio expansion or first-time multi-family buyers.
Top Cons:
Property Age and Potential for Capital Expenditures: Built in 1964, the property is 60 years old, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or major renovations to remain competitive and compliant.
Compared to the nearby listings
Price:$1.50M vs avg $1.20M (+$299,500)50%
Size:3,258 sqft vs avg 2,270 sqft50%
Price/sqft:$460 vs avg $58150%
More Insights
Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. While the exterior appears to be maintained with relatively fresh paint and what looks like a newer roof, the overall architectural style, windows, and balcony railings are visibly dated. The MLS analysis also highlights the property's age and the potential need for significant capital expenditures for system upgrades. Without interior photos, it's difficult to assess the kitchen and bathroom conditions, but given the age and exterior, it's highly probable they are also outdated, even if functional. This aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely requiring minor updates or repairs.
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$460
HOA
$450
Days on market
-
Sold On
-
MLS number
ML82029667
Home ConditionFair
Features
ViewNone
About this home
Excellent investment property in the heart of South San Jose! This charming fourplex offers steady rental income with great long-term potential. Perfect for investors looking to expand their portfolio or first-time buyers entering the multi-family market. Close to shopping, dining, parks, and major transportation routes. Whether you're seeking a passive income stream or a solid addition to your real estate holdings, this fourplex is a rare find in today's market. Don't miss out on this incredible investment!
Price History
Date
Event
Price
05/28/98
Sold
$312,000
Condition Rating
Fair
The property was built in 1964, making it 60 years old. While the exterior appears to be maintained with relatively fresh paint and what looks like a newer roof, the overall architectural style, windows, and balcony railings are visibly dated. The MLS analysis also highlights the property's age and the potential need for significant capital expenditures for system upgrades. Without interior photos, it's difficult to assess the kitchen and bathroom conditions, but given the age and exterior, it's highly probable they are also outdated, even if functional. This aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely requiring minor updates or repairs.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'Excellent investment property' with 'steady rental income' and 'great long-term potential,' ideal for portfolio expansion or first-time multi-family buyers.
Multi-Unit Income Property: As a quadruplex, it provides diversified income streams from four separate units, enhancing financial stability and cash flow for investors.
Desirable San Jose Location: Situated in the 'heart of South San Jose,' offering convenient access to essential amenities like shopping, dining, parks, and major transportation routes, appealing to tenants.
Established Neighborhood: A 1964 build year suggests a mature property in an established area, often implying stable demand and community infrastructure.
Passive Income Stream: The nature of a fourplex inherently offers a 'passive income stream,' making it attractive for investors seeking consistent returns.
Cons
Property Age and Potential for Capital Expenditures: Built in 1964, the property is 60 years old, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or major renovations to remain competitive and compliant.
Monthly Association Fee: A $450 monthly association fee adds a recurring operational cost, directly impacting the net rental income and overall profitability for an investor.
Limited Outdoor Space/Lot Size: With a lot size of 3996 sqft for a fourplex, there might be limited private outdoor space or parking availability for tenants, which could be a drawback in a competitive rental market.