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ActiveMulti-Family

$1,288,000

10 Topeka Ave, San Jose 95128

Beds3
Baths3
Sqft1,677
DOM58
No Photos Available

AddressIntel AI Briefing

With SB 9 not applicable and the asking price nearly matching the estimated new-build ARV, redevelopment is financially unfeasible. The ideal play is to operate the property as a premium rental asset, capitalizing on its historic charm and renovated status. This aligns well with the neighborhood's high percentage of renter households.

Property Permit History

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

Recent Neighborhood Remodeling (San Jose)

2026-10-19 • 192 NEW RIVER DR , SAN JOSE CA 95119-1850
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1 & 2 Family Residential
--Active
2026-10-19 • 639 N MONROE ST , SAN JOSE CA 95128-1341
Single-Family
$143,135Active
2026-10-19 • 1474 FAIRHAVEN CT , SAN JOSE CA 95118-1114
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$126,240Active
2026-10-19 • 6530 STONEHILL CT , SAN JOSE CA 95120-1614
Single-Family
$10,234Active

Parcel & Zoning Info

APN27417043
Official Lot Sqft5,227
Zoning CodeR1-n2
SB 9 StatusN/A

Seller Motivation

Motivation Score20/100
Low motivation
Tenant-occupied45+ days on market

Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.

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

Luther Burbank Elementary

Luther Burbank

0.2 miles away
Middle School

Herbert Hoover Middle

San Jose Unified

0.7 miles away
High School

Abraham Lincoln High

San Jose Unified

0.5 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

66/100

Based on recent sales velocity and local demand in 95128.

Flippability Score

30/100

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

Bidding War Prob.

23%

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 11 recent multi-family sales in San Jose (95128): $690/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 2,500 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.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$1,375,000
New Build2,500 sqft
Total Capital Required$2,838,000
Estimated Resale (ARV)$1,812,500
Cost of Sale (5%)-$90,625
Carry (33mo @ 7%)-$397,128
Net Proceeds$1,324,748

Projected Profit

-$1,513,253
-53.3% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Jose 95128)

Sized to the modelled 2,500 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

407 Raymond Ave

Sold
$1,220,000
Sold: 2026-07-07
Lot: 4,000
Sqft: 2080
$/Sqft: $587

1481-1483 Pompey Dr

Sold
$1,600,000
Sold: 2026-06-08
Lot: 7,216
Sqft: 2180
$/Sqft: $734

1454-1456 Merry Ln

Sold
$1,530,000
Sold: 2026-06-05
Lot: 7,192
Sqft: 2210
$/Sqft: $692

2937 Driftwood Dr

Sold
$100,000
Sold: 2026-04-01
Lot: 7,999
Sqft: 2242
$/Sqft: $45

820 Leigh Ave

Sold
$1,512,000
Sold: 2026-01-20
Lot: 6,300
Sqft: 2159
$/Sqft: $700

937 Lawton Ave

Sold
$1,410,000
Sold: 2026-01-16
Lot: 7,814
Sqft: 2355
$/Sqft: $599

800 Leigh Ave

Sold
$1,470,000
Sold: 2025-12-17
Lot: 6,300
Sqft: 2214
$/Sqft: $664

926-928 Goodwin Ave

Sold
$1,450,000
Sold: 2025-10-02
Lot: 8,030
Sqft: 1984
$/Sqft: $731

748 Concord Ave

Sold
$1,570,000
Sold: 2025-09-25
Lot: 7,410
Sqft: 2956
$/Sqft: $531

357 Richmond Ave

Sold
$1,500,000
Sold: 2025-09-08
Lot: 6,161
Sqft: 2114
$/Sqft: $710

2926 Rosemary Ln

Sold
$1,325,000
Sold: 2025-05-29
Lot: 6,820
Sqft: 1919
$/Sqft: $690