
San Jose, California 95128
This Prime Investment Opportunity is a Residential Income Duplex listed at $1,250,000—positioned well below the $1,290,627 Fair Market Value by 3%. This valuation gap offers $40,627 in Instant Equity. With a Condition Rating of 3, the property features stable, verified income from long-term tenants, including a Section 8 unit. Its strategic location near Santana Row ensures low vacancy risk. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate, reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 Princess Anne Drive Subject | $1,250,000* List Price | 0 | 0 | 1,592 | $811 | - |
A 870 Leigh Avenue Sold | $1,295,000 | 0 | 0 | 1,786 | $725 | 0.3 mi |
B 330 Arleta Avenue Sold | $1,200,000 | 0 | 0 | 1,300 | $923 | 1.0 mi |
C 820 Leigh Avenue Sold | $1,512,000 | 0 | 0 | 2,159 | $700 | 0.3 mi |
D 932 Princess Anne Drive Active | $1,175,000 List Price | 0 | 0 | 1,692 | $694 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1954, the property is well-maintained with clear evidence of recent interior updates including new laminate flooring, recessed lighting, and fresh paint. The exterior and landscaping are in good condition, and while the heating system relies on older wall units, the property is functional, move-in ready, and currently income-generating.
The property is fully leased with long-term tenants, including one Section 8 unit, providing guaranteed and immediate cash flow from day one.
Positioned near Willow Glen and Santana Row with excellent freeway access, the property is located in a high-demand rental pocket with strong appreciation potential.
The combination of market-rate and government-assisted housing in a supply-constrained market ensures consistent occupancy and reliable revenue streams.
Built in 1954, the property may require more frequent maintenance or capital improvements to aging systems compared to newer construction.
With only one bathroom per unit and modest square footage, the property may face competition from newer or larger multi-family assets in the area.
Two words Silicon Valley investors have been waiting to hear: already leased. Welcome to 962/964 Princess Anne Drive, a well maintained income producing duplex tucked in one of San Jose's most strategically positioned pockets, where Willow Glen charm meets Santana Row convenience and Silicon Valley's freeway grid puts the entire Peninsula within reach. Looking to lock in long-term cash flow in a market where vacancy is the real risk, this property checks every box. Sitting on a generous 6,300 square foot lot, this side-by-side duplex delivers two mirrored 2-bedroom, 1-bath units at approximately 822 & 823 square feet each totaling 1,592 square feet of rentable living space. Both units are occupied with long-term tenants providing stable, verified income from day one. Unit 962 is leased at market rate to a long-term tenant with an established payment history. Unit 964 is assisted under the Section 8 Housing payments made directly and reliably to the owner each month a built-in income guarantee With the national housing shortage showing no signs of easing and HCV vacancy rates among the lowest in any asset class, this dual-income stream represents exactly the kind of stability an investor is looking for.
No exterior & parking available.
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,592 | 2,552 |
| Lot Size | 6,300 | 7,370 |
| Price | $1.25M | $1.54M |
| Price per sq ft | $785 | $655 |
| Built year | 1954 | 1961 |
| HOA | $0 | $0 |
| Days on market | 22 | 50 |
Jul 1, 2026
$1,250,000
Initial Listing