1577 Maurice Ln, San Jose, California 95129, San Jose, - bed, bath

home-pic
ACTIVE$1,995,000
1577 Maurice Ln, San Jose, California 95129
0Bed
0Bath
Sqft
7,936Lot
Year Built
1961
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41115533
Home ConditionGood
Features
Deck
Patio
View-

About this home

1577 Maurice Lane is a stunning four-unit apartment building located in highly desirable West San Jose less than one block from the prestigious City of Saratoga. It has two 2-bed/2-bath units, one 2-bed/1.5-bath unit, and one 2-bed/1-bath unit. The units are quite spacious and each has a patio or balcony, covered parking space, and a large storage unit. The building has a gross livable area of 4,126 square feet. The subject property benefits from high quality schools including Country Lane Elementary (grades K-5, API=942), Moreland Middle (grades 6-8, API=861) and Prospect High School (grades 9-12, API=794). Past ownership has made significant capital improvements of approximately $100,000 which include a new roof and copper plumbing system in 2015 and renovation of all units with new kitchens, bathrooms, and flooring. 1577 Maurice Lane is a turnkey investment opportunity with significant income and appreciation upside. Marketing package available.

Price History

Date
Event
Price
10/22/25
Listing
$1,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot03,841
Lot Size7,9367,936
50%
Price$2M$2.06M
40%
Price per square foot$0$612
Built year19611968
20%
HOA
Days on market13130
20%
Condition Rating
Good

Built in 1961, this property underwent extensive renovations in 2015, including a new roof, copper plumbing, and updated kitchens, bathrooms, and flooring. This falls within the 'extensively renovated within 5 to 15 years' criteria for a 'Good' rating. The images confirm clean, functional spaces with laminate/tile flooring, wood cabinets, granite-look countertops, and white appliances. While these updates make the units move-in ready and well-maintained, the aesthetic style of the kitchens and bathrooms, though updated, is not fully aligned with current modern quality standards, preventing an 'Excellent' score.
Pros & Cons

Pros

Prime Location: Located in highly desirable West San Jose, less than one block from the prestigious City of Saratoga, offering strong rental demand and property appreciation potential.
Excellent School District: Benefits from high-quality schools including Country Lane Elementary (API=942), Moreland Middle (API=861), and Prospect High School (API=794), attracting families and enhancing tenant desirability.
Recent Capital Improvements: Significant capital improvements of approximately $100,000 completed in 2015, including a new roof, copper plumbing, and renovation of all units with new kitchens, bathrooms, and flooring, making it a turnkey investment.
Multi-Unit Income Property: A four-unit apartment building (quadruplex) providing immediate income generation and diversification, with stated significant income and appreciation upside.
Tenant-Friendly Unit Features: Spacious units, each featuring a private patio or balcony, covered parking space, and a large storage unit, enhancing tenant comfort and retention.

Cons

Age of Building: Built in 1961, the underlying structure is over 60 years old, which, despite recent renovations, may present unforeseen maintenance challenges or require future capital expenditures for systems not recently updated.
Lack of Financial Transparency: The description highlights income upside but does not provide current rental income figures, expense details, or a cap rate, which are crucial for investor due diligence.
Potential for Rent Control/Regulations: As a multi-unit property in San Jose, it is likely subject to local rent control ordinances and tenant protection laws, which could limit rental growth and operational flexibility for investors.

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