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    Remodeled Senior Living Home Title is generated by Realmo AI

    391 Millpond Dr 391, San Jose, CA 95125

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    For Sale
    $399,500

    Fully remodeled 1,680 SF home in 55+ community.

    Type:Commercial
    Property size:
    1,680 SF
    Price / SF:
    $237/SF
    Added:
    Apr 24, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 24 at 3:59 pm

    Property Features for 391 Millpond Dr 391

    General Information

    Standard status
    Active
    Size
    1,680 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

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    Listing Contact
    Ben Beveridge

    Listing agent Ben Beveridge

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ben Beveridge

    HighLights

    • No property taxes
    • Fully remodeled 1,680 sq ft triple‑wide home
    • Located in the desirable 55+ Millpond MHC of Willow Glen
    • Modern kitchen with new cabinetry, stainless steel appliances, and breakfast bar
    • Rare one‑car garage plus additional parking space
    • Charming patio deck accessible from dining area and primary bedroom

    Overview

    This is a fully remodeled 1,680-square-foot triple-wide home located in the Millpond MHC of Willow Glen, a 55+ community. The residence features an open floor plan, including a large living room and a modern kitchen. The kitchen is equipped with new cabinetry, stainless steel appliances, and a breakfast bar. The home includes two bedrooms and two bathrooms. The property has a one-car garage and an additional parking space. A patio deck is accessible from the dining area and the primary bedroom. The location is accessible to dining and shopping. The bike score is 75, indicating it is very bikeable. The walk score is 63, indicating it is somewhat walkable. The transit score is 48, indicating some transit options are available. The space rent is $1254.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $66.5k $39.60
    − Vacancy −$2.8k −$1.66
    EGI $63.7k $37.94
    − OpEx −$28.7k −$17.07
    NOI $35.1k $20.87
    1,680 SF · lease $39.60/SF/yr · vacancy 4.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $500.8K
    $438.2K – $584.2K (±1% cap)
    NOI $35,054 @ 7.0% cap · market cap 8.77%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.01M
    $887.8K – $1.18M (±1% cap)
    NOI $71,022 @ 7.0% cap · market cap 17.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Senior Housing / Retirement ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.866815
    Latitude
    37.293062

    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Fully remodeled 1,680 SF home in 55+ community.
    Where is this senior housing / retirement home located?
    The property is located at 391 Millpond Dr 391 San Jose, CA.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: No property taxes; Fully remodeled 1,680 sq ft triple‑wide home; Located in the desirable 55+ Millpond MHC of Willow Glen
    More about this property
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