Investment Overview

Nestled in the heart of San Jose, 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 anideal 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 wideupgrades 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. 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 various 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. The real estate market in San Jose continues to thrive due to a combination of high demand and limited supply. With excellent curb appeal, recent property upgrades, strong in- place rents, and proximity to major transit and employment hubs, 1360 Lick Avenue offers investors a compelling opportunity to acquire a stabilized, high-quality asset in one of the Bay Area’s most dynamic rental markets.