San Jose Senior Community
For Sale
$498,000
829 Villa Teresa Way 829, San Jose, CA 95123
Three-bedroom home in active San Jose senior community.
Property Size1,550 SF
Price / SF$321.29
Days on Market99
Property Features for 829 Villa Teresa Way 829
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
Corcoran Icon Properties
(408) 772-3990
Listed By:
Roberta Peri · License #1276745
(408) 772-3990
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 8:32AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
Located in the Villa Teresa senior community in San Jose, this home features three bedrooms and two bathrooms within 1,550 square feet. The home includes a Trex deck entrance leading into a large, open living room. The kitchen is equipped with stainless steel appliances, including a side-by-side refrigerator, dishwasher, gas range, microwave, and kitchen island, complemented by granite counters and ample cabinetry, including glass-fronted cabinets. The primary bedroom suite features custom cabinetry, a large bathroom with a tub and shower, and a walk-in closet. There are also two guest bedrooms. A separate laundry room and pantry are included, with a like-new, top-of-the-line washer and dryer available for purchase. Tile flooring runs throughout the home, and it has 2" faux wood blinds, a high flat ceiling, crown molding, dual-pane windows, and stacked windows for natural lighting, as well as air conditioning and ceiling fans. The exterior was recently painted in December. Situated on an extra-large lot, the property includes a good-sized side yard, fruit trees, natural grass, and a storage shed housing an upright freezer. Villa Teresa is an active senior community, requiring one buyer to be 55 or older, with all other residents being 18+. Community amenities include a pool, spa, clubhouse, bocce ball court, and a community garden. The space rent is $1479 per month, subject to San Jose rent control. The bike score is 73, the walk score is 65, and the transit score is 33.
Key Highlights
- Active Senior Community (Villa Teresa) with great amenities like a pool, spa, clubhouse, bocce ball, and community garden. Age restrictions apply (one buyer 55+, others 18+).
- Enjoy low space rent of $1479/month in a San Jose Rent Controlled park.
- This 3‑bed, 2‑bath home features 1,550 sq ft, stainless steel appliances, granite counters, and tile flooring throughout.
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 | $61.4k | $39.60 |
| − Vacancy | −$3.4k | −$2.18 |
| EGI | $58.0k | $37.42 |
| − OpEx | −$26.1k | −$16.84 |
| NOI | $31.9k | $20.58 |
1,550 SF · lease $39.60/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$455.7K
$398.8K – $531.7K
NOI $31,902 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$493.6K
$431.9K – $575.9K
NOI $34,553 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95123, CA
70,040
Population
25,023
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
8,979
Density / Sq Mi
$136,364
Median Household Income
$64,536
Median Earnings
$2,953
Median Rent
$1,108,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Three-bedroom home in active San Jose senior community.
Where is this senior housing / retirement home located?
The property is located at 829 Villa Teresa Way 829 San Jose, CA.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Active Senior Community (Villa Teresa) with great amenities like a pool, spa, clubhouse, bocce ball, and community garden. Age restrictions apply (one buyer 55+, others 18+).; Enjoy low space rent of $1479/month in a San Jose Rent Controlled park.; This 3‑bed, 2‑bath home features 1,550 sq ft, stainless steel appliances, granite counters, and tile flooring throughout.
