3151 Impala Drive, San Jose, California 95117, San Jose, - bed, bath

home-pic
ACTIVE$1,748,888
3151 Impala Drive, San Jose, California 95117
0Bed
0Bath
3,883Sqft
6,804Lot
Year Built
1968
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82009983
Home ConditionFair
Features
View-

About this home

Discover an exceptional investment opportunity with this centrally located Four-Plex property. Situated in a highly desirable area with easy access to major freeways, this property is within walking distance of downtown Campbell and just minutes from Santana Row and downtown Los Gatos. This well-maintained property features an ideal floor plan, double-paned windows, and a versatile 4-unit mix: One 3-bedroom, 2-bath unit Two 2-bedroom, 2-bath units One 1-bedroom, 1-bath unit with nearly 3,883 sq. ft. of living space on a spacious lot, the property offers ample parking, including 4 carports and 6 additional spaces along the units. The upper units feature private balconies, and a coin-operated laundry adds convenience for tenants. Currently occupied by solid, long-term tenants on month-to-month leases, the property offers substantial potential for future rent increases. Additionally, it is located in the highly rated Campbell school district, adding to its appeal. Don't miss this rare opportunity to invest in a prime location with strong growth potential!!

Price History

Date
Event
Price
06/06/25
Listing
$1,748,888
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot3,8833,354
63%
Lot Size6,8047,275
25%
Price$1.75M$1.71M
63%
Price per square foot$450$493
38%
Built year19689810982
100%
HOA
Days on market152150
50%
Condition Rating
Fair

Built in 1968, this property is 56 years old. The description notes it is 'well-maintained' and features 'double-paned windows,' suggesting some updates and consistent upkeep. The exterior image supports this, showing a neat and tidy appearance. However, without interior photos, particularly of the kitchens and bathrooms, it's impossible to assess their current style, features, and condition. Given its age and status as a rental property with long-term tenants, it's highly probable that while functional, the interiors (especially kitchens and baths) show signs of being outdated, aligning with the 'Fair' category's description of an aged but maintained home where major components are functional but may be outdated.
Pros & Cons

Pros

Prime Location & Accessibility: Centrally located in a highly desirable area with easy access to major freeways, walking distance to downtown Campbell, and minutes from Santana Row and downtown Los Gatos, enhancing tenant appeal and property value.
Strong Investment Opportunity: A well-maintained Four-Plex property with a versatile 4-unit mix (3/2, two 2/2, 1/1), offering immediate income generation and significant potential for future rent increases.
Stable Tenant Base & Income Growth: Currently occupied by solid, long-term tenants on month-to-month leases, providing consistent income and flexibility to adjust rents to market rates.
Desirable Amenities & School District: Features ample parking (4 carports, 6 additional spaces), private balconies for upper units, coin-operated laundry, and is located within the highly-rated Campbell school district, attracting quality tenants.
Well-Maintained & Practical Features: Described as well-maintained with an ideal floor plan and double-paned windows, indicating a property that has been cared for and offers energy efficiency.

Cons

Age of Property: Built in 1968, the property's age may imply older infrastructure (plumbing, electrical, HVAC systems) that could require significant capital expenditures or increased maintenance in the near future.
Potential for Deferred Maintenance/Upgrades: While 'well-maintained' is stated, the description lacks specific details on recent major system upgrades (e.g., roof, foundation, major appliances), suggesting potential for future renovation costs to maximize rental income or address aging components.
Lack of Current Financials: The listing does not provide current rental income figures or expense details, which are crucial for a comprehensive investment analysis and determining the property's current cap rate.

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