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    704 Concord Ave San Jose, CA 95128

    Sponsored
    For Sale
    $1,775,000

    Fourplex, Traditional - SAN JOSE, CA

    Property size:
    3,770 SF
    Days on Market:
    2
    Last Refresh:
    Jan 27 at 4:06 am

    Property Features for 704 Concord Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Secured Garage/Parking
    Window features
    Double Pane Windows
    Zoning
    RM
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry
    Bedrooms
    9
    Parking
    4
    Parking features
    Garage, Garage - Attached, On Street
    Interior features
    Parking, Double Pane Windows, None, Secured Garage / Parking, Other
    Appliances
    Cooktop, Cooktop - Electric
    Size
    3,770 SF

    Utilities

    Heating system
    Central, Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1959
    Number of units
    4
    Flooring type
    Carpet, Hardwood, Laminate, Tile
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Patrick Adair

    Intero Real Estate Services, Inc. (866) 334-7356

    Listing agent Patrick Adair (408) 357-5700 License #01100170

    Listing date Jan 26, 2026

    MLS# ML82032572 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Fourplex in Prime Location

    This well-maintained fourplex offers long-term stability and clear upside in a prime San Jose location. The property has been under the same ownership for over 40 years and features major capital upgrades, including high-quality dual-pane windows for interior sound reduction, copper plumbing, newer heaters, and an updated water heater with a hot-water timer. The roof is approximately 15 years old and made of dimensional composition. Recent exterior and interior paint enhance the property's appeal. Two units have updated kitchens with attractive cabinetry, granite countertops, and new flooring. Each unit includes a one-car garage and an approximately 8x8 storage closet. An on-site coin laundry provides additional income of approximately $150 per month. The electricity is separately metered, while the owner pays for water, garbage, and gardener services. The property is fully occupied with strong rental demand and potential for enhanced returns through market rent alignment and continued operational efficiencies. This 3,770 square foot property is ideal for seasoned investors or first-time buyers seeking a responsibly maintained asset with durable systems and future value-add potential. The zoning is RM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.9170245
    Latitude
    37.3153819

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with long-term stability and upside in San Jose.
    Where is this quadplex located?
    The property is located at 704 Concord Ave San Jose, CA.
    What is the asking price?
    The asking price for this property is $1,775,000.
    What are key features of this property?
    This property features: - Prime San Jose location with strong rental demand.; - Major capital upgrades including dual-pane windows and copper plumbing.; - Well-maintained 4-plex with pride of ownership for 40+ years.
    (408) 357-5700
    Request Owner's contact information
    704 Concord Ave San Jose, CA 95128
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    San Jose, CA 95128
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 Concord Ave San Jose, CA 95128
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    We can help!
    Listing Contact
    Patrick Adair
    Real Estate License ID: 01100170
    (408) 357-5700
    Learn more
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