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476 Branham Lane, San Jose, California 95111, San Jose, 95111 - bed, bath

476 Branham Lane, San Jose, California 95111 home-pic-0
ACTIVE$1,549,990
476 Branham Lane, San Jose, California 95111
0Bed
0Bath
2,952Sqft
6,490Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Opportunity (Triplex): This property is a rare triplex, offering three distinct rental units (two 3-bed/2-bath, one 2-bed/1-bath) for significant income generation and portfolio expansion.
Top Cons:
Age of Property & Potential System Updates: Built in 1972, the property is over 50 years old, which may imply older systems (plumbing, electrical, HVAC) that could require significant future capital expenditure despite being well-maintained.

Compared to the nearby listings

Price:$1.55M vs avg $1.22M (+$324,995)50%
Size:2,952 sqft vs avg 2,117 sqft50%
Price/sqft:$525 vs avg $61450%

More Insights

Built in 1972 (53 years old).
Condition: Built in 1972, this property is over 50 years old. While described as 'well-maintained,' the absence of interior photos, especially of kitchens and bathrooms, and the mention of long-term tenants (25+ years) strongly suggest that the interiors have not undergone significant modern renovations. It is highly probable that the kitchens and bathrooms are functional but very dated in style, features, and appliances, likely reflecting an older renovation (15-30 years ago) or original components with basic upkeep. The exterior appears structurally sound but also shows its age. The property likely requires cosmetic updates and potential system upgrades to meet current standards and maximize rental income, aligning with the 'Fair' condition criteria.
Year Built
1972
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014056
Home ConditionFair
Features
Good View:
View-

About this home

Dont miss this rare opportunity to own a well-maintained triplex in a highly convenient South San Jose location.** Just one block from scenic Great Oaks Park and within easy walking distance to local schools, this property offers excellent access to amenities that attract and retain tenants. This triplex features two spacious 3-bedroom, 2-bath units, each approximately 1,098 sq. ft., and one 2-bedroom, 1-bath unit measuring 821 sq. ft. The property has been home to the same long-term tenants for over 25 years, providing consistent rental income and proven stability. Each unit offers a comfortable layout and outdoor access, making it an appealing choice for residents. Whether youre looking to expand your investment portfolio with reliable cash flow or occupy one unit while renting the others, this property is a rare find in an area where triplexes seldom come available. Enjoy close proximity to parks, schools, shopping, dining, and major commuter routes everything tenants value in a prime South San Jose location.

Condition Rating
Fair
Built in 1972, this property is over 50 years old. While described as 'well-maintained,' the absence of interior photos, especially of kitchens and bathrooms, and the mention of long-term tenants (25+ years) strongly suggest that the interiors have not undergone significant modern renovations. It is highly probable that the kitchens and bathrooms are functional but very dated in style, features, and appliances, likely reflecting an older renovation (15-30 years ago) or original components with basic upkeep. The exterior appears structurally sound but also shows its age. The property likely requires cosmetic updates and potential system upgrades to meet current standards and maximize rental income, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Investment Opportunity (Triplex): This property is a rare triplex, offering three distinct rental units (two 3-bed/2-bath, one 2-bed/1-bath) for significant income generation and portfolio expansion.
Prime South San Jose Location: Strategically located near Great Oaks Park, local schools, shopping, dining, and major commuter routes, ensuring high tenant demand and retention.
Proven Rental Stability: Features long-term tenants (over 25 years), indicating consistent rental income, low turnover, and established stability for an investor.
Rarity in Market: Described as a 'rare find' where triplexes seldom come available, suggesting limited competition and potential for strong appreciation.
Well-Maintained Condition: The property is noted as 'well-maintained,' which can reduce immediate capital expenditure for a new owner.

Cons

Age of Property & Potential System Updates: Built in 1972, the property is over 50 years old, which may imply older systems (plumbing, electrical, HVAC) that could require significant future capital expenditure despite being well-maintained.
Potential for Below Market Rents: With tenants in place for over 25 years, there's a high likelihood that current rents are below market value, limiting immediate income optimization without tenant turnover or significant rent adjustments.
Lack of Interior Modernization Details: While 'well-maintained,' the description does not specify if the unit interiors have been updated to modern standards, which could impact rental appeal and potential for higher rents without further renovation investment.

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