1990 Southwest Expressway, San Jose, California 95126, San Jose, - bed, bath

home-pic
ACTIVE$2,050,000
1990 Southwest Expressway, San Jose, California 95126
0Bed
0Bath
4,339Sqft
14,683Lot
Year Built
1973
Close
-
List price
$2.05M
Original List price
$2.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020465
Home ConditionPoor
Features
Good View:
View-

About this home

*** 14,683 SF Lot - Immediate ADU Potential *** Units 1 & 2 Will Be Delivered Vacant*** Situated between the vibrant and sought out after neighborhoods of Willow Glen and Campbell, this four-unit multifamily asset located at 1990 Southwest Expressway offers a rare opportunity to own in one of San Jose's most strategic and sought-after corridors. The property sits on a massive 14,683 sq. ft. lot and boasts 4,339 sq. ft. of rentable building area, providing excellent potential for both income generation and long-term development. An investor should be ready to take command of an exceptional unit mix of (1) three-bed, two-bath, (2) two-bed, two-bath and (1) two-bed, one-bath, all of which offer overly large floor plans. The expansive lot also offers immediate ADU development potential and possibilities for future redevelopment or expansion. The RM (residential multiple) zoning designation allows investors and developers to unlock significant additional living space on the property, whether by adding detached ADUs, converting existing structures and ultimately increasing income streams, providing substantial upside beyond the current four-unit configuration.

Price History

Date
Event
Price
10/10/25
Price Change
$2,050,000-6.8%
09/05/25
Listing
$2,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot4,3394,201
50%
Lot Size14,68310,609
50%
Price$2.05M$1.89M
50%
Price per square foot$472$448.5
50%
Built year19739815987
100%
HOA
Days on market60131
50%
Condition Rating
Poor

The property was built in 1973, making it 51 years old. There are no interior images provided, nor is there any mention of recent renovations in the description. The exterior appears structurally sound but with dated aesthetics. The complete absence of interior photos for a property of this age strongly suggests that the kitchens, bathrooms, and other living spaces are likely original or have only received minor, outdated renovations, requiring substantial repairs and rehabilitation to meet current standards. The listing's emphasis on 'ADU potential' and 'redevelopment' further implies that the existing structures are not considered modern and would require significant investment to maximize their value, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Strategic Location: The property is ideally situated between the highly sought-after neighborhoods of Willow Glen and Campbell in San Jose, offering strong tenant demand and appreciation potential.
Exceptional Development Potential: A massive 14,683 sq. ft. lot with RM (residential multiple) zoning allows for immediate ADU development and significant future redevelopment or expansion opportunities, providing substantial upside.
Immediate Value-Add Opportunity: Units 1 & 2 will be delivered vacant, offering the new owner immediate flexibility to renovate, reposition, and lease at current market rates to maximize income.
Robust Income-Generating Asset: As a four-unit multifamily property (quadruplex), it provides diversified income streams and a solid foundation for an investment portfolio.
Desirable Unit Mix & Spacious Layouts: The property features an excellent unit mix including 3-bed/2-bath, 2-bed/2-bath, and 2-bed/1-bath units, all boasting 'overly large floor plans' which are attractive to tenants.

Cons

Property Age: Built in 1973, the property is 50 years old, which may imply a need for significant capital expenditures for system upgrades, renovations, or deferred maintenance to meet modern standards.
Recent Price Reduction: The listing has undergone a price reduction from $2.2M to $2.05M, which could indicate a previous overvaluation or challenges in attracting buyers at the initial price point.
Location on Expressway: Being situated on Southwest Expressway might expose the property to higher traffic noise and a less tranquil environment compared to properties on quieter residential streets, potentially affecting tenant appeal.

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