1566 Stokes Street, San Jose, California 95126, San Jose, - bed, bath

home-pic
ACTIVE$1,850,000
1566 Stokes Street, San Jose, California 95126
0Bed
0Bath
3,328Sqft
8,806Lot
Year Built
1963
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82010478
Home ConditionGood
Features
View-

About this home

Arguably the nicest fourplex currently on the market in San Jose! Come see for yourself! New roof 2020. SB 721 is complete - new balconies with new handrails. New exterior paint 2023. "Owners" unit, the 3 bed 2.5 bath, is completely remodeled. Excellent location near the Los Gatos Creek Trail. Minutes from Valley Fair, Santa Row and Ebay world HQ. 1566 Stokes Street consists of (1) 3 bed / 2.5 bath, (1) 2 bed / 1 bath, and (2) 1 bed / 1 bath. Significant upside as the 2-bedroom and 1-bedroom units can be renovated to achieve significantly higher rents. Residents enjoy amenities such as on-site parking in a gated lot and on-site laundry. The location is also a key highlight as it's next to several major streets and transit hubs, while located between numerous centers of economic activity. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley.

Price History

Date
Event
Price
06/10/25
Listing
$1,850,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,3283,696
50%
Lot Size8,8067,670
50%
Price$1.85M$1.79M
50%
Price per square foot$556$490.5
50%
Built year19639815982
100%
HOA
Days on market148176
50%
Condition Rating
Good

While built in 1963, the property has undergone significant recent updates. The roof was replaced in 2020, the exterior was painted in 2023, and new balconies/handrails were installed recently. Crucially, the 'owners' unit (3 bed/2.5 bath) is described as 'completely remodeled,' suggesting modern kitchen, bathrooms, and finishes. The exterior images support a well-maintained appearance. Although the other units are noted to have 'significant upside' with renovation, implying they are dated, the extensive recent updates to major components and one primary unit elevate the overall condition to 'Good,' making it largely move-in ready with some units offering renovation potential rather than immediate necessity.
Pros & Cons

Pros

Prime Silicon Valley Location: The property boasts an excellent location in San Jose, minutes from major tech hubs like Ebay world HQ, prominent retail centers (Valley Fair, Santana Row), and recreational amenities (Los Gatos Creek Trail), making it highly attractive for tenants and investors.
Significant Recent Capital Improvements: Key updates including a new roof (2020), new balconies (SB 721 compliant), and new exterior paint (2023) reduce immediate maintenance burdens and enhance the property's curb appeal and structural integrity.
Value-Add Opportunity: There is significant upside potential as the 2-bedroom and 1-bedroom units can be renovated to achieve substantially higher rents, offering a clear path for increased income and property value for an investor.
Remodeled Owner's Unit: The 3-bedroom, 2.5-bath 'owner's unit' has been completely remodeled, providing a premium, move-in ready living space or a high-demand rental unit immediately.
Desirable Tenant Amenities: Residents benefit from on-site amenities such as parking in a gated lot and on-site laundry, which are attractive features that enhance tenant satisfaction and retention.

Cons

Age of Property & Potential System Updates: Built in 1963, the property is over 60 years old. While cosmetic and structural updates are noted, there is no explicit mention of updates to major internal systems (e.g., plumbing, electrical, HVAC), which could lead to future capital expenditures.
Required Renovation for Maximized Rents: The description indicates that the 2-bedroom and 1-bedroom units require renovation to achieve significantly higher rents, implying additional capital investment and project management will be necessary for the buyer to realize full income potential.
Undefined Area/School District Information: The MLS area is listed as 'Not Defined' and the high school district as 'Other,' which may require further investigation by potential buyers or tenants who prioritize specific neighborhood or school affiliations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State