1128 Oakmont Drive, San Jose, California 95117, San Jose, 95117 - 0 bed, 0 bath
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1128 Oakmont Drive
San Jose, California 95117
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,169Sq Ft
9,455Lot Size
Property Price
LIST PRICE$1,898,000
EST. MARKET VALUE
$1,834,410
3% AboveMARKET VALUE
SUMMARY
This Residential Income Quadruplex represents a High-Potential Investment Opportunity, listed at $1,898,000—positioned above the $1,834,411 Fair Market Value. While currently priced at a premium, the property features Separate Gas and Electric Meters and a Condition Rating of 4, offering a clear path to value-add through the modernization of the two original units. Located in a prime West San Jose neighborhood with Award-Winning Schools, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property with long-term appreciation potential.
Estimated Market Value
$1,834,410
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1128 Oakmont Drive Subject 0 bd · 0 ba · 4,169 sqft · $440 | $1,898,000* List Price | 0 | 0 | 4,169 | $440 | - |
A 1342 Essex Way Sold 0 bd · 0 ba · 3,928 sqft · $452 · 0.9 mi | $1,775,000 | 0 | 0 | 3,928 | $452 | 0.9 mi |
B 3851 Blackford Avenue Sold 0 bd · 0 ba · 4,514 sqft · $443 · 0.6 mi | $2,000,000 | 0 | 0 | 4,514 | $443 | 0.6 mi |
C 3825 Barker Drive Pending 0 bd · 0 ba · 3,896 sqft · $391 · 0.3 mi | $1,525,000 List Price | 0 | 0 | 3,896 | $391 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1968, this fourplex presents a split condition. While two units have been updated with newer shaker-style cabinetry, stone-look tile, and laminate flooring (Good), the other two units and the building's core systems appear dated, featuring older tile countertops and original finishes. The property is functional and move-in ready but requires modernization of the remaining units and long-term maintenance consistent with a 50+ year old structure.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Schools
Situated in a highly desirable West San Jose neighborhood, the property is within walking distance to Mitsuwa and Lion grocery stores and is served by award-winning schools including Easterbrook Elementary and Prospect High.
- Favorable Utility Configuration
The building is equipped with separate electric and gas meters for each unit, allowing for lower owner-paid utility expenses and simplified property management.
- Strong Rental Appeal
With two units already updated, spacious bedrooms, and a layout providing great privacy for each tenant, the property is well-positioned to attract and retain high-quality residents.
CONSRISKS & DEFICIENCIES
- Market Stagnation
The property has been on the market for 69 days and has already undergone a price reduction, which may indicate that the current list price is still high relative to investor expectations for the area.
- Aging Infrastructure
Built in 1968, the property may require significant capital expenditures for long-term maintenance of systems not mentioned as updated, such as roofing, plumbing, or the remaining two original units.
About 1128 Oakmont Drive
Welcome to a beautiful fourplex conveniently nestled in West San Jose. 2 ground floor units. 2 second floor units. Each unit enjoys great privacy. All the bedrooms are spacious. Two of the four units have been nicely updated. On site community laundry. 4 private carports. Separate electric meters. Separate gas meters. Walking distance to mitsuwa grocery, lion grocery and many other amenities. Easy access to Saratoga avenue, freeways and expressways. Award-Winning Schools: Easterbrook Elementary, Easterbrook Middle and Prospect High.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1968
- Lot Size
- 9,455 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,169 | 2,404.563 |
| Lot Size | 9,455 | 6,807.656 |
| Price | $1.90M | $1.42M |
| Price per sq ft | $455 | $613 |
| Built year | 1968 | 1962 |
| HOA | $0 | $0 |
| Days on market | 80 | 72 |
Pricing History
Listed for Sale
Sep 30, 2026
$1,898,000
$1,948,000
-3% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,948,000
Initial Listing