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5653 Via Monte Drive, San Jose, California 95118, San Jose, 95118 - bed, bath

5653 Via Monte Drive, San Jose, California 95118 home-pic-0
ACTIVE$1,700,000$3,364/sqft
5653 Via Monte Drive, San Jose, California 95118
0Bed
0Bath
3,364Sqft
8,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strategic Location & Accessibility: Situated in a desirable San Jose neighborhood with excellent access to major expressways (Almaden Expressway, Highway 85), Almaden Plaza, and key Silicon Valley employers, ensuring strong tenant demand.
Top Cons:
Building Age: Constructed in 1963, the property is over 60 years old. Despite recent upgrades, potential future capital expenditures related to aging core infrastructure (e.g., plumbing, electrical systems, roof beyond recent deck inspection) may arise.

Compared to the nearby listings

Price:$1.70M vs avg $1.75M ($-55,000)33%
Size:3,364 sqft vs avg 3,586 sqft50%
Price/sqft:$505 vs avg $50250%

More Insights

Built in 1963 (63 years old).
Condition: The property was built in 1963, making it over 60 years old. While the listing mentions 'ongoing upgrades' and the images show some updates like laminate flooring and newer kitchen appliances, the overall style of the kitchen (cabinets, countertops, tile flooring) and bathroom (vanity, tile) appears dated, suggesting renovations were likely done 15-30 years ago rather than recently. The units are clean and functional, indicating regular upkeep, but they show signs of being aged and would benefit from minor cosmetic updates to meet current aesthetic standards. The property is well-maintained for its age, but not extensively renovated to a modern standard.
Year Built
1963
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031572
Home ConditionFair
Features
Deck
Patio
View-

About this home

Magnify is pleased to present 5653 Via Monte Drive, a well-maintained four-unit multifamily property located in a desirable neighborhood of San Jose. The property features an attractive unit mix with spacious 2-bedroom, 1-bathroom residences, each with a private balcony or yard, supporting consistent rental demand. The building recently passed the SB-721 inspection of the decks/walkways as well. The two-story complex includes four covered carports and has benefited from ongoing upgrades throughout the units, reflecting thoughtful ownership and pride of care. Private outdoor spaces for each unit enhance tenant appeal, while the condition minimizes near-term capital expenditure requirements for new ownership. The building is also part of an HOA which provides access to a pool and security services. Strategically located with convenient access to Almaden Expressway and Highway 85, the property is just blocks from Almaden Plaza, offering a wide range of retail, dining, and everyday services. Proximity to major Silicon Valley employers further strengthens long-term rental demand and value appreciation. This offering represents an excellent opportunity to acquire a stable, well-located asset in one of San Joses most resilient rental markets.

D
David Katz
Listing Agent

Price History

Date
Event
Price
04/23/01
Sold
$725,000
06/11/99
Sold
$479,000
12/11/19
Sold
$1,650,000
07/08/15
Sold
$1,170,000
11/17/04
Sold
$755,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the listing mentions 'ongoing upgrades' and the images show some updates like laminate flooring and newer kitchen appliances, the overall style of the kitchen (cabinets, countertops, tile flooring) and bathroom (vanity, tile) appears dated, suggesting renovations were likely done 15-30 years ago rather than recently. The units are clean and functional, indicating regular upkeep, but they show signs of being aged and would benefit from minor cosmetic updates to meet current aesthetic standards. The property is well-maintained for its age, but not extensively renovated to a modern standard.
Pros & Cons

Pros

Strategic Location & Accessibility: Situated in a desirable San Jose neighborhood with excellent access to major expressways (Almaden Expressway, Highway 85), Almaden Plaza, and key Silicon Valley employers, ensuring strong tenant demand.
Robust Investment Opportunity: A well-maintained four-unit multifamily property (quadruplex) in a resilient rental market, offering consistent income and long-term value appreciation potential.
Minimised Near-Term Capital Expenditure: The property has undergone ongoing unit upgrades and recently passed the SB-721 inspection, significantly reducing immediate capital expenditure requirements for new ownership.
Enhanced Tenant Appeal & Amenities: Each spacious 2-bedroom unit features private outdoor spaces (balcony/yard), covered carports, and HOA access to a community pool and security services, boosting tenant satisfaction and retention.
Stable Unit Mix: An attractive and consistent unit mix of four 2-bedroom, 1-bathroom residences caters to a broad tenant base, supporting stable occupancy rates.

Cons

Building Age: Constructed in 1963, the property is over 60 years old. Despite recent upgrades, potential future capital expenditures related to aging core infrastructure (e.g., plumbing, electrical systems, roof beyond recent deck inspection) may arise.
HOA Fees and Restrictions: While offering amenities, being part of an HOA involves recurring fees and potential restrictions on property management or future renovations, which could impact net operating income or owner flexibility.
Limited Bathroom Count: All units are configured as 2-bedroom, 1-bathroom. In a competitive market, the single bathroom per unit might be a drawback for some prospective tenants or families compared to properties offering more bathrooms.
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