Two-Bedroom Triplex
770 Opal Drive San Jose, CA 95117
770 Opal Drive, San Jose, CA, 95117
$1,495,000
For Sale
$1,495,000
Well-maintained three-unit triplex with three two-bedroom, one-bath residences on one parcel.
Property Size2,314 SF
Lot Size0.17 Acres
Price / SF$646.07
Days on Market40
Property Features for 770 Opal Drive
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing agency
Marcus & Millichap
(408) 483-5040
Listed by
Jimmy Castellanos · License #02024152
(408) 483-5040
Source
Exitrealty
Added: Jun 12 Updated: Jul 20 at 10:08PM Checked: Jul 21 at 6:05AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
770 Opal Drive is a well-maintained three-unit triplex offering a unit mix of three spacious two-bedroom, one-bathroom residences. Originally constructed in 1959, the property totals approximately 2,134 square feet across the three units.
The triplex is located in the Lynhaven neighborhood of West San Jose, next to Santana Row and in close proximity to downtown Campbell. The community sits on a 7,200 square foot parcel.
Each unit is described as having a two-bedroom floor plan, supporting consistent layout and tenant use across the property.
The triplex is located in the Lynhaven neighborhood of West San Jose, next to Santana Row and in close proximity to downtown Campbell. The community sits on a 7,200 square foot parcel.
Each unit is described as having a two-bedroom floor plan, supporting consistent layout and tenant use across the property.
Key Highlights
- Well‑maintained 1959 triplex with three units total, all configured as 2‑bedroom/1‑bath residences
- Located on a 7,200 SF parcel with approximately 2,134 SF total building area
- Unit mix: three spacious two‑bedroom/one‑bath homes
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 | $77.8k | $33.60 |
| − Vacancy | −$3.3k | −$1.43 |
| EGI | $74.4k | $32.17 |
| − OpEx | −$22.3k | −$9.65 |
| NOI | $52.1k | $22.52 |
2,314 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$744.3K
$651.3K – $868.4K
NOI $52,101 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$687.6K
$601.6K – $802.2K
NOI $48,131 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,825 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Well-maintained three-unit triplex with three two-bedroom, one-bath residences on one parcel.
Where is this triplex located?
The property is located at 770 Opal Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Well‑maintained 1959 triplex with three units total, all configured as 2‑bedroom/1‑bath residences; Located on a 7,200 SF parcel with approximately 2,134 SF total building area; Unit mix: three spacious two‑bedroom/one‑bath homes
