Duplex with Private
2949-2951 Driftwood Drive San Jose, CA 95128
2949-2951 Driftwood Drive, San Jose, CA, 95128
$1,850,000
For Sale
$1,850,000
Duplex offering two residences: a 3-bedroom home with bonus space plus a separate 2-bedroom unit.
Property Size3,342 SF
Price / SF$553.56
Days on Market117
Property Features for 2949-2951 Driftwood Drive
General Information
- Standard status
- Active
- Size
- 3,342 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Coldwell Banker Realty
(408) 857-1638
Listed by
Kelly Ray · License #01962493
(408) 857-1638
Source
Exitrealty
Added: Mar 28 Updated: Jul 21 at 2:57PM Checked: Jul 22 at 9:04AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex features two separate residential layouts arranged around a private courtyard. One side offers a 3-bedroom, 2-bath residence with an expansive bonus area that could function as an additional bedroom, as well as private guest quarters and flexible space for a variety of household needs.
The second residence is a spacious 2-bedroom, 2-bath home. The property is described as being located near Downtown Campbell, Santana Row, Valley Fair, and The Pruneyard, supporting day-to-day convenience for residents.
For buyers seeking flexibility, the combination of unit sizes and the bonus space on the larger side provides multiple ways to configure living arrangements or use the property as a residential income asset.
The second residence is a spacious 2-bedroom, 2-bath home. The property is described as being located near Downtown Campbell, Santana Row, Valley Fair, and The Pruneyard, supporting day-to-day convenience for residents.
For buyers seeking flexibility, the combination of unit sizes and the bonus space on the larger side provides multiple ways to configure living arrangements or use the property as a residential income asset.
Key Highlights
- 1965‑built duplex with two separate residences near Downtown Campbell, Santana Row, Valley Fair, and The Pruneyard
- Total 3,300+ SF: 3‑bedroom, 2‑bath residence plus expansive bonus area that could serve as a 4th bedroom
- Bonus space options noted: private guest quarters, in‑law space, home gym, art studio, office, or potential additional rental income
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 | $112.3k | $33.60 |
| − Vacancy | −$4.8k | −$1.43 |
| EGI | $107.5k | $32.17 |
| − OpEx | −$32.2k | −$9.65 |
| NOI | $75.2k | $22.52 |
3,342 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$940.6K – $1.25M
NOI $75,247 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$993.0K
$868.9K – $1.16M
NOI $69,513 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,284 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering two residences: a 3-bedroom home with bonus space plus a separate 2-bedroom unit.
Where is this duplex located?
The property is located at 2949-2951 Driftwood Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1965‑built duplex with two separate residences near Downtown Campbell, Santana Row, Valley Fair, and The Pruneyard; Total 3,300+ SF: 3‑bedroom, 2‑bath residence plus expansive bonus area that could serve as a 4th bedroom; Bonus space options noted: private guest quarters, in‑law space, home gym, art studio, office, or potential additional rental income
