2178 Monticello Avenue, San Jose, California 95125, San Jose, 95125 - 4 bed, 4 bath
ACTIVE$1,255,000
2178 Monticello Avenue, San Jose, California 95125
4Beds
4Baths
2,206Sqft
6,336Lot
Price Vs. Estimate
The estimated value ($1,255,000) is $0 (0%) lower than the list price ($1,255,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Investment Property: As a triplex, this property offers multiple income streams, making it an attractive investment opportunity in a high-demand market like San Jose.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1949, the property is over 70 years old, suggesting that units not explicitly remodeled (A and C) may have aging infrastructure and systems requiring future investment.
Compared to the nearby listings
Price:$1.25M vs avg $1.89M ($-639,500)8%
Size:2,206 sqft vs avg 1,799 sqft68%
Price/sqft:$569 vs avg $1.1K1%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this triplex shows a significant disparity in condition across its units. While Unit B features a recently remodeled kitchen with modern white shaker cabinets, stainless steel appliances, recessed lighting, and updated flooring, the other units (A and C, based on the images) are largely outdated. These units exhibit dated kitchens with older cabinets and flooring, and bathrooms with older vanities, fixtures, and small square tiles, suggesting renovations from 30-50 years ago or original features. Popcorn ceilings, worn carpets, and the presence of window AC units instead of central cooling further indicate a need for substantial rehabilitation. The property's age and the condition of the majority of its living spaces necessitate significant investment to bring them up to current standards, aligning with a 'poor' condition rating.
Year Built
1949
Close
-
List price
$1.25M
Original List price
$1.27M
Price/Sqft
$569
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020474
Home ConditionPoor
Features
View-
About this home
Absolute bargain available in this Triplex! Best deal on the market! It includes three units on a 6,534-square-foot lot with a combined living space of approximately 2,206 square feet. Main home unit A is a 2 Bedroom and 2 Bathroom, Unit B (remodeled unit) and C are both 1 bedroom and 1 bathrooms. All are occupied with tenants who'd like to stay long term. Located in the Willow Glen Neighborhood, this property is near shopping, dining, and other amenities in San Jose.
Condition Rating
Poor
Built in 1949, this triplex shows a significant disparity in condition across its units. While Unit B features a recently remodeled kitchen with modern white shaker cabinets, stainless steel appliances, recessed lighting, and updated flooring, the other units (A and C, based on the images) are largely outdated. These units exhibit dated kitchens with older cabinets and flooring, and bathrooms with older vanities, fixtures, and small square tiles, suggesting renovations from 30-50 years ago or original features. Popcorn ceilings, worn carpets, and the presence of window AC units instead of central cooling further indicate a need for substantial rehabilitation. The property's age and the condition of the majority of its living spaces necessitate significant investment to bring them up to current standards, aligning with a 'poor' condition rating.
Pros & Cons
Pros
Multi-Unit Investment Property: As a triplex, this property offers multiple income streams, making it an attractive investment opportunity in a high-demand market like San Jose.
Prime Willow Glen Location: Situated in the desirable Willow Glen Neighborhood, residents benefit from convenient access to local shopping, dining, and other essential amenities.
Established Rental Income: All three units are currently occupied by tenants who have expressed interest in long-term stays, ensuring immediate and stable rental income for the new owner.
Recent Price Adjustment: The property has seen a recent price reduction from $1.275M to $1.255M, potentially indicating a more competitive value proposition for prospective buyers.
Partially Updated Unit: One of the units (Unit B) has been remodeled, which can enhance its appeal to tenants and potentially command a higher rental rate.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1949, the property is over 70 years old, suggesting that units not explicitly remodeled (A and C) may have aging infrastructure and systems requiring future investment.
Limited Renovation Details: Only Unit B is specified as remodeled, implying that Units A and C may be in original or dated condition, potentially necessitating significant updates to maximize their rental potential and market value.
Contradictory Property Type Listing: The property is described as a 'Triplex' but listed under 'Single Family Residence' sub-type, which could lead to confusion regarding zoning, financing options, or accurate comparative market analysis.