Duplex with Off-Street
New
For Sale
$1,598,000
480482 Westlake Drive, San Jose, CA 95117
R2 zoning and a kitchen equipped with a dishwasher, electric cooktop, disposal, and refrigerator.
Property Size1,996 SF
Price / SF$800.60
Days on Market6
Property Features for 480482 Westlake Drive
General Information
Standard status
Active
Size
1,996 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$303
Amenities
Central
Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator
Off 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 7:17PM
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 duplex was built in 1962 and has off-street parking. The kitchen includes a dishwasher, electric cooktop, disposal, microwave, and refrigerator. The property is zoned R2.
The duplex is on Westlake Drive in San Jose. Access directions place it off Saratoga Avenue, reached from Highway 280.
The duplex is on Westlake Drive in San Jose. Access directions place it off Saratoga Avenue, reached from Highway 280.
Key Highlights
- R2 zoning
- Built in 1962
- Off‑street parking
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
Location Intelligence
Trade Area within ½ mile
1,541
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R2 zoning and a kitchen equipped with a dishwasher, electric cooktop, disposal, and refrigerator.
Where is this duplex located?
The property is located at 480482 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: R2 zoning; Built in 1962; Off‑street parking
