450 Lewis Road

San Jose, CA 95111

$1,780,000
Price
Beds
3,328 Sq. Ft.
$535 / Sq. Ft.
3,328
Sq. Ft.
$535
per Sq. Ft.

Description

Fully Rented 4-Plex Investment Opportunity with Upside Potential! This well-maintained 4-unit building is a great addition to any investor's portfolio. Located in a safe and convenient neighborhood, the property offers consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights: Unit Configuration: Four units (4x 2-bed/1-bath) ideal for owner-occupied buyers or for investors Well-Maintained Community: Lewis Road is part of an HOA that ensures clean and well-kept...Fully Rented 4-Plex Investment Opportunity with Upside Potential! This well-maintained 4-unit building is a great addition to any investor's portfolio. Located in a safe and convenient neighborhood, the property offers consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights: Unit Configuration: Four units (4x 2-bed/1-bath) ideal for owner-occupied buyers or for investors Well-Maintained Community: Lewis Road is part of an HOA that ensures clean and well-kept grounds. Parking & Amenities: Includes assigned carports with extra parking spots, a shared laundry facility, and balconies/patios for tenant enjoyment. Prime Convenience: Close to major employers, shopping, dining, schools, churches, and public transportation, making it a practical choice for families and ensuring steady rental income and high occupancy rates. Value-Add Potential: Some units need upgrades, offering an opportunity to increase profitability through market rent adjustments or cosmetic improvements to boost appeal. This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market. Schedule your private tour today and discover why this property is the perfect fit for your portfolio!
  1. Listed by Meggie Collins • DRE #02229230 • Brokerage DRE #02198676 • NextHome Axis Realty • 408-917-8303
  2. Listed by Melinda Collins • DRE #01178494 • Brokerage DRE #02198676 • NextHome Axis Realty

Property Details for 450 Lewis Road

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2
LISTING UPDATED: 01/25/2025 09:58 AM

Property Details for 450 Lewis Road

StatusActive
MLS #ML81991369
Days on Compass12
Taxes$5,157 / year
HOA Fees$1,288
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1962
Lot Size0.23 AC / 9,945 SF
CountySanta Clara County

Building Information for 450 Lewis Road

Stories2Residences4Year Built1962Building Size-Lot Size0.23 AC / 9,945 SF

Property Information for 450 Lewis Road

Features
Features
  • Amenities: None
  • Communications: None
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 3328
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 1
  • HOA Fee: $1,288
Property Details
  • Area Text: South San Jose
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 450
  • Street Name: Lewis
  • Street Suffix: Road
  • Area ID: 11
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3328
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Zoning Detail: R3H
Location Information
  • City Limits: Yes
  • Parcel Number: 49727004
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95111
  • Elementary School District: 482
  • High School District Text: East Side Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .23
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $5,157
  • Building Unit Total: 4
  • Capitalization Rate: 3.99
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,778
  • Expense Landscape: $2,072
  • Expense Maintenance: $3,828
  • Expense Management: $4,670
  • Expense Trash: $2,046
  • Expenses Other: $1,200
  • Expenses Utility: $1,559
  • Expenses Total: $22,310
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Gross Rent Multiplier: 18.50
  • Income Annual Gross: $93,306
  • Income Annual Rental: $96,192
  • Income Gross Scheduled: $96,192
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,909
Unit 2 Information
  • Unit 2 Approx Square Footage: 832
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,067
Unit 3 Information
  • Unit 3 Approx Square Footage: 832
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,590
Unit 4 Information
  • Unit 4 Approx Square Footage: 832
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,200
Unit Type 1
  • Unit Type1 Approx SqFt: 832

Property History for 450 Lewis Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 450 Lewis Road

Taxable ValueLand$317,142Additions$338,462Total$655,604
Tax Record2024$10,498 ($875 / month)
Home Facts
Baths4Total Finished SqFt3,328 SqFtAbove Grade Finished SqFt3,328 SqFtStories2Lot Size9,945 SqFtStyleQuadraplexYear Built1962ZoningR3HCountySANTA CLARAAPN497-27-004Fireplace TypeHas Fireplace

Schools near 450 Lewis Road

This home is within Franklin-Mckinley Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Captain Jason M. Dahl Elementary School
PublicK to 6

Sylvandale Middle School
Public7 to 8

Andrew P. Hill High School
Public9 to 12

KIPP Heritage Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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450 Lewis Road is a multi-family home for sale in San Jose, CA 95111. This property was listed for sale on January 22, 2025 by NextHome Axis Realty, it's currently listed at $1,780,000. It has been on the market for a total of 12 days and was last sold on June 29, 2017. This listing's school districts are Franklin-Mckinley Elementary School District, East Side Union High School District. Nearby schools include Captain Jason M. Dahl Elementary School, Sylvandale Middle School and Andrew P. Hill High School. 450 Lewis Road is a 0-bed, 0-bath, 3,328 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome Axis Realty, Meggie Collins, DRE #02229230; NextHome Axis Realty, Melinda Collins, DRE #01178494

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.