*** 14,683 SF Lot - Immediate ADU Potential *** Units 1 & 2 Will Be Delivered Vacant*** Situated between the vibrant and sought out after neighborhoods of Willow Glen and Campbell, this four-unit multifamily asset located at 1990 Southwest Expressway offers a rare opportunity to own in one of San Jose's most strategic and sought-after corridors. The property sits on a massive 14,683 sq. ft. lot and boasts 4,339 sq. ft. of rentable building area, providing excellent potential for both income generation and long-term development. An investor should be ready to take command of an exceptional unit mix of (1) three-bed, two-bath, (2) two-bed, two-bath and (1) two-bed, one-bath, all of which offer overly large floor plans. The expansive lot also offers immediate ADU development potential and possibilities for future redevelopment or expansion. The RM (residential multiple) zoning designation allows investors and developers to unlock significant additional living space on the property, whether by adding detached ADUs, converting existing structures and ultimately increasing income streams, providing substantial upside beyond the current four-unit configuration.
Under contract
Price cut: $150K (10/9)
$2,050,000
1990 Southwest Expy, San Jose, CA 95126
--beds
--baths
4,339sqft
Est.:
Quadruplex, Residential Income
Built in 1973
-- sqft lot
$1,924,500 Zestimate®
$472/sqft
$-- HOA
What's special
Exceptional unit mixOverly large floor plans
- 98 days |
- 477 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: December 11, 2025 at 05:33am
Listed by:
Fred Rubio 01984041 408-314-3009,
Marcus & Millichap 650-391-1700
Source: MLSListings Inc,MLS#: ML82020465
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Included: Oven/Range
- Laundry: Hookups Only
Features
- Flooring: Carpet, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 4,339
- Total interior livable area: 4,339 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 0.34 Acres
Details
- Parcel number: 28425024
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Other
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1973
Utilities & green energy
- Gas: IndividualGasMeters
- Water: Water On Site
- Utilities for property: Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $472/sqft
- Tax assessed value: $1,637,539
- Annual tax amount: $24,469
- Date on market: 9/5/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, DishwasherAllUnits, Land, OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
$1,924,500
$1.83M - $2.02M
$2,990/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Contingent | $2,050,000$472/sqft |
Source: | ||
| 10/9/2025 | Price change | $2,050,000-6.8%$472/sqft |
Source: | ||
| 9/5/2025 | Listed for sale | $2,200,000+485.1%$507/sqft |
Source: | ||
| 1/25/2023 | Sold | $376,000-82.9%$87/sqft |
Source: Public Record Report a problem | ||
| 2/22/2021 | Listed for sale | $2,200,000+109.3%$507/sqft |
Source: eXp Realty of California Inc. #ML81830791 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $25,160 +32.9% | $1,637,539 +16.3% |
| 2023 | $18,938 +0.7% | $1,408,104 +2% |
| 2022 | $18,813 +1.9% | $1,380,495 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$12,938/mo
Principal & interest
$10153
Property taxes
$2067
Home insurance
$718
Climate risks
Neighborhood: Willow Glen
Nearby schools
GreatSchools rating
- 5/10Blackford Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Monroe Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Del Mar High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: CampbellUnionElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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