1131 Luchessi Drive, San Jose, California 95118, San Jose, 95118 - bed, bath
ACTIVE$1,750,000$2,346/sqft
1131 Luchessi Drive, San Jose, California 95118
0Bed
0Bath
2,346Sqft
9,054Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Accessibility: The property boasts a prime San Jose location with excellent regional accessibility, situated moments from the Almaden Expressway and Highway 85 corridor.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9054, other record lot size in square feet = 2500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2346, other record living area = 561.
Compared to the nearby listings
Price:$1.75M vs avg $1.77M ($-25,000)50%
Size:2,346 sqft vs avg 3,504 sqft17%
Price/sqft:$746 vs avg $53183%
More Insights
Built in 1982 (44 years old).
Condition: Built in 1982, this property has undergone recent upgrades, particularly evident in one residential unit with a modern kitchen (stainless steel appliances, dark cabinets, quartz countertops, mosaic backsplash) and a well-updated bathroom (modern vanity, tiled shower). New laminate flooring is present throughout. However, other units retain commercial-style drop ceilings, some with exposed wiring, and feature basic kitchenettes rather than full kitchens. While the exterior and some interiors are clean and updated, the inconsistencies in renovation quality across units, the age of the original structure (42 years), and the commercial elements that would need further conversion for full residential use, place it in the 'Fair' category. It's maintained and partially updated, but requires additional work to meet consistent modern residential standards across all units, especially regarding the commercial ceiling structures and potential core system updates.
Year Built
1982
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$746
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030137
Home ConditionFair
Features
Good View:
Deck
View-
About this home
Outstanding Opportunity to acquire a unique, high-potential asset in a prime San Jose location! This distinctive property, formerly utilized as a commercial office building, has undergone recent upgrades. Situated just moments from the Almaden Expressway and Highway 85 corridor, it offers the perfect blend of regional accessibility to Almaden Plaza, Costco, Bass Pro Shop, and Westfield Oakridge Mall just minutes away. The site features ample dedicated parking and has been revitalized to meet modern standards while retaining its commercial-grade structure. This is an excellent building for a savvy investor or owner-user to take over.
R
Rick Turnwall
Listing Agent
Condition Rating
Fair
Built in 1982, this property has undergone recent upgrades, particularly evident in one residential unit with a modern kitchen (stainless steel appliances, dark cabinets, quartz countertops, mosaic backsplash) and a well-updated bathroom (modern vanity, tiled shower). New laminate flooring is present throughout. However, other units retain commercial-style drop ceilings, some with exposed wiring, and feature basic kitchenettes rather than full kitchens. While the exterior and some interiors are clean and updated, the inconsistencies in renovation quality across units, the age of the original structure (42 years), and the commercial elements that would need further conversion for full residential use, place it in the 'Fair' category. It's maintained and partially updated, but requires additional work to meet consistent modern residential standards across all units, especially regarding the commercial ceiling structures and potential core system updates.
Pros & Cons
Pros
Prime Location & Accessibility: The property boasts a prime San Jose location with excellent regional accessibility, situated moments from the Almaden Expressway and Highway 85 corridor.
Proximity to Amenities: Conveniently located just minutes away from major retail hubs including Almaden Plaza, Costco, Bass Pro Shop, and Westfield Oakridge Mall.
High Investment/Owner-User Potential: Described as a 'unique, high-potential asset' and an 'excellent building for a savvy investor or owner-user to take over,' indicating versatility and strong upside.
Recent Upgrades & Durable Structure: The property has undergone recent upgrades and has been revitalized to meet modern standards while retaining its robust commercial-grade structure.
Ample Dedicated Parking: The site features ample dedicated parking, a significant advantage for both residential income and potential commercial uses.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9054, other record lot size in square feet = 2500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2346, other record living area = 561.
Ambiguous Residential Conversion Details: While listed as a 'Quadruplex' and 'Residential Income,' the description heavily emphasizes its past as a 'commercial office building' and 'commercial-grade structure,' which may imply potential complexities or costs related to full residential conversion permitting or specific residential amenities not fully detailed.
Lack of Specific Residential Unit Information: The property description lacks crucial details regarding the individual residential units, such as the number of bedrooms/bathrooms per unit, interior finishes, or current rental income, which are vital for a residential income property.
Age of Original Construction: Built in 1982, the original structure is over 40 years old. While recent upgrades are mentioned, the extent of updates to core systems (e.g., plumbing, electrical, HVAC) is not specified and may require further assessment or investment.