Madera Avenue, San Jose, California 95112, San Jose, - bed, bath
ACTIVE$1,500,000
Madera Avenue, San Jose, California 95112
0Bed
0Bath
3,468Sqft
8,712Lot
Year Built
1922
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014816
Home ConditionFair
Features
View-
About this home
This Cash Cow Is Ready for The New Owner. Long Term Tenants Create Stability While Presenting an Opportunity for Upside Potential. Current Owner Completed Work to Make This a Low Maintenance Investment! Make This Property Work For You!
Price History
Date
Event
Price
09/02/25
Listing
$1,500,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,468 | 2,058 | 89% |
| Lot Size | 8,712 | 6,348 | 89% |
| Price | $1.5M | $1.02M | 89% |
| Price per square foot | $433 | $528 | 11% |
| Built year | 1922 | 1955 | 22% |
| HOA | |||
| Days on market | 64 | 168 | 11% |
Condition Rating
Fair
Built in 1922, the property's exterior appears well-maintained, suggesting regular upkeep. However, the kitchen, while functional, features dated wood cabinets, speckled countertops, and white appliances (with a mismatched stainless dishwasher). This indicates a renovation that likely occurred 15-30 years ago, rather than a recent modern update. The property is aged but maintained, and major components are functional but show signs of being outdated, aligning with the 'fair' condition criteria. No bathroom images were provided for assessment.
Pros & Cons
Pros
Strong Income Potential: Explicitly marketed as a 'Cash Cow' and a 'Residential Income' quadruplex, indicating significant rental income generation.
Tenant Stability: The presence of 'Long Term Tenants' provides immediate, stable cash flow and reduces vacancy risk for the new owner.
Low Maintenance Investment: The current owner has completed work to make it a 'Low Maintenance Investment,' potentially reducing immediate capital expenditure for the buyer.
Upside Potential: The description highlights 'Opportunity for Upside Potential,' suggesting room for rent increases or property value appreciation.
Prime Location: Situated in San Jose, California, a highly desirable and competitive real estate market, which supports property values and rental demand.
Cons
Age of Property: Built in 1922, the property is over a century old, which may lead to concerns about the condition of original systems (e.g., plumbing, electrical, foundation) despite recent maintenance.
Lack of Detailed Renovation Information: While 'low maintenance' is stated, the description lacks specific details on the scope and recency of completed work, leaving potential unknowns about major system upgrades.
Tenant Management Responsibilities: As a quadruplex with long-term tenants, the new owner will inherit significant landlord responsibilities, including ongoing tenant relations and property management.