5011 Lapa Dr, San Jose, California 95129, San Jose, 95129 - 0 bed, 0 bath
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San Jose, California 95129
This High-Yield Residential Income Asset is listed at $2,399,000, representing a strategic acquisition near its $2,109,179 Fair Market Value. The valuation is anchored by a Strong Revenue Stream of $11,450 monthly gross rent and a premier location within the elite Cupertino School District. With a Condition Score of 4, the 1963 quadruplex features a versatile unit mix and private patios just moments from the Apple Spaceship Campus. This property is a premier choice for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset high-end Silicon Valley living costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5011 Lapa Dr Subject | $2,399,000* List Price | 0 | 0 | 3,158 | $668 | - |
A 380 Richfield Drive Sold | $2,300,000 | 0 | 0 | 3,827 | $601 | 0.4 mi |
B 4425 Blackford Avenue Sold | $2,355,000 | 0 | 0 | 3,846 | $612 | 0.7 mi |
C 5047 Lapa Drive Active | $1,999,990 List Price | 0 | 0 | 3,150 | $635 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
Situated moments from the Apple Spaceship Campus and major transit corridors like Highway 280, the location is ideal for high-income tech professionals.
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.
A recent price reduction from the original listing price indicates the property may have faced initial challenges in attracting buyers at its previous valuation.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,158 | 3,713 | 33% |
| Lot Size | 7,592 | 7,072.5 | 67% |
| Price | $2.40M | $2.19M | 83% |
| Price per sq ft | $760 | $601 | 83% |
| Built year | 1963 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 299 | 236 | 0% |
Feb 20, 2026
$2,399,000
$2,485,000
-3% Price Drop
Initial Listing
Jun 27, 2025
$2,485,000
Initial Listing
Jun 29, 2017
$1,495,000
Public Record