Senior Community 3-Bed
829-829 Villa Teresa Way San Jose, CA 95123
829-829 Villa Teresa Way, San Jose, CA, 95123
$498,000
For Sale
$498,000
3-bed, 2-bath home with tile floors, Trex deck entry, stainless appliances, and dual-pane windows.
Property Size1,550 SF
Price / SF$321.29
Days on Market136
Property Features for 829-829 Villa Teresa Way
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- Manufactured In Park
Listing agency
Corcoran Icon Properties
(408) 772-3990
Listed by
Roberta Peri · License #1276745
(408) 772-3990
Source
Exprealty
Added: Mar 9 Updated: Jul 21 at 3:08AM Checked: Jul 21 at 3:08AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
A 3-bedroom, 2-bath senior community home featuring a Trex deck entrance into a large open living room. The kitchen includes stainless steel appliances, an island, granite counters, and abundant cabinetry with display glass doors. The primary suite offers custom cabinetry, an LG bath with tub and shower, and a walk-in closet, with two additional guest bedrooms. Interior highlights include tile flooring throughout, crown molding, a high flat ceiling, dual-pane windows with additional stacked windows for natural light, and ceiling fans with “sun tunnels.” Amenities include an AC system, separate laundry room, pantry, and the option to purchase a like-new washer/dryer. Storage includes a shed that houses an upright freezer, and the exterior has fresh exterior paint completed 12/25, plus a side yard with fruit trees and natural grass.
Located at 829-829 Villa Teresa Way in San Jose, Villa Teresa is an active senior community with community amenities that include a pool, spa, clubhouse, bocce ball, and a community garden for residents.
The park states that one buyer must be 55, while all other occupants must be 18 or older.
Located at 829-829 Villa Teresa Way in San Jose, Villa Teresa is an active senior community with community amenities that include a pool, spa, clubhouse, bocce ball, and a community garden for residents.
The park states that one buyer must be 55, while all other occupants must be 18 or older.
Key Highlights
- 3‑bed, 2‑bath senior home in Villa Teresa with open living room and 1,550 sq ft interior
- Trex deck entrance; kitchen includes side‑by‑side refrigerator, gas range, microwave, dishwasher, and kitchen island
- Granite counters throughout with lots of kitchen cabinetry, including glassed cabinet doors for display
Local Financial Insights For Apartment 5plus
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 | $61.4k | $39.60 |
| − Vacancy | −$3.4k | −$2.18 |
| EGI | $58.0k | $37.42 |
| − OpEx | −$26.1k | −$16.84 |
| NOI | $31.9k | $20.58 |
1,550 SF · lease $39.60/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$455.7K
$398.8K – $531.7K
NOI $31,902 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$493.6K
$431.9K – $575.9K
NOI $34,553 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Senior Housing / Retirement ...
Similar For Sale Nearby
FAQs
What type of property is this?
Senior housing / Retirement Home - 3-bed, 2-bath home with tile floors, Trex deck entry, stainless appliances, and dual-pane windows.
Where is this senior housing / retirement home located?
The property is located at 829-829 Villa Teresa Way San Jose, CA.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 3‑bed, 2‑bath senior home in Villa Teresa with open living room and 1,550 sq ft interior; Trex deck entrance; kitchen includes side‑by‑side refrigerator, gas range, microwave, dishwasher, and kitchen island; Granite counters throughout with lots of kitchen cabinetry, including glassed cabinet doors for display
