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ActiveMulti-Family

$2,150,000

2965 Walgrove Way, San Jose 95128

Beds8
Baths5.5
Sqft3,973
DOM8
No Photos Available

AddressIntel AI Briefing

With an elevated entry price relative to historical comps and zero applicable SB 9 or ADU pathways, a teardown or division strategy is highly unviable. The optimal path here is a high-end interior remodel of the existing structure to capture premium-tier buyers seeking turnkey status. Focus on modernizing the layout and updating finishes to stand out in an established neighborhood.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (San Jose)

2026-09-164335 STONE CANYON DR , SAN JOSE CA 95136-2421
1 & 2 Family Residential
--Active
2026-09-164633 BLUE RIDGE DR , SAN JOSE CA 95129-4302
Single-Family
$21,084Active
2026-09-161474 MCKENDRIE ST , SAN JOSE CA 95126-1619
Single-Family
$23,436Active
2026-09-16267 S 14TH ST , SAN JOSE CA 95112-2131
Single-Family
--Active
2026-09-162271 SUN GLORY LN A , SAN JOSE CA 95124-1457
Condo
--Active
2026-09-162389 LOST OAKS DR , SAN JOSE CA 95124-4935
Single-Family
--Active

Parcel & Zoning Info

APN27914002
Official Lot Sqft9,583
Zoning Code--
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

D
Special flood hazard area; insurance may be required.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Castlemont Elementary

Campbell Union

0.4 miles away
Middle School

Monroe Middle

Campbell Union

0.2 miles away
High School

Del Mar High

Campbell Union High

1.0 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

65/100

Based on recent sales velocity and local demand in 95128.

Flippability Score

10/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

20%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 9 recent multi-family sales in San Jose (95128): $471/sqft. Sized within 50% of the 6,000 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$3,300,000
New Build6,000 sqft
Total Capital Required$5,625,000
Estimated Resale (ARV)$2,826,000
Cost of Sale (5%)-$141,300
Net Proceeds$2,684,700

Projected Profit

-$2,940,300
-52.3% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Jose 95128)

Sized to the modelled 6,000 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

2949-2951 Driftwood Dr

Sold
$1,800,000
Sold: 2026-08-14
Lot: 7,800
Sqft: 3342
$/Sqft: $539

832 Deland Ave

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$1,590,000
Sold: 2026-07-15
Lot: 6,502
Sqft: 3510
$/Sqft: $453

971 Whitethorne Dr Apt N

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$3,550,000
Sold: 2026-06-23
Lot: 15,187
Sqft: 7980
$/Sqft: $445

2469 Olive Ave

Sold
$1,875,000
Sold: 2026-06-19
Lot: 4,725
Sqft: 3304
$/Sqft: $567

1011 Leigh Ave

Sold
$3,345,000
Sold: 2026-04-24
Lot: 10,369
Sqft: 6280
$/Sqft: $533

928 Ravenscourt Ave

Sold
$2,800,000
Sold: 2026-04-23
Lot: -
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$/Sqft: $421

921 Ravenscourt Ave

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$700,000
Sold: 2026-03-27
Lot: -
Sqft: 3328
$/Sqft: $210

2044 McDaniel Ave

Sold
$2,000,000
Sold: 2026-03-10
Lot: 7,360
Sqft: 3758
$/Sqft: $532

704 Concord Ave

Sold
$1,775,000
Sold: 2026-02-12
Lot: 9,148
Sqft: 3770
$/Sqft: $471