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3691 Cape Cod Court — San Jose — 3,584 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+12 more

$1,998,000

98 DOM

$557/sqft— bd— ba3,584 sqft

Call

3691 Cape Cod Ct San Jose, CA 95117

7,260sqft lot

Price reduced! This well-maintained fourplex provides and excellent 1031 exchange opportunity for an investor interested in upgrading from a single family home into a multifamily property. Located in West San Jose's desirable rental corridor, the property offers four spacious units totaling 3,584 square feet on a 7,260 SF lot. Exceptional capital investment totaling over $275,000 since 2013. The owner has methodically upgraded every major building system and unit interiors. Most significantly, 2024 saw complete replacement of all plumbing infrastructure including drains, supply lines, and sewer systems. New roof in 2022. Renovated Units: Unit 2 - extensive remodeling in 2024. Unit 4 updated in 2021, Unit 3 in 2017, and Unit 1's townhouse configuration saw kitchen/bath upgrades in 2013 plus recent downstairs bathroom remodel in 2025. Additional improvements include new water heaters, exterior painting, comprehensive termite treatment with tree removal, front post replacement, and new heating systems. Close to downtown Campbell and under three miles from Santana Row and Valley Fair. Section 1 clearance provided before close and a $10,000 credit to buyer toward closing costs. Ideal opportunity for an investor looking to upgrade or for the first time investor.

MLS ML82029860

408-356-1900 (Office) 408-356-1900 (Cell) michael@svmultifamily.com

Est. payment

$12,767/mo

Principal & interestTaxesInsurance

$10,103$2,081$583

Down %

Rate %

Years

Down payment: $399,600 · Total cost: $4,036,671

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$12,767/mo

Principal & interest: $10,103
Est. property tax: $2,081
Est. insurance: $583
Down payment: $399,600

Est. gross rent$8,325/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-4,442/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 5, 2026	$2,098,000	—

Facts & Features

Transaction Data

▼Price Reduced from $2,098,000 (−$100,000)

Annual Taxes$28,651

Structure & Property

Year Built1964

408-356-1900 (Office) 408-356-1900 (Cell) michael@svmultifamily.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

3691 Cape Cod Court, San Jose, CA 95117

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Call

3691 Cape Cod Ct San Jose, CA 95117

About this home

Michael Shields

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Michael Shields

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

3691 Cape Cod Court, San Jose, CA 95117

About This Property

Property Photos

3691 Cape Cod Ct San Jose, CA 95117

About this home

Michael Shields

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Michael Shields

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.