476 Branham Lane, San Jose, California 95111, San Jose, - bed, bath

home-pic
ACTIVE$1,549,990
476 Branham Lane, San Jose, California 95111
0Bed
0Bath
2,952Sqft
6,490Lot
Year Built
1972
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014056
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Dont miss this rare opportunity to own a well-maintained triplex in a highly convenient South San Jose location.** Just one block from scenic Great Oaks Park and within easy walking distance to local schools, this property offers excellent access to amenities that attract and retain tenants. This triplex features two spacious 3-bedroom, 2-bath units, each approximately 1,098 sq. ft., and one 2-bedroom, 1-bath unit measuring 821 sq. ft. The property has been home to the same long-term tenants for over 25 years, providing consistent rental income and proven stability. Each unit offers a comfortable layout and outdoor access, making it an appealing choice for residents. Whether youre looking to expand your investment portfolio with reliable cash flow or occupy one unit while renting the others, this property is a rare find in an area where triplexes seldom come available. Enjoy close proximity to parks, schools, shopping, dining, and major commuter routes everything tenants value in a prime South San Jose location.

Price History

Date
Event
Price
09/26/25
Price Change
$1,549,990-3.1%
08/24/25
Listing
$1,599,990
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot2,9522,117
50%
Lot Size6,4906,195
50%
Price$1.55M$1.22M
50%
Price per square foot$525$613.5
50%
Built year19729805986
100%
HOA
Days on market7392
50%
Condition Rating
Fair

Built in 1972, this triplex shows signs of being well-maintained but has not undergone significant modern renovations. The kitchens feature original-style wood cabinets, laminate countertops, older white appliances, and linoleum/vinyl flooring, all appearing very dated. Bathrooms similarly present older vanities, basic fixtures, and dated tile surrounds. Flooring throughout includes older carpets and linoleum. The presence of wall-mounted AC units instead of central HVAC further indicates an older system. While functional and maintained, the property's interior components are largely outdated and would require substantial cosmetic and functional updates to meet current market expectations, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Prime Investment Opportunity: A rare triplex in a highly convenient South San Jose location, offering multiple income streams and flexibility for investors or owner-occupants.
Exceptional Location & Amenities: Situated one block from Great Oaks Park, walking distance to schools, and close to shopping, dining, and major commuter routes, enhancing tenant appeal.
Proven Rental Stability: Benefits from long-term tenants (25+ years) providing consistent rental income and demonstrating a stable, desirable living environment.
Rare Property Type: Triplexes are seldom available in this area, presenting a unique and valuable asset in a competitive market.
Well-Maintained & Functional Units: Described as 'well-maintained' with a practical unit mix (two 3B/2B, one 2B/1B) and comfortable layouts, appealing to residents.

Cons

Property Age & Potential for Updates: Built in 1972, the property is over 50 years old, suggesting potential for outdated systems and the need for future capital expenditures for modernization or repairs.
Below-Market Rent Potential: Long-term tenants (25+ years) often result in rents below current market value, which could limit immediate cash flow upside without strategic rent adjustments or tenant turnover.
Recent Price Adjustment: A recent price reduction may indicate initial overpricing or market resistance, potentially signaling a need for further negotiation or a longer time on market.

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