1816 Luby Drive, San Jose, California 95133, San Jose, 95133 - bed, bath
1816 Luby Drive
San Jose, California 95133
Property Price
SUMMARY
Analysis of 1816 Luby Drive, San Jose, California 95133 is currently available with a list price of $1,050,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1988, this triplex appears to be in mostly original condition. The kitchens feature dated oak cabinetry and white tile countertops, while the bathrooms and flooring show significant age-related wear. While the property is functional and has been maintained, it lacks modern updates and requires cosmetic renovations to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a triplex in the high-demand San Jose market, this property offers a versatile investment opportunity with three separate units to maximize rental yield and minimize vacancy risk.
- Substantial Lot Size
The generous 9,452 square foot lot provides significant outdoor space for tenants and offers potential for future value-add improvements or landscaping enhancements.
- Significant Price Correction
With a substantial reduction from the original list price of $1.485M to $1.05M, the property now presents a much more competitive and attractive entry point for Silicon Valley investors.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $968 is exceptionally high for a residential income property, significantly impacting the net operating income and overall cash flow.
- Extended Days on Market
Having spent over 370 days on the market, the property's prolonged exposure may suggest underlying condition issues or historical overpricing that could affect future resale perception.
About 1816 Luby Drive
Exceptional opportunity in San Jose. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1988
- Lot Size
- 9,452 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $968.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1988 | - | 0% |
| HOA | $968.0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,050,000
$1,000,000
+5% Price Increase
Initial Listing
Price Change
Feb 19, 2026
$1,000,000
$1,200,000
-17% Price Drop
Initial Listing
Price Change
Aug 25, 2025
$1,200,000
Initial Listing
Price Change
Mar 22, 2025
$1,485,000
Initial Listing