Property Detail
Description
7.04% Current Cap Rate! Three of the four units have been completely renovated. 1360 Lick Avenue presents a rare opportunity to acquire a fourplex community situated on a standalone 7,800 square foot parcel. Built in 1979, the property features an ideal unit mix consisting of one spacious 3-bedroom/2-bath unit and three well-designed 2-bedroom/1-bath units. The building totals approximately 3,786 square feet and offers covered parking at the rear for tenant convenience. Three of the four units have been fully remodeled, and recent property-wide upgrades include new plumbing, new water heaters, updated kitchen and bathroom flooring, and other modern interior improvements, offering a largely turnkey investment with limited deferred maintenance. With an in-place cap rate above 7%, 1360 Lick Ave delivers a rare opportunity to achieve immediate cash flow in a stabilized, central San Jose location.
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Listing provided courtesy of Jimmy Castellanos of Marcus & Millichap. Last updated 2025-07-25 08:11:19.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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