5011 Lapa Dr, San Jose, California 95129, San Jose, 95129 - bed, bath
5011 Lapa Dr
San Jose, California 95129
Property Price
SUMMARY
Analysis of 5011 Lapa Dr, San Jose, California 95129 is currently available with a list price of $2,399,000. 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 1963, this quadruplex is functional and currently occupied by tenants, but shows significant signs of age with no evidence of recent major renovations. The kitchens feature dated electric coil ranges, older cabinetry, and laminate countertops. Flooring consists of older carpets and vinyl, and the bathrooms reflect mid-to-late 20th-century styles. The listing's 'As-Is' sale preference further indicates that while the property is maintained for rental use, it requires modernization to meet current market standards for 'Good' or 'Excellent' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Premier School District
The property is located within the highly coveted Cupertino School District, which is a primary driver for tenant demand and long-term property value appreciation.
- Strong Revenue Stream
Generating $11,450 in monthly gross rental revenue with a diverse unit mix, this quadruplex offers immediate cash flow and a significant hedge against ownership costs.
- Strategic Tech Hub Proximity
Situated moments from the Apple Spaceship Campus and major transit corridors like Highway 280, the location is ideal for high-income tech professionals.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
The preference for a quick 'as-is' sale on a 1963 build suggests potential deferred maintenance or the need for immediate capital expenditures for repairs.
- Market Resistance
A recent price reduction from the original listing price indicates the property may have faced initial challenges in attracting buyers at its previous valuation.
About 5011 Lapa Dr
Great location with benefits of Cupertino Schools, easy commute to Hi Tech work, 280 FWY. Monthly Gross Rental Revenue $11,450 lowers ownership cost. Long term good tenants at near market rent. Award winning Cupertino schools. Ideal Unit mix 3BR 2BT (with Large private backyard), 3BR 1BT, and smaller units 2BR 1BT and 1BR 1BT with patios. John Mise Park and Mitty High School are nearby, Convenient to Lawrence Expressway, Highway 280, Stevens Creek Boulevard. Moments to Apple Spaceship Campus.Long term Owner / Property Manager can continue to manage at flat 5% of collected rent. Large 3BR unit on first (ground) floor, 3 units on Second floor. Ample street parking and surrounded by nice homes. . One units can be delivered for owner occupancy 30 days after COE. Prefer quick AS IS Sale
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1963
- Lot Size
- 7,592 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 | 3,158 | 3,827 | 20% |
| Lot Size | 7,592 | 7,592 | 50% |
| Price | $2.40M | $2.30M | 80% |
| Price per sq ft | $760 | $601 | 80% |
| Built year | 1963 | 1964 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 253 | 243 | 0% |
Pricing History
Listed for Sale
Feb 20, 2026
$2,399,000
$2,485,000
-3% Price Drop
Initial Listing
Price Change
Jun 27, 2025
$2,485,000
Initial Listing
Sold
Jun 29, 2017
$1,495,000
Public Record