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$1,948,000
EST. MARKET VALUE
$1,989,005
SUMMARY
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,948,000—positioned well below the $1,989,006 Fair Market Value by 2%. This valuation gap offers $41,006 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant value-add potential through the modernization of the two original units. Located in a prime West San Jose neighborhood with Award-Winning Schools, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking consistent rental demand and long-term equity growth.
Estimated Market Value
$1,989,005
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 | $1,948,000* List Price | 0 | 0 | 4,169 | $477 | - |
A 3691 Cape Cod Court Active | $1,948,000 List Price | 0 | 0 | 3,584 | $544 | 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, the property is over 50 years old with a mixed condition profile. While two units have been updated with modern shaker cabinets and stone-look flooring (Good condition), the remaining units and building systems appear dated with original 1960s cabinetry, tile counters, and popcorn ceilings, requiring further modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Schools
Situated in a highly desirable West San Jose neighborhood, the property is within walking distance to major retail hubs like Mitsuwa and is served by award-winning schools, ensuring consistent tenant demand.
- Favorable Utility Configuration
The building is equipped with separate electric and gas meters for each unit, significantly reducing landlord overhead and simplifying utility management for the owner.
- Value-Add Potential
With two units already updated and two in likely original condition, the property offers a clear opportunity for investors to increase rental income and equity through strategic interior renovations.
CONSRISKS & DEFICIENCIES
- Partial Modernization
Only 50% of the units have been updated, which may result in inconsistent rental rates across the building and requires immediate capital expenditure to standardize the asset's quality.
- Lack of In-Unit Laundry
The property relies on a community laundry room rather than in-unit hookups, which can be a competitive disadvantage in the high-end San Jose rental market where tenants prioritize convenience.
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 | 2,559.348 |
| Lot Size | 9,455 | 6,883.043 |
| Price | $1.95M | $1.48M |
| Price per sq ft | $467 | $632 |
| Built year | 1968 | 1963 |
| HOA | $0 | $0 |
| Days on market | 35 | 63 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,948,000
Initial Listing