2150 Almaden Rd #147 · San Jose, CA 95125

$349,900

3 bd · 2.0 ba · 978 sqft · Manufactured · 44 Days on market

Built 2025 $358/sqft · 50% above area Est $234k · 50% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.0/30.0
• DSCR +4.9/10.0
• 1% rule +4.4/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this inviting 3-bedroom, 2-bath home offering approximately 978 sq. ft. of thoughtfully designed living space. The interior showcases crisp all-white cabinetry, sleek stainless-steel appliances, and an open layout perfect for both relaxing and entertaining. Energy-efficient features throughout the home help reduce utility costs while providing year-round comfort. Nestled in a desirable senior community, this home offers a great location with convenient access to shopping, dining, and neighborhood amenities. *The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase. Pictures may not depict exact home details.

Key facts

• Built 2025
• Listed 44 days

Tags

• ENERGY EFFICIENT FEATURES
• CONVENIENT ACCESS TO SHOPPING
• CONVENIENT ACCESS TO DINING
• NEIGHBORHOOD AMENITIES

Property features AI

Finance

• Other: Park home site on leased land
• HOA & community: Clubhouse; Community pool; Billiard room

Exterior

• Parking: Carport; Space number 147
• Utilities: Public water; Public sewer; Public utilities
• Home design: Leased land; Senior community (55+); Pet restrictions
• Exterior features: Composition roof

Interior

• Kitchen: Gas cooktop; Dishwasher; Range/oven; Microwave; Garbage disposal; Exhaust fan; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central forced air heating
• Interior features: No formal dining room; Stall shower
• Laundry & utility: Washer/dryer hookups only

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $350k.

Deal economics

• At list price, monthly cash flow is $172 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $328k (6.3% below list).
• Recommended offer: $328k (6.3% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 1.6% in San Jose — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• San Jose Unified (urban): math 39% / reading 52% proficiency, ranked #149 of 517 in CA (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+4.0%/yr); 119 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $45k; list at $350k implies a 678% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $327,834 (6.3% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.94% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.10%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (median comp): $234,000
• List price: $349,900
• Delta: 49.53%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2150 Almaden Rd #73	0.00mi	2/2.0 (-1)	960 (-2%)	2mo	$268,000	$279	90
2150 Almaden Rd #142	0.03mi	2/2.0 (-1)	880 (-10%)	0mo	$200,000	$227	77
2150 Almaden Rd #245	0.00mi	2/2.0 (-1)	1,000 (+2%)	22mo	$229,000	$229	73
2150 Almaden Rd #76	0.00mi	2/2.0 (-1)	1,040 (+6%)	19mo	$218,000	$210	69
2150 Almaden Rd #63	0.00mi	2/1.0 (-1)	832 (-15%)	17mo	$163,000	$196	52
2135 Little Orch #52	0.66mi	2/2.0 (-1)	1,000 (+2%)	20mo	$330,000	$330	44
2135 Little Orchard St #77	0.66mi	2/2.0 (-1)	880 (-10%)	19mo	$319,900	$364	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.97% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-42,476
• Equity at exit: $52,171

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-9,176
• Equity at exit: $30,253

Cash invested: $97,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95125

• Rents YoY: 4.0%
• Active inventory: 119
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,278 high
• Mortgage (P&I): −$1,835
• Tax est. 1.5%: −$437 /mo · $5,248/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$688
• Net cashflow: $172

Break-even live

Break-even rent $3,061

Max offer price $349,900

Occupancy floor 90%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2118 Canoas Garden Ave San Jose, CA	2.0	1.5–2.0	830	$2,745	$3.31	44d	7	0.20mi
1277 Babb Ct San Jose, CA	2.0	2.0	1123	$3,550	$3.16	4d	3	0.31mi
2435 Rinconada Dr Unit 1D San Jose, CA	2.0	1.0	676	$2,695	$3.99	44d	1	0.38mi
2445 Rinconada Dr San Jose, CA	1.0–2.0	1.0	600	$2,650	$4.42	44d	1	0.41mi
1109 Lincoln Ct San Jose, CA	2.0	2.0	1118	$3,600	$3.22	2d	1	0.68mi
1640 La Rossa Cir San Jose, CA	2.0	1.0	750	$2,782	$3.71	2d	2	0.99mi
2988 Grassina St #309 San Jose, CA	2.0	2.0	1048	$3,600	$3.44	2d	1	1.10mi
3200 Rubino Dr San Jose, CA	1.0–2.0	1.0–2.0	928	$3,740	$4.03	2d	1	1.12mi
273 Stonegate Cir San Jose, CA	2.0	1.0	704	$2,800	$3.98	44d	1	1.18mi
88 Montecito Vista Dr San Jose, CA	2.0	2.0	840	$2,691	$3.20	2d	1	1.41mi
1426 Ford Ave San Jose, CA	2.0	1.0	900	$2,800	$3.11	15d	1	1.42mi
1180 Brace Ave Apt 8 San Jose, CA	2.0	1.5	1100	$2,950	$2.68	44d	1	1.42mi

Listing history 21 events

1. 2026-06-18
   days on market $349,900 Active 44 DOM
2. 2026-06-17
   days on market $349,900 Active 43 DOM
3. 2026-06-16
   days on market $349,900 Active 42 DOM
4. 2026-06-15
   days on market $349,900 Active 41 DOM
5. 2026-06-13
   days on market $349,900 Active 39 DOM
6. 2026-06-13
   days on market $349,900 Active 38 DOM
7. 2026-06-09
   days on market $349,900 Active 35 DOM
8. 2026-06-08
   days on market $349,900 Active 34 DOM
9. 2026-06-07
   days on market $349,900 Active 33 DOM
10. 2026-06-05
    days on market $349,900 Active 30 DOM
11. 2026-06-03
    days on market $349,900 Active 29 DOM
12. 2026-06-02
    days on market $349,900 Active 28 DOM
13. 2026-06-01
    days on market $349,900 Active 27 DOM
14. 2026-05-31
    days on market $349,900 Active 26 DOM
15. 2026-05-05
    listed $349,900 Active 885-char remark

    Show marketing remark (885 chars)

    Welcome to this inviting 3-bedroom, 2-bath home offering approximately 978 sq. ft. of thoughtfully designed living space. The interior showcases crisp all-white cabinetry, sleek stainless-steel appliances, and an open layout perfect for both relaxing and entertaining. Energy-efficient features throughout the home help reduce utility costs while providing year-round comfort. Nestled in a desirable senior community, this home offers a great location with convenient access to shopping, dining, and neighborhood amenities. *The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase. Pictures may not depict exact home details.

16. 2026-05-05
    listed $349,900 Active 885-char remark

    Show marketing remark (885 chars)

    Welcome to this inviting 3-bedroom, 2-bath home offering approximately 978 sq. ft. of thoughtfully designed living space. The interior showcases crisp all-white cabinetry, sleek stainless-steel appliances, and an open layout perfect for both relaxing and entertaining. Energy-efficient features throughout the home help reduce utility costs while providing year-round comfort. Nestled in a desirable senior community, this home offers a great location with convenient access to shopping, dining, and neighborhood amenities. *The above information including square footage is based on data received from the seller and/or from public sources. This information is deemed reliable but has not been independently verified and cannot be guaranteed. Prospective buyers are advised to verify information to their own satisfaction prior to purchase. Pictures may not depict exact home details.

17. 2026-02-10
    historical
18. 2025-09-25
    listed Active
19. 2000-05-12
    historical
20. 2000-04-02
    soldstatus $45,000
21. 2000-03-24
    listed $46,950

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥94°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 17 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,340
• − Mortgage interest: −$19,600
• − Property taxes: −$5,248
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,147
• − Management: −$3,147
• − Depreciation: −$10,179
• Taxable loss: −$3,731
• Est. tax savings @ 24.0%: +$895
• After-tax cash flow: $2,957/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Jose Unified
• NCES district ID: 0634590
• Math proficiency: 39% ▼ -4.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $84,567
• Composite: 42.31/100
• National rank: #3259
• State rank: #149 of 517 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B- Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 54,419
• Household income: $160,738
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1772.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 47% Hispanic / Latino 29% Asian 17% Two or more races 17% Black 2%
• Hispanic origin (detail): Mexican 22%
• Common ancestry: Italian 3% Lithuanian 2% Romanian 2%
• Foreign-born: 24% · Canada, China, Vietnam
• Languages at home: 65% English-only · Spanish 18% Other Indo-European 4% Chinese 3%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1489.34%
• Current HPI: 364.2721
• Rent YoY: ▲ 3.97%
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+645.3% since first listed

7 events — show timeline

• 2026-05-05 Listed $349,900 MLSListings
• 2026-05-05 Listed $349,900 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-02-10 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-09-25 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2000-05-12 Listing Removed — MLSListings
• 2000-04-02 Sold (MLS) $45,000 MLSListings
• 2000-03-24 Listed $46,950 MLSListings

Property tax history

-11.2%/yr

Latest (2011): $206 · -14.8% YoY. Source: county tax records.