5653 Via Monte Drive, San Jose, California 95118, San Jose, 95118 - 0 bed, 0 bath
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San Jose, California 95118
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $1,650,000—positioned slightly above the $1,642,033 Fair Market Value. While the property shows a Condition Rating of 4, its uniform two-bedroom floor plans and prime Cambrian location provide stable rental demand. The property offers significant modernization potential to increase long-term yields. With proximity to major retailers and top-tier universities, this is a reliable, income-generating acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking a foothold in the San Jose market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5653 Via Monte Drive Subject | $1,650,000* List Price | 0 | 0 | 3,364 | $488 | - |
A 5702 Tucson Dr Sold | $1,750,000 | 0 | 0 | 3,364 | $520 | 0.1 mi |
B 5718 Tucson Drive Active | $1,799,888 List Price | 0 | 0 | 3,364 | $535 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old and shows as a well-maintained but dated asset. While interior photos show some updates like newer laminate flooring and vinyl windows, the presence of popcorn ceilings and window AC units suggests older systems and a lack of a recent comprehensive renovation. It is functional and move-in ready for tenants but requires modernization of kitchens, baths, and HVAC to reach a higher condition rating.
The property features a uniform mix of two-bedroom floor plans equipped with private outdoor spaces and carport parking, which are highly attractive features for long-term tenants.
Situated in a desirable neighborhood with high walkability to major retailers like Target and Home Depot, and close proximity to major universities, ensuring a consistent and high-quality tenant pool.
Located within a reputable school district in a thriving San Jose market, this quadruplex offers significant potential for stable rental income and long-term capital appreciation.
Built in 1963, the property may require upcoming capital expenditures for system upgrades or structural maintenance typical of buildings of this vintage.
A price reduction from the original listing suggests the property may have faced initial market resistance, potentially reflecting a need for modernization to justify the valuation.
5653 Via Monte Dr is an exceptional fourplex located in the thriving city of San Jose, California. Situated on a parcel of land totaling 8,614 square feet, the subject property was originally constructed in 1963 and features a gross building area of approximately 3,364 square feet, offering tenants beautifully designed two-bedroom floor plans. 5653 Via Monte Dr also offers tenants convenient amenities such as private carport parking, private backyards for ground-level units, and private balconies for upstairs units. 5653 Via Monte Dr is situated within the Cambrian neighborhood, known for its peaceful residential streets, beautiful parks, and desirable school district. The subject property is also within walking distance to many major retailers such as Target, Home Depot, Home Goods, and much more. Additionally, the subject property is within close proximity to San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergraduate programs and 11th nationally for the executive MBA program based on U.S. News & World Report Rankings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,364 | 2,552 |
| Lot Size | 8,614 | 7,370 |
| Price | $1.65M | $1.54M |
| Price per sq ft | $490 | $655 |
| Built year | 1963 | 1961 |
| HOA | $0 | $0 |
| Days on market | 1 | 50 |
Jul 23, 2026
$1,650,000
Initial Listing
Jul 22, 2026
$1,700,000
Initial Listing
Dec 11, 2019
$1,650,000
Public Record
Jul 8, 2015
$1,170,000
Public Record
Nov 17, 2004
$755,000
Public Record
Apr 23, 2001
$725,000
Public Record
Jun 11, 1999
$479,000
Public Record