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ActiveCondo

$465,000

5497 Spinnaker Walkway Apt 2, San Jose 95123

Beds2
Baths1
Sqft903
DOM1
No Photos Available

AddressIntel AI Briefing

This San Jose property is evaluated purely as a residential condo investment, representing an excellent entry point well below the local market average on a price-per-foot basis. Lacking a multi-unit bulk play in the building, the focus is on a steady single-unit rental asset with highly predictable yields. Its turn-of-the-decade construction provides a solid, straightforward asset class for passive cash flow.

Property Permit History

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

Recent Neighborhood Remodeling (San Jose)

2026-09-174887 PEPPERWOOD WY , SAN JOSE CA 95124-5219
Single-Family
--Active
2026-09-172626 GASSMANN DR , SAN JOSE CA 95121-2811
Single-Family
--Active
2026-09-172968 BETSY WY , SAN JOSE CA 95133-2009
Single-Family
$1,759Active
2026-09-172287 RIORDAN DR , SAN JOSE CA 95130-2063
Single-Family
$22,236Active
2026-09-172474 KENWOOD AV , SAN JOSE CA 95128-1336
Single-Family
--Active
2026-09-171810 NELSON WY , SAN JOSE CA 95124-3627
Single-Family
--Active

Parcel & Zoning Info

APN69018202
Official Lot Sqft1,742
Zoning Code--
SB 9 StatusN/A

Condo Investment Snapshot

Value Score73/100
Price / Sqft$515 vs $582 mkt
Price vs Market-11.5% Below market
Est. Rent$1,615/mo

Price positioning vs. 131 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

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

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

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

Hayes Elementary

Oak Grove Elementary

0.6 miles away
Middle School

Davis (Caroline) Intermediate

Oak Grove Elementary

1.1 miles away
High School

Summit Public School: Tahoma

Santa Clara County Office of Education

0.1 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

100/100

Based on recent sales velocity and local demand in 95123.

Flippability Score

65/100

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

Bidding War Prob.

11%

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 12 recent condo sales in San Jose (95123): $529/sqft. Sized within 25% of the 1,400 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$770,000
New Build1,400 sqft
Total Capital Required$1,410,000
Estimated Resale (ARV)$740,600
Cost of Sale (5%)-$37,030
Net Proceeds$703,570

Projected Profit

-$706,430
-50.1% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Jose 95123)

Sized to the modelled 1,400 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

5933 Sunstone Dr Unit 218

Sold
$720,000
Sold: 2026-09-08
Lot: -
Sqft: 1229
$/Sqft: $586

539 Giuffrida Ave Apt B

Sold
$740,000
Sold: 2026-09-08
Lot: -
Sqft: 1333
$/Sqft: $555

343 Tradewinds Dr

Sold
$588,000
Sold: 2026-09-04
Lot: -
Sqft: 1122
$/Sqft: $524

295 Tradewinds Dr Apt 202

Sold
$682,000
Sold: 2026-08-31
Lot: 435
Sqft: 1466
$/Sqft: $465

311 Tradewinds Dr

Sold
$595,000
Sold: 2026-08-31
Lot: 1,122
Sqft: 1122
$/Sqft: $530

5933 Sunstone Dr Unit 306

Sold
$776,000
Sold: 2026-08-27
Lot: 20,425
Sqft: 1306
$/Sqft: $594

5232 Makati Cir

Sold
$640,000
Sold: 2026-08-27
Lot: -
Sqft: 1233
$/Sqft: $519

5320 Borneo Cir

Sold
$635,000
Sold: 2026-08-24
Lot: -
Sqft: 1122
$/Sqft: $566

1608 LA Terrace Cir

Sold
$575,000
Sold: 2026-08-21
Lot: 17,297
Sqft: 1138
$/Sqft: $505

5192 Makati Cir

Sold
$614,250
Sold: 2026-08-19
Lot: 1,264
Sqft: 1233
$/Sqft: $498

5392 Borneo Cir

Sold
$591,000
Sold: 2026-08-07
Lot: 1,250
Sqft: 1122
$/Sqft: $527

330 Oleander Dr

Sold
$970,000
Sold: 2026-07-27
Lot: 696
Sqft: 1378
$/Sqft: $704