1131 Luchessi Drive, San Jose, California 95118, San Jose, 95118 - bed, bath
1131 Luchessi Drive
San Jose, California 95118
Property Price
SUMMARY
Analysis of 1131 Luchessi Drive, San Jose, California 95118 is currently available with a list price of $1,600,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1982, the property has undergone a comprehensive recent renovation and conversion from a commercial office to a residential quadruplex. The interiors feature brand-new modern kitchens with stainless steel appliances, quartz countertops, and white shaker cabinetry. The bathrooms are fully updated with contemporary tile work, new vanities, and modern fixtures. With new luxury vinyl plank flooring, recessed LED lighting, and updated systems throughout, the property meets the criteria for excellent condition as all interior components are virtually new with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Regional Accessibility
Ideally situated near the Almaden Expressway and Highway 85 corridor, the property offers premier access to major retail hubs including Almaden Plaza, Costco, and Westfield Oakridge Mall.
- Versatile Commercial-Grade Build
The property features a robust commercial-grade structure with ample dedicated parking, providing a unique and durable high-potential asset for both residential income investors and owner-users.
- Recent Capital Improvements
Having undergone recent revitalizations and upgrades to meet modern standards, the building presents a turnkey opportunity with reduced immediate maintenance requirements.
CONSRISKS & DEFICIENCIES
- 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.
- Zoning and Use Complexity
The transition from a commercial office building to a residential quadruplex may present challenges regarding specific zoning compliance, permitting, or securing traditional residential financing.
- Market Pricing Sensitivity
The listing has undergone multiple price reductions from its original $1.75M ask, indicating potential market resistance or difficulty in valuing this unique hybrid asset.
About 1131 Luchessi Drive
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1982
- Lot Size
- 9,054 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,346 | 3,282 | 25% |
| Lot Size | 9,054 | 7,781 | 75% |
| Price | $1.60M | $1.77M | 25% |
| Price per sq ft | $682 | $541 | 75% |
| Built year | 1982 | 1963 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 112 | 50% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,600,000
$1,700,000
-6% Price Drop
Initial Listing
Price Change
Feb 17, 2026
$1,700,000
$1,750,000
-3% Price Drop
Initial Listing
Price Change
Jan 2, 2026
$1,750,000
Initial Listing