2178 Monticello Avenue, San Jose, California 95125, San Jose, 95125 - bed, bath
ACTIVE$1,255,000
2178 Monticello Avenue, San Jose, California 95125
0Bed
0Bath
2,206Sqft
6,336Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex, offering three distinct units for multiple rental income streams, which is highly attractive for investors.
Top Cons:
Property Age: Built in 1949, the property is older, which may necessitate higher maintenance costs, potential infrastructure upgrades, or significant capital expenditures in the future.
Compared to the nearby listings
Price:$1.25M vs avg $1.40M ($-145,000)33%
Size:2,206 sqft vs avg 2,206 sqft50%
Price/sqft:$569 vs avg $66333%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this triplex is 75 years old. While one unit (Unit B) has been remodeled with modern kitchen features like white shaker cabinets, stainless steel appliances, and recessed lighting, the other units appear significantly dated. Images reveal outdated kitchens with older cabinets and appliances, very dated bathrooms with old vanities and sliding shower doors, popcorn ceilings, worn carpets, and window AC units, indicating a lack of central heating/cooling. The overall condition suggests substantial repairs and rehabilitation are needed for the majority of the property to meet current quality and comfort standards.
Year Built
1949
Close
-
List price
$1.25M
Original List price
$1.27M
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020453
Home ConditionPoor
Features
Patio
View-
About this home
Absolute bargain available on this Triplex, best deal on the market! It includes three units on a 6,534-square-foot lot with a combined living space of approximately 2,206 square feet. Main home unit A is a 2 Bedroom and 2 Bathroom, Unit B (remodeled unit) and C are both 1 bedroom and 1 bathrooms. All are occupied with tenants who'd like to stay long term. Located in the Willow Glen Neighborhood, this property is near shopping, dining, and other amenities in San Jose.
Condition Rating
Poor
Built in 1949, this triplex is 75 years old. While one unit (Unit B) has been remodeled with modern kitchen features like white shaker cabinets, stainless steel appliances, and recessed lighting, the other units appear significantly dated. Images reveal outdated kitchens with older cabinets and appliances, very dated bathrooms with old vanities and sliding shower doors, popcorn ceilings, worn carpets, and window AC units, indicating a lack of central heating/cooling. The overall condition suggests substantial repairs and rehabilitation are needed for the majority of the property to meet current quality and comfort standards.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering three distinct units for multiple rental income streams, which is highly attractive for investors.
Prime Willow Glen Location: Located in the desirable Willow Glen neighborhood of San Jose, providing excellent access to shopping, dining, and amenities, contributing to strong rental demand and property value.
Established Tenant Base: All units are currently occupied with tenants who desire long-term stays, ensuring immediate cash flow and minimizing vacancy risk for a new owner.
Recent Price Adjustment: The property has seen a recent price reduction from $1.275M to $1.255M, indicating a potentially motivated seller and an opportunity for a competitive acquisition.
Partially Updated Unit: Unit B has been remodeled, suggesting a modern appeal and potentially higher rental value for that specific unit, enhancing overall property attractiveness.
Cons
Property Age: Built in 1949, the property is older, which may necessitate higher maintenance costs, potential infrastructure upgrades, or significant capital expenditures in the future.
Inconsistent Unit Condition: Only one unit (Unit B) is explicitly mentioned as remodeled, implying that Units A and C may be in original or dated condition, requiring additional investment for modernization to maximize rental potential.
Tenant Occupancy Constraints: While beneficial for income, existing tenants can complicate property showings, inspections, and potential owner-occupancy plans, and local rent control regulations in San Jose may limit future rent increases.