1454 Merry Ln San Jose, CA 95128
Castlemont NeighborhoodEstimated payment $10,859/month
Highlights
- 2 Car Detached Garage
- Ceiling Fan
- 1-Story Property
- Forced Air Heating System
- Washer and Dryer
About This Home
High-Yield Investment Opportunity! This meticulously maintained duplex at 1454-1456 Merry Lane is a standout in the 95128 market, generating $6,550 in consistent monthly income. Located in a quiet, sought-after pocket bordering Campbell and the Pruneyard, it offers an unbeatable blend of immediate cash flow and Silicon Valley appreciation. Unit 1454 (3BR/2BA): A true showstopper, fully renovated top-to-bottom in 2021. Features a modern open-concept kitchen, designer bathrooms, stylish wood flooring, and fresh paint. Currently earning $4,000/mo. Unit 1456 (2BR/1BA): A solid performer at $2,550/mo. Both units enjoy private backyards, attached one-car garages, and separate PG&E meters. With a low vacancy history and long-term, reliable tenants on month-to-month leases, this is a "set-and-forget" asset for any portfolio. Quick access to I-280, Hwy 17, and major tech campuses!
Property Details
Home Type
- Multi-Family
Year Built
- 1958
Parking
- 2 Car Detached Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Duplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,210 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Washer and Dryer
Utilities
- Forced Air Heating System
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Gardener Expense $950
- Insurance Expense $3,231
- Maintenance Expense $350
- Utility Expense $1,663
- Operating Expense $28,728
- Gross Income $78,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,905 | $1,569,525 | $1,136,553 | $432,972 |
| 2024 | $22,163 | $1,538,751 | $1,114,268 | $424,483 |
| 2023 | $21,732 | $1,508,580 | $1,092,420 | $416,160 |
| 2022 | $21,501 | $1,479,000 | $1,071,000 | $408,000 |
| 2021 | $13,698 | $851,077 | $591,074 | $260,003 |
| 2020 | $13,150 | $842,351 | $585,014 | $257,337 |
| 2019 | $12,885 | $825,836 | $573,544 | $252,292 |
| 2018 | $12,508 | $809,645 | $562,299 | $247,346 |
| 2017 | $11,531 | $793,771 | $551,274 | $242,497 |
| 2016 | $10,897 | $778,208 | $540,465 | $237,743 |
| 2015 | $10,750 | $766,519 | $532,347 | $234,172 |
| 2014 | -- | $751,505 | $521,920 | $229,585 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $1,688,000 | -- | $764 / Sq Ft |
Source: MLSListings
MLS Number: ML82039389
APN: 279-28-071
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