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551 Northlake Drive — San Jose — 2,992 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+13 more

$1,830,000

91 DOM

$612/sqft— bd— ba2,992 sqft

Call

551 Northlake Dr San Jose, CA 95117

6,535sqft lot

Well-maintained fourplex centrally located in the Northlake neighborhood of West San Jose. All four units are 2BR/1BA with $95,580 annual gross income. First-floor units feature double-pane windows and laminate wood flooring. Recent upgrades include newer roof, front siding, water heater, and appliances (approx. 5 years), and freshly painted exterior. Fully rented with majority month-to-month tenancies, providing immediate cash flow for owner-occupied or investors. Prime location near Apple, Google, Netflix, eBay, Santana Row, and major commute routes including Hwy 280/880, San Tomas, and Lawrence Expressway.

MLS ML82031091

(408) 357-5700 (Office) 408-694-7542 (Cell) vlam@intero.com

Est. payment

$11,693/mo

Principal & interestTaxesInsurance

$9,253$1,906$534

Down %

Rate %

Years

Down payment: $366,000 · Total cost: $3,697,251

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$11,693/mo

Principal & interest: $9,253
Est. property tax: $1,906
Est. insurance: $534
Down payment: $366,000

Est. gross rent$7,625/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-4,068/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 14, 2026	$1,950,000	—

Facts & Features

Transaction Data

▼Price Reduced from $1,950,000 (−$120,000)

Annual Taxes$14,835

Structure & Property

Year Built1960

(408) 357-5700 (Office) 408-694-7542 (Cell) vlam@intero.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

551 Northlake Drive, San Jose, CA 95117

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Call

551 Northlake Dr San Jose, CA 95117

About this home

Valerie Lam

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Valerie Lam

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

551 Northlake Drive, San Jose, CA 95117

About This Property

Property Photos

551 Northlake Dr San Jose, CA 95117

About this home

Valerie Lam

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Valerie Lam

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.