Investment Overview

Nestled in the heart of San Jose, 1346 Lick Avenue presents a rare opportunity to acquire a well maintained fourplex on a 7,800 square foot lot. Built in 1979 and totaling approximately 3,768 square feet, the property offers an ideal unit mix comprising one spacious 3 bedroom/2 bath unit and three well-designed 2 bedroom units. Three of the four units have in-unit washers and dryers, an added luxury. In 2022, the entire apartment was rebuilt, making the building completely turn key. What is especially compelling about this offering is the in place cap rate over 6%, a rare profile in today's market. The property benefits from its central San Jose location, just minutes from key job centers and institutions that drive renter demand. Major employers such as Adobe, Google, Zoom, and San Jose State University are all easily accessible, while the nearby Diridon Station, SAP Center, and downtown core offer outstanding connectivity and lifestyle amenities. Residents also enjoy proximity to several public transportation options, including the Tamien Caltrain and VTA Light Rail Station (less than half a mile away), Diridon Station, and local VTA bus lines—all of which enhance commuter flexibility throughout Silicon Valley and into San Francisco. Students, working professionals, and families alike are drawn to the area’s proximity to sought-after public schools like Hammer Montessori Elementary and Herbert Hoover Middle School, further reinforcing long term tenant stability. San Jose continues to rank among the most economically resilient cities in the country, backed by its standing as the capital of Silicon Valley. The city boasts a population of over one million residents and a median household income far above the national average, supported by an economy anchored by innovation, technology, and education. With fully remodeled interiors, excellent curb appeal, proximity to transit, and minimal operational complexity, 1346 Lick Avenue represents an exceptional opportunity for investors seeking a stabilized, high-quality asset in one of the Bay Area’s most dynamic rental markets.