Residential Income
For Sale
$2,150,000
2965 Walgrove Way, San Jose, CA 95128
RM-zoned residential property with carport, assigned, common, and guest parking.
Property Size3,973 SF
Price / SF$541.15
Days on Market44
Property Features for 2965 Walgrove Way
General Information
Standard status
Active
Size
3,973 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RM
Lease Term
Month To Month
Site & Location
Neighborhood
Castlemont
Taxes and HOA fees
Annual Taxes
$28,378
Amenities
Coin Laundry
Other
Oven, Range, Disposal, Dishwasher, Exhaust Fan, Microwave, Refrigerator, Electric Range
Carport, Assigned, Common, Guest
Building Details
Building Size
3,973 SF
Year Built
1968
Buildings
1
Stories
2
Listing Agency:
Silicon Valley Multifamily Group
Listed By:
Michael Shields · License #1327546
(408) 356-1900
Source:
Evrealestate
Added: Sep 10
Changed: Oct 13
Last Checked: Oct 23 at 7:26AM
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 Silicon Valley Multifamily Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property contains 3,973 square feet and was built in 1968. Interior equipment includes an oven, range, disposal, dishwasher, exhaust fan, microwave, and refrigerator. Exterior parking features include a carport, assigned spaces, common parking, and guest parking.
The property is at 2965 Walgrove Way in San Jose, between Winchester Boulevard and Greenbriar Avenue.
The property is at 2965 Walgrove Way in San Jose, between Winchester Boulevard and Greenbriar Avenue.
Key Highlights
- 3,973 square feet of property area
- Built in 1968
- RM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,638
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,760
$1.7M
Cap Rate 7%
$1,180,543
$1.2M
Cap Rate 9%
$918,200
$918.2K
Market Conditions
NOI Build-Up for 3,973 SF
Gross rent
$157.3K $39.60/SF
− Vacancy
−$7.1K −$1.78/SF
EGI
$150.3K $37.82/SF
− OpEx
−$67.6K −$17.02/SF
NOI
$82.6K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,760
Cap Rate 7%
$1,180,543
Cap Rate 9%
$918,200
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,638 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,959 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - RM-zoned residential property with carport, assigned, common, and guest parking.
Where is this residential income property located?
The property is located at 2965 Walgrove Way San Jose, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 3,973 square feet of property area; Built in 1968; RM zoning
