2529 Madden AVE, San Jose, CA 95116

MLS# ML81956927
Status: Active

  • $1,595,000

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  • 3150

    Approx. Sq. Ft.
  • 0.13

    Approx. Lot Size
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1964
  • Stories: 2

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    Details

    2529 Madden Ave is a 4-unit two-story building consisting of (2) 3 Bed 1 Bath and (2) 2 bed 1 bath units. The area where the building is situated has plenty of off-street parking, and the property provides designated parking spaces for its tenants. The building has a great corner 0.13-acre lot with an on-site washer/dryer. Fully rented with record low vacancy rates in the last 5+ years. All of the units have long-term tenants, and a professional property management company currently manages it. The property is right off of 680 and McKee Rd, providing its residents with easy and hassle-free access to California 680, 880, and Freeway 101; quite convenient for the daily commuter. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, the nearby Apple Headquarters in Cupertino. The roof is made of vinyl membrane and fairly new. The building has a fresh coat of paint and all-new windows. The foundation is a concrete perimeter with a crawl space. The property has a communal patio and manicured landscaping that is taken care of by one of the tenants. Unit 2 rents out storage at $110.

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • Parcel484-05-069
    • Year Built1964
    • Property TypeMulti Family
    • ZoningRM
    • # of Stories2
    • FoundationConcrete Perimeter,Crawl Space
    • Age60
    • Horse PropertyNo

    Interior Features

    • LaundryCoin Operated
    • Security FeaturesOther
    • Accessibility FeaturesOther

    Utilities & Energy

    • UtilitiesIndividual Electric Meters
    • Sewer/SepticSewer Connected
    • CoolingWindow / Wall Unit
    • WaterPrivate / Mutual
    • HeatingWall Furnace

    Parking

    • Parking FeaturesAssigned Spaces,Parking Area

      Neighborhood

      Alum Rock

      Market Conditions

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