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

home-pic
ACTIVE UNDER CONTRACT$1,699,000
1144 Locust Street, San Jose, California 95110
0Bed
0Bath
3,602Sqft
10,530Lot
Year Built
1949
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
44 Days
Sold On
2025-11-21
MLS number
ML82024146
Home ConditionFair
Features
Patio
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
10/08/25
Listing
$1,699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,6022,985
50%
Lot Size10,5308,425
50%
Price$1.7M$1.46M
50%
Price per square foot$472$494.5
50%
Built year19499500975
100%
HOA
Days on market2889
50%
Condition Rating
Fair

Built in 1949, this property has received some updates over the years, such as double-pane windows, central forced heating, and new concrete driveways. However, the description of 'country kitchens with tile counters' and 'linoleum' flooring, along with only 'a few' remodeled baths, indicates that the interior finishes are largely outdated, likely from renovations 15-30 years ago. While well-maintained and functional, the property requires minor updates to meet current aesthetic and quality standards, particularly in the kitchens and bathrooms, which are not consistently modern across all units. No interior images were provided to assess the current condition of these areas directly, so the assessment relies heavily on the descriptive text.
Pros & Cons

Pros

Prime Location & Income Potential: Centrally located 4-plex close to downtown San Jose, offering strong rental demand and a robust investment opportunity in a desirable area.
Stable & Diversified Tenancy: Long-term, month-to-month tenants (including Section 8) who wish to stay, ensuring consistent income, reduced vacancy risk, and flexibility for rent adjustments.
Comprehensive Tenant Amenities: Each unit is well-equipped with inside laundry, central forced heating, double-pane windows, a 1-car garage/storage unit, and ample parking (2 spots per unit plus off-street).
Recent Exterior Capital Improvements: New concrete driveways, walkways, and surfaces enhance curb appeal, reduce immediate maintenance needs, and present a well-maintained exterior.
Functional Layout & Privacy: The property features two separate buildings with all units on one level, providing enhanced privacy and accessibility for tenants, with one unit also boasting a wood-burning fireplace and basement.

Cons

Age of Property & Infrastructure: Built in 1949, the property may have original systems or components nearing the end of their useful life, potentially requiring significant capital expenditures in the future.
Dated Interior Aesthetics: All units feature 'country kitchens with tile counters,' suggesting a potentially dated aesthetic that may not appeal to all prospective tenants and could require renovation to maximize rental value.
Inconsistent Unit Updates: While some baths are remodeled and a few water heaters are newer, the description implies not all units have received comprehensive modern updates, leading to potential disparities in unit quality and future renovation needs.

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