$1,690,000
SOLD MAY 26, 2026
5 Beds
3 Baths
2,466 Sq Ft
6,970 Sq Ft Lot Lot

Sale Details

Date Sold: May 26, 2026

$685 Per Sq Ft

3% Below List Price

30 on Market

Highlights

  • 3 Car Detached Garage
  • Latimer Elementary School Rated A-
  • 1-Story Property

About This Home

As of May 2026

A well-positioned triplex located in one of West San Joses most desirable and high-demand rental corridors. Situated on a spacious ~7,000 sq ft lot, this approximately 2,466 sq ft building offers a strong unit mix of two 2-bedroom/1-bath units and one 1-bedroom/1-bath unitideal for both steady cash flow and long-term appreciation. Units B & C have been recently remodeled, featuring updated kitchens, refreshed bathrooms, new flooring, and new appliance, creating modern and attractive living spaces for todays tenants. Unit A was previously remodeled prior to the current ownership, providing an additional layer of value and consistency across the property. The property also benefits from key capital improvements including copper plumbing, and owned on-site washer and dryer. Each unit includes a private enclosed garage, offering added convenience and tenant appeal. This property provides unbeatable access to premier shopping, dining, and entertainment. Commuters will appreciate the close proximity to San Tomas Expy, Lawrence Expy, and Highways 280 & 17, offering easy connectivity to major Silicon Valley employers. This is a rare opportunity to own a updated, income-producing asset in a prime Silicon Valley location with strong rental demand and continued upside potential.

Last Agent to Sell the Property

William Pan

Green Valley Realty USA License #01491446 Listed on: 04/10/2026

Green Valley Realty USA

Last Buyer's Agent

Ray Ghafari

Compass License #00940904

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,466 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $92,856
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $2,200
  • Maintenance Expense $1,500
  • Utility Expense $3,120
  • Operating Expense $30,303
  • Gross Income $90,070

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

6,970 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2466
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2466
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 18.85
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2200
  • Expense Maintenance: 1500
  • Expenses Total: 30303
  • Expenses Utility: 3120
  • Income Annual Gross: 90070.00
  • Income Annual Rental: 92856
  • Income Gross Scheduled: 92856
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2026 05/26/26 Sold $1,690,000 -3.4% $685 / Sq Ft
05/11/2026 05/11/26 Pending -- -- --
04/10/2026 04/10/26 For Sale $1,750,000 -- $710 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,911 $1,584,032 $1,227,068 $356,964
2024 $22,911 $1,552,973 $1,203,008 $349,965
2023 $22,565 $1,522,523 $1,179,420 $343,103
2022 $22,211 $1,492,671 $1,156,295 $336,376
2021 $21,761 $1,463,404 $1,133,623 $329,781
2020 $21,225 $1,448,400 $1,122,000 $326,400
2019 $19,393 $1,336,200 $1,020,000 $316,200
2018 $18,910 $1,310,000 $1,000,000 $310,000
2017 $8,217 $442,407 $139,610 $302,797
2016 $7,789 $433,733 $136,873 $296,860
2015 $7,710 $427,219 $134,818 $292,401
2014 $6,311 $418,852 $132,178 $286,674
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82042404

MLSListings

APN: 307-06-016

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