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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.
Property Type(s):
Residential Income
| Last Updated | 7/24/2025 | Year Built | 1979 |
|---|---|---|---|
| Community | 699 - Not Defined | Garage Spaces | 1.0 |
| County | Santa Clara |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 699 - Not Defined |
| GARAGE | Yes |
| HEAT | Central, Wall Furnace |
| LOT | 7802 sq ft |
| PARKING | Carport |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 19436 |
| WATER | Public |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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