1144 Locust Street, San Jose, California 95110, San Jose, - bed, bath

home-pic
ACTIVE$1,899,000
1144 Locust Street, San Jose, California 95110
0Bed
0Bath
3,602Sqft
10,530Lot
Year Built
1949
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021501
Home ConditionFair
Features
View-

About this home

Centrally located and well maintained 4-plex close to downtown San Jose. 2 separate buildings with all units on one level. One with a wood burning fireplace and basement. All units have 2 bedrooms and 1 bathroom. All units have inside laundry rooms with washer/dryer. Some of the appliances belong to the tenants and some belong to the owners. All units have central forced heating. All units have double pane windows. A few water heaters are newer. The floor surfaces include some carpeting, linoleum and tile. A few units have remodeled baths. All units have country kitchens with tile counters. All tenants have been there for many years. They're on month to month tenancy. All would like to stay. 2 are Section 8 and 2 are regular rentals. All units have a 1 car garage/storage unit. Each unit has 2 parking spots. There is also off street parking in the back. There is new concrete driveways, walkways, and surfaces.

Price History

Date
Event
Price
09/13/25
Listing
$1,899,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,6022,985
50%
Lot Size10,5308,425
50%
Price$1.9M$1.56M
50%
Price per square foot$527$522
50%
Built year19499500975
100%
HOA
Days on market53101
50%
Condition Rating
Fair

The property was built in 1949, indicating an older structure. While the exterior appears well-maintained with new concrete driveways and double-pane windows, the interior descriptions suggest dated features. The listing mentions 'country kitchens with tile counters' and that 'a few units have remodeled baths,' implying that many kitchens and bathrooms are not modern and some baths are not updated at all. Flooring includes carpeting, linoleum, and tile, which can be signs of older materials. Although there is central forced heating and some newer water heaters, the overall impression from the description and lack of interior photos points to a property that is functional and maintained but requires significant aesthetic updates to meet current standards. This aligns with the 'fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, likely having been renovated 15-30 years ago.
Pros & Cons

Pros

Central San Jose Location: Positioned close to downtown San Jose, offering high rental demand and convenient access to amenities, which is ideal for an income property.
Established Income Stream: A well-maintained quadruplex with long-term, month-to-month tenants, including Section 8, ensuring a stable and diversified income stream for investors.
Desirable Unit Amenities: Each 2-bedroom, 1-bathroom unit includes in-unit laundry, central forced heating, and double-pane windows, enhancing tenant appeal and comfort.
Ample Parking & Storage: Provides a dedicated 1-car garage/storage and two parking spots per unit, plus additional off-street parking, a significant and highly sought-after tenant amenity.
Recent Exterior & System Upgrades: Features new concrete driveways, walkways, and surfaces, along with newer water heaters in some units, indicating proactive maintenance and reduced immediate capital outlay for a new owner.

Cons

Absence of Air Conditioning: The property description only mentions central forced heating, suggesting a lack of air conditioning, which could be a significant drawback for tenants during warmer periods in San Jose.
Aging Infrastructure & Inconsistent Updates: Built in 1949, the property likely has aging systems. While some baths are remodeled, varying floor surfaces and partial updates suggest potential for future capital expenditures to modernize all units consistently.
Tenant-Owned Appliances: Some appliances belong to tenants, which can lead to ambiguity in maintenance responsibilities and potential costs for the owner during tenant turnover or appliance failure.

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