Ranch-Style
New
For Sale
$1,598,000
480-482 Westlake Drive, San Jose, CA 95117
The property includes central forced-air heating and a fenced exterior.
Property Size1,996 SF
Price / SF$800.60
Days on Market6
Property Features for 480-482 Westlake Drive
General Information
Standard status
Active
Size
1,996 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R2
Lease Term
12 Months
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$303
Amenities
Central, Forced Air
Cooktop, Oven, Range, Washer, Disposal, Washer/Dryer, Dishwasher, Microwave, Refrigerator, Electric Cooktop, Gas Range
Fenced
Off Street, Attached, On Street
Ranch
Building Details
Building Size
1,996 SF
Year Built
1962
Buildings
2
Stories
1
Listing Agency:
Golden Gate Sotheby's International Realty
Listed By:
Amy McCafferty
(408) 387-3227
Source:
Evrealestate
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 7:25PM
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 Golden Gate Sotheby's International Realty
Investment Insights
Based on property information with market context.
This ranch-style duplex in San Jose contains 1,996 square feet and dates to 1962. Interior features include central forced-air heating and a kitchen equipped with a cooktop, oven, range, dishwasher, microwave, and refrigerator. A washer and dryer are also listed among the appliances.
The exterior is fenced, and parking options listed include attached, off-street, and on-street parking. The property is zoned R2 and is located at 480-482 Westlake Drive in Santa Clara County.
The exterior is fenced, and parking options listed include attached, off-street, and on-street parking. The property is zoned R2 and is located at 480-482 Westlake Drive in Santa Clara County.
Key Highlights
- Duplex property with 1,996 square feet
- Built in 1962
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,941
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,820
$898.8K
Cap Rate 7%
$642,014
$642.0K
Cap Rate 9%
$499,344
$499.3K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$67.1K $33.60/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$64.2K $32.17/SF
− OpEx
−$19.3K −$9.65/SF
NOI
$44.9K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,820
Cap Rate 7%
$642,014
Cap Rate 9%
$499,344
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.8K – $749.0K
NOI $44,941 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$593.1K
$519.0K – $692.0K
NOI $41,517 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,381 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes central forced-air heating and a fenced exterior.
Where is this duplex located?
The property is located at 480-482 Westlake Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Duplex property with 1,996 square feet; Built in 1962; R2 zoning
