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PendingMulti-Family

$1,998,000

3851 Blackford Ave, San Jose 95117

Beds8
Baths5.5
Sqft4,514
DOM19
No Photos Available

AddressIntel AI Briefing

High lot coverage and the lack of SB 9 eligibility block any density expansion on this property. While a high-end cosmetic renovation is possible, the narrow spread between purchase price and size-matched ARV leaves very little margin. Developers are exposed to high downside risk in this scenario.

Property Permit History

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

Recent Neighborhood Remodeling (San Jose)

2026-08-22391 VALE DR , SAN JOSE CA 95123-4428
Single-Family
$17,319Active
2026-08-224591 MOSSBROOK CL , SAN JOSE CA 95130-1755
Single-Family
--Active
2026-08-221171 COPPER PEAK LN , SAN JOSE CA 95120-4235
1 & 2 Family Residential
--Active
2026-08-221021 CAROLYN AV , SAN JOSE CA 95125-4308
Single-Family
--Active
2026-08-225993 INDIAN AV , SAN JOSE CA 95123-4013
1 & 2 Family Residential
--Active
2026-08-226364 WOOSLEY DR , SAN JOSE CA 95123-5268
1 & 2 Family Residential
--Active

Parcel & Zoning Info

APN29938105
Official Lot Sqft8,712
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.

Nearby Public Schools

Elementary School

Lynhaven Elementary

Campbell Union

0.5 miles away
Middle School

Monroe Middle

Campbell Union

1.5 miles away
High School

Boynton High

Campbell Union High

0.3 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

77/100

Based on recent sales velocity and local demand in 95117.

Flippability Score

35/100

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

Bidding War Prob.

24%

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 multi-family sales in San Jose (95117): $648/sqft. No size-matched sales in San Jose, so this median mixes build sizes and reads high for a large rebuild.

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$3,740,000
New Build6,800 sqft
Total Capital Required$5,913,000
Estimated Resale (ARV)$4,406,400
Cost of Sale (5%)-$220,320
Net Proceeds$4,186,080

Projected Profit

-$1,726,920
-29.2% ROI

Warning: Project is mathematically underwater.

Recent Comparables (San Jose 95117)

No size-matched sales in San Jose, so these are unmatched on size and the ARV below is a loose estimate.

1275 Eden Ave

Sold
$1,600,000
Sold: 2026-08-14
Lot: 8,775
Sqft: 2292
$/Sqft: $698

3216 Neal Ave

Sold
$1,600,000
Sold: 2026-07-28
Lot: 8,064
Sqft: 2552
$/Sqft: $627

822 Opal Dr

Sold
$1,520,000
Sold: 2026-07-21
Lot: 7,148
Sqft: 2686
$/Sqft: $566

770 Opal Dr

Sold
$1,485,000
Sold: 2026-07-13
Lot: 7,200
Sqft: 2314
$/Sqft: $642

1106 Boynton Ave

Sold
$1,550,000
Sold: 2026-07-01
Lot: 6,300
Sqft: 2210
$/Sqft: $701

3228 Neal Ave

Sold
$1,750,000
Sold: 2026-06-10
Lot: 9,040
Sqft: 2552
$/Sqft: $686

995 Desert Isle Dr

Sold
$1,200,000
Sold: 2026-06-01
Lot: 6,976
Sqft: 2248
$/Sqft: $534

929 Gretchen Ln

Sold
$1,300,000
Sold: 2026-04-29
Lot: 6,754
Sqft: 1536
$/Sqft: $846

3603 Greenlee Dr

Sold
$5,950,000
Sold: 2026-04-17
Lot: 25,443
Sqft: 18400
$/Sqft: $323

1295 Flora Ave

Sold
$1,360,000
Sold: 2026-03-03
Lot: 7,675
Sqft: 2074
$/Sqft: $656

1112 Nottingham Pl

Sold
$1,550,000
Sold: 2026-02-17
Lot: 6,600
Sqft: 2372
$/Sqft: $653

3228 Williamsburg Dr

Sold
$1,620,000
Sold: 2026-01-08
Lot: 7,448
Sqft: 2880
$/Sqft: $563