Three-Story Residential Income
1503 Alta Glen Drive San Jose, CA 95125
1503 Alta Glen Drive, San Jose, CA, 95125
$1,459,000
For Sale
$1,459,000
Three-story townhouse with two primary suites, updated kitchen, and a tenant-occupied ground-floor studio with its own entrance.
Property Size2,462 SF
Price / SF$592.61
Days on Market47
Property Features for 1503 Alta Glen Drive
General Information
- Standard status
- Active
- Size
- 2,462 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing Agency
Compass
(408) 832-2600
Listed by
Gina Marciano · License #01156361
(408) 832-2600
Source
Exitrealty
Added: Jun 5 Updated: Jul 20 at 4:50 pm Checked: Jul 20 at 4:50 pm
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 Compass
Investment Insights
Based on property information with market context.
This unique three-story townhouse offers an owner-and-rental setup with two primary suites on the top floor, each with updated bathrooms and room for a home office area. The kitchen has been updated with quartz counters, a new sink and faucet, select stainless appliances, and updated cabinet hardware. The living and dining room features high ceilings, a fireplace, and a quartz built-in cabinet/buffet.
The ground-floor studio rental is tenant occupied and includes its own entrance, a kitchenette, a laundry room, a storage closet, and a patio area off a rear slider. Outdoor space includes terracotta tiled balconies at the front entry and off the living room, plus a rear balcony off the main primary with a view of the shared backyard landscaping.
A two-car attached garage with storage cabinets provides secure entry into the home. The property is described as being near shopping, dining, and freeway access.
The ground-floor studio rental is tenant occupied and includes its own entrance, a kitchenette, a laundry room, a storage closet, and a patio area off a rear slider. Outdoor space includes terracotta tiled balconies at the front entry and off the living room, plus a rear balcony off the main primary with a view of the shared backyard landscaping.
A two-car attached garage with storage cabinets provides secure entry into the home. The property is described as being near shopping, dining, and freeway access.
Key Highlights
- 3‑story townhouse built in 1981 with a tenant‑occupied ground‑floor studio rental
- Updated kitchen with quartz counters, new sink and faucet, new stainless appliances, and updated cabinet hardware
- Two primary suites on the top floor, each with space for a home office area and updated bathrooms
Local Financial Insights For Multifamily LT 5
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 | $82.7k | $33.60 |
| − Vacancy | −$3.3k | −$1.34 |
| EGI | $79.4k | $32.26 |
| − OpEx | −$23.8k | −$9.68 |
| NOI | $55.6k | $22.58 |
2,462 SF · lease $33.60/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$794.2K
$695.0K – $926.6K
NOI $55,596 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$733.9K
$642.1K – $856.2K
NOI $51,370 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,081 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-story townhouse with two primary suites, updated kitchen, and a tenant-occupied ground-floor studio with its own entrance.
Where is this duplex located?
The property is located at 1503 Alta Glen Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,459,000.
What are key features of this property?
This property features: 3‑story townhouse built in 1981 with a tenant‑occupied ground‑floor studio rental; Updated kitchen with quartz counters, new sink and faucet, new stainless appliances, and updated cabinet hardware; Two primary suites on the top floor, each with space for a home office area and updated bathrooms
