1281 Saratoga Avenue, San Jose, California 95129, San Jose, - bed, bath

home-pic
PENDING$2,175,000
1281 Saratoga Avenue, San Jose, California 95129
0Bed
0Bath
4,223Sqft
8,704Lot
Year Built
1968
Close
-
List price
$2.17M
Original List price
$2.17M
Price/Sqft
-
HOA
-
Days on market
25 Days
Sold On
2025-11-18
MLS number
ML82025835
Home ConditionFair
Features
Patio
View-

About this home

1281 Saratoga Avenue is an exceptional multifamily opportunity in West San Jose. This striking two-story property combines prime location, strong income potential, and timeless appeal, perfect for investors or owner-occupiers alike. Step inside and discover a versatile unit mix featuring a spacious 3-bedroom, 2-bath owners unit, (2) 2-bedroom, 1.5-bath, and (1) 1-bedroom, 1-bath units, each unit gets one garage parking spot, except the owners unit, which gets one private double garage. The property also includes a coin-operated laundry room for added tenant convenience. With approximately 4,223 square feet of living space on a 0.2-acre lot, the building is designed for comfort, efficiency, and long-term profitability. One unit is currently vacant, offering immediate upside for investors ready to maximize returns. Each apartment is separately metered for gas and electricity, while water is master meteredstreamlining management and reducing overhead. Location is everything, and this address delivers. Nestled in the heart of West San Jose, you're just minutes from Downtown San Jose, Cupertino, and Sunnyvale, with effortless access to Highways 280, 87, and 101. Major Silicon Valley employersincluding Apple, Cisco, PayPal, Adobe, Zoom, Western Digital, and PWC.

Price History

Date
Event
Price
10/24/25
Listing
$2,175,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot4,2233,841
80%
Lot Size8,7048,255
60%
Price$2.17M$2.17M
50%
Price per square foot$515$612
40%
Built year19681968
50%
HOA
Days on market12131
20%
Condition Rating
Fair

The property was built in 1968, making it over 50 years old. While the interior images for one unit show recent cosmetic updates, including modern laminate flooring, fresh paint, and a clean, updated bathroom vanity with a granite-look countertop and a functional tub/shower combo, the overall age of the building suggests that major systems (plumbing, electrical, HVAC) are likely older and may require future attention. The description also notes a 'potential for outdated interiors in rental units,' indicating that not all units may be as updated as the one pictured. The lack of kitchen images prevents a full assessment of that critical area. Therefore, the property is considered 'Fair' as it is aged but appears maintained with occasional updates, and major components are functional but likely show signs of being outdated.
Pros & Cons

Pros

Prime West San Jose Location: Nestled in the highly desirable West San Jose, the property offers effortless access to major Silicon Valley employers (Apple, Cisco, Adobe, etc.) and key freeways (280, 87, 101), ensuring strong tenant demand.
Strong Income Potential & Versatility: This quadruplex presents an exceptional multifamily opportunity with a diverse unit mix (3/2 owner's unit, two 2/1.5, one 1/1), appealing to both investors and owner-occupiers seeking robust returns.
Immediate Upside with Vacant Unit: One unit is currently vacant, providing immediate flexibility for an owner-occupier or allowing an investor to quickly adjust rent to market rates, maximizing profitability from acquisition.
Tenant-Friendly Amenities & Parking: The property includes a convenient coin-operated laundry room and dedicated garage parking for each unit, with the owner's unit benefiting from a private double garage, enhancing tenant satisfaction and retention.
Efficient Utility Management: Each apartment is separately metered for gas and electricity, streamlining utility management for the landlord and reducing overhead costs associated with individual tenant consumption.

Cons

Master Metered Water: Water for the entire property is master metered, meaning the landlord is responsible for all water costs, which can be a significant and uncapped expense without individual tenant billing.
Age of Building (1968): Built in 1968, the property is over 50 years old. While described as having 'timeless appeal,' there is no explicit mention of recent major system upgrades (e.g., plumbing, electrical, roof), potentially indicating future capital expenditure requirements.
Potential for Outdated Interiors in Rental Units: The description highlights a 'spacious 3-bedroom, 2-bath owners unit' but does not detail the condition or recent updates of the other three rental units, which may require renovation to achieve optimal market rents.

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