5782 Preston Drive, San Jose, California 95124, San Jose, - bed, bath

home-pic
ACTIVE$1,825,000
5782 Preston Drive, San Jose, California 95124
0Bed
0Bath
3,606Sqft
9,636Lot
Year Built
1971
Close
-
List price
$1.82M
Original List price
$1.82M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025821
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Rare investment opportunity near Almaden/Los Gatos Hills. Pride of ownership shines in this well-maintained 4-plex situated on a corner lot in a highly desirable neighborhood served by top-rated Union schools. Each unit has been thoughtfully cared for, reflecting years of attentive ownership. Lower rents are due to current long-term tenants who provide stable occupancy and reliable income, with room for future rent growth. The ground floor features a 3-bedroom, 2-bath unit (1,356 sq. ft.) with a private yard and attached 2-car garage, along with a 2-bedroom, 1-bath unit (750 sq. ft.) with a private yard. The upper level offers two additional 2-bedroom, 1-bath units (750 sq. ft. each). Covered parking for the 2-bedroom units includes garage doors, with ample street parking available. Additional features include an on-site laundry room and newer roof. Tenants pay for PG&E. Residents enjoy access to highly coveted Guadalupe Elementary and Leigh High School. Conveniently located near Blossom Hill Road, Camden Avenue, and Highway 85. A rare opportunity to own a multi-unit property in one of Silicon Valley's most sought-after areas. SB721 inspection completed (January 2025).

Nearby schools

8/10
Guadalupe Elementary School
Public,K-50.5mi
7/10
Noddin Elementary School
Public,PK-50.6mi
6/10
Lietz Elementary School
Public,K-50.8mi
8/10
Los Alamitos Elementary School
Public,K-51.3mi
4/10
Almaden Elementary School
Public,K-51.7mi
8/10
Oster Elementary School
Public,K-51.8mi
6/10
Reed Elementary School
Public,K-52.3mi
9/10
Carlton Elementary School
Public,K-52.5mi
3/10
Allen at Steinbeck School
Public,K-52.8mi
9/10
Blossom Hill Elementary School
Public,K-52.8mi
3/10
Terrell Elementary School
Public,K-53.3mi
6/10
Bagby Elementary School
Public,K-53.4mi
9/10
Louise Van Meter Elementary School
Public,K-53.4mi
5/10
Schallenberger Elementary School
Public,K-53.5mi
8/10
Loma Prieta Elementary School
Public,K-57.6mi
7/10
Dartmouth Middle School
Public,6-80.7mi
6/10
Castillero Middle School
Public,6-81.4mi
9/10
Union Middle School
Public,6-81.8mi
5/10
John Muir Middle School
Public,6-82.4mi
8/10
Raymond J. Fisher Middle School
Public,6-83.5mi
5/10
Willow Glen Middle School
Public,6-84.1mi
9/10
C. T. English Middle School
Public,6-87.6mi
8/10
Leigh High School
Public,9-121.3mi
7/10
Pioneer High School
Public,9-121.5mi
8/10
Branham High School
Public,9-121.6mi
4/10
Gunderson High School
Public,9-123.4mi
10/10
Los Gatos High School
Public,9-124.1mi
6/10
Willow Glen High School
Public,9-124.1mi

Price History

Date
Event
Price
10/24/25
Listing
$1,825,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (2 Listings)
Beds00
Baths00
Square foot3,6061,816
67%
Lot Size9,6367,875
67%
Price$1.82M$1.5M
67%
Price per square foot$506$721
33%
Built year19711966
67%
HOA
Days on market1258
33%
Condition Rating
Fair

The property was built in 1971, making it over 50 years old. While the description notes it is 'well-maintained' and has a 'newer roof,' and some units (like Unit 3) show updated laminate flooring and fresh paint, the kitchen in Unit 1 is significantly outdated. It features tile countertops and backsplash, older-style white cabinets, and basic appliances, suggesting renovations were done 15-30 years ago or were piecemeal. The property is functional and maintained but shows clear signs of being aged and not having undergone a recent, extensive renovation to modern standards.
Pros & Cons

Pros

Exceptional Investment Opportunity: A rare 4-plex situated in a highly sought-after Silicon Valley location, offering significant residential income potential and a strong asset class for investors.
Premium Location & Accessibility: Located on a desirable corner lot near Almaden/Los Gatos Hills, with convenient access to major thoroughfares (Blossom Hill Road, Camden Avenue, Highway 85) in a coveted San Jose neighborhood.
Top-Rated School District: Benefits from access to highly coveted, top-rated Union schools, including Guadalupe Elementary (8/10) and Leigh High School (8/10), enhancing its appeal to families and supporting property values.
Stable Occupancy & Future Rent Growth: Currently occupied by long-term tenants providing reliable income, with identified potential for significant rent increases to market rates, offering future upside.
Well-Maintained & Functional Layout: Demonstrates pride of ownership with thoughtful care, a newer roof, on-site laundry, and a desirable unit mix including a spacious 3-bed/2-bath unit with a private yard and attached garage.

Cons

Below Market Rents: Current rental income is suppressed due to long-term tenants, requiring strategic rent adjustments to maximize profitability, which may involve tenant transitions.
Property Age & Potential for Updates: Built in 1971, the property, despite being well-maintained, may eventually require updates to unit interiors or systems to meet modern tenant expectations and command top market rents.
Tenant Transition Risks: The process of raising rents to market value could lead to tenant turnover, incurring potential vacancy costs, re-leasing expenses, and the need for unit refreshes between tenants.

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