45 S 22nd St, San Jose, CA, 95116
About This Home
Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layouttwo units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1990
Materials
- Foundation: Concrete Perimeter,Crawl Space
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Residential Income
Interior
Appliances
- Appliances included: Electric Cooktop,Dishwasher,Disposal,Range Hood,Electric Oven,Built In Oven/Range,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- High Ceilings,Walk-In Closet(s)
- Flooring: Other
Heating & Cooling
- Heating features: Central Forced Air
- Cooling features: Central Air,Gas
Interior Area
- Total structure area: 3,122
- Total interior livable area: 3,122 sqft
Kitchen
- Features: Countertop_Granite
Property
Accessibility
- Accessibility features: Parking
Details
- Parcel number: 46731046
- Zoning: RM
- Special condition: Standard
Features
- Stories: 2
Lot
- Lot size: 7,797 sqft
Parking
- Total spaces: 6
- Parking features: Common
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,848 | $106,176 |
| Home Insurance * | $208 | $2,496 |
| Property Taxes | $2,044 | $24,528 |
| Electricity | $669 | $8,033 |
| Total | $11,769 | $141,228 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $1,750,000 |
| 2022-07-18 | Sold | $1,555,000 |
| 2022-06-17 | Contingent | $1,499,000 |
| 2022-06-10 | Listed for sale | $1,499,000 |
| 2022-05-12 | Listing removed | -- |
| 2022-05-03 | Listed for rent | $2,000 |
| 2021-03-10 | Listing removed | -- |
| 2019-09-29 | Listing removed | $2,100 |
| 2019-08-29 | Listed for rent | $2,100 |
| 2019-02-04 | Listing removed | $2,000 |
| 2018-12-17 | Listed for rent | $2,000 |
View on Zillow