3557 San Felipe Road is a charming 5-unit property located near the highly desireable Silver Creek area of San Jose. The property has a newer comp shingle roof (2020 with permit) and water heater (2024 with permit). All units are 1+1 with spacious layouts and ample closet space. Tenants benefit from a 2:1 on-site parking ratio and close proximity to recreation options such as Coyote Creek Trail, Evergreen Village Square and Duck Pond, and the 178 acre Hellyer County Park featuring playgrounds, dog park, hiking, picnic tables, fishing, biking, and courts.
Multi-familyProperty Type
1945Year Built
8,960 sq ftLot Size
$336Price/Sq.Ft.
5 spacesParking
Listed by Joel Hopman•DRE #01934574• Newmark Cornish & Carey
Listed by Steve Zirelli•DRE #01929245• Cornish & Carey Commercial
Contact: 415-722-2200
Bought with Lynne Tran•DRE #01293229• Intero Real Estate Services
3557 San Felipe Road is a charming 5-unit property located near the highly desireable Silver Creek area of San Jose. The property has a newer comp shingle roof (2020 with permit) and water heater (2024 with permit). All units are 1+1 with spacious layouts and ample closet space. Tenants benefit from a 2:1 on-site parking ratio and close proximity to recreation options such as Coyote Creek Trail, Evergreen Village Square and Duck Pond, and the 178 acre Hellyer County Park featuring playgrounds, dog park, hiking, picnic tables, fishing, biking, and courts.
Year
Property tax
Land + Additions
Assessment*
2025
$10,433 (+2.0%)
$101,541 + $243,732
$345,273
2024
$10,232 (+3.6%)
$99,550 + $238,953
$338,503
2023
$9,873 (+1.4%)
$97,599 + $234,268
$331,867
2022
$9,732 (+4.6%)
$95,686 + $229,675
$325,361
2021
$9,302 (+6.6%)
$93,810 + $225,172
$318,982
2020
$8,728 (+4.2%)
$91,971 + $220,757
$312,728
2019
$8,379 (+2.4%)
$91,028 + $218,494
$309,522
2018
$8,182 (+2.1%)
$89,244 + $214,210
$303,454
2017
$8,017 (+4.6%)
$85,780 + $205,893
$291,673
2016
$7,663 (+1.6%)
$85,780 + $205,893
$291,673
2015
$7,541 (+44.7%)
$84,099 + $201,856
$285,955
2014
$5,210 (+1.0%)
$81,214 + $194,930
$276,144
2012
$5,160 (+1.6%)
$80,847 + $194,050
$274,897
2011
$5,081 (+1.0%)
$79,262 + $190,246
$269,508
2010
$5,032 (+2.6%)
$77,708 + $186,516
$264,224
2009
$4,904 (+9.8%)
$77,128 + $185,123
$262,251
2008
$4,466
$75,797 + $181,925
$257,722
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
8,960 Sq. Ft.
Year renovated
1945
Sq. Ft.
3,032
Year built
1945
Style
Multi-Family (5+ Unit)
County
Santa Clara County
APN
67633008
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
R-1-5
Residence District (5du per acre)
The purpose of the single-family residence district is to reserve land for the construction, use and occupancy of single-family subdivisions. The allowable density range for the R-1 districts is one to eight dwelling units per acre.
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Housing-Single unit
Housing-Senior
Educational/school
Library
Museum / gallery
Park & open space
May 3, 2022 • Final
Multiple attached dwellings
Gas
Plumbing
Water heater
Aug 4, 2020 • Final
Multiple attached dwellings
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Carport (Minimum): 5
Parking Description: Assigned Spaces, Covered Parking, Tandem Parking
Parking Spaces: 5
Interior
Heating & Cooling Information
Heating: Forced Air, Wall Furnace
Multi-Unit Information
# of Units in Complex (Minimum): 5
Annual Rental Income: $118,440
Annual Gross Income: $114,887
Gross Rent Multiplier: 10.68
Gross Scheduled Income: $118,440
Other Expenses: $2,945
Total Expenses: $42,488
Vacancy Factor: 3
Unit Type 1 Information
# of Bedrooms: 1
# of Units (Total): 5
# of Baths (Full): 1
Approx Sq. Ft.: 600
Rent: $1,890
Exterior
Exterior Features
Roof: Composition, Shingle
Building Information
# of Buildings: 1
Subclass: 5+ Units
Concrete Perimeter
Property Features
Living Sq. Ft.: 3,032
Property Information
Property Primary ID: 412337
Tenant Expenses: Utilities (Electric)
Land Information
Landscape Expense: $1,200
Lot Information
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R1B2
Financial
Tax/Assessment Information
Annual Tax Amount: $22,111
Utilities
Utility Information
Meters: Primary Gas, Primary Water, Separate Electric
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters
Utility Expenses: $5,134
Water Information
Water: Public
Location
School Information
Elementary School: Evergreen Elementary
Elementary School District: Evergreen Elementary
Middle School: Chaboya Middle
High School: Silver Creek High
High School District: East Side Union High
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,032
Stories: 2.0
Lot Size: 8,960 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1945
Year Renovated: 1945
County: Santa Clara County
APN: 67633008
Home facts updated by county records on Aug 24, 2026
Around this home
Schools
Evergreen Elementary School
Public K-6 • Assigned • 0.4mi
9/10
Chaboya Middle School
Public 7-8 • Assigned • 1.3mi
8/10
Silver Creek High School
Public 9-12 • Assigned • 1.2mi
9/10
Provided by GreatSchools
Local insights from Redfin agents
San Jose’s housing market is cooling slightly, with median sale prices down 3.6% year over year to $1.4 million. Buyers may gain negotiating opportunities, while sellers should price competitively and showcase their homes to attract strong offers
San Jose’s median sale price is approximately $1.4M, down 3.6% year over year. Homes sell in a median of 21 days, with a 101.5% sale-to-list ratio. Buyers may benefit from increased inventory & negotiating opportunities, while sellers should...
San Jose's late summer market remains incredibly dynamic! While median prices hold steady around $1.5M, homes average 15 days on market, giving buyers a bit of breathing room on older properties. Yet, pristine turnkey gems still spark bidding wars....
Estimated 10-16% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 94° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
19 unhealthy days expected this year, 19 days in 30 years
Provided by First Street
Historical weather
San Jose, CA • 95135
Average low and high temperatures (°F)
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75
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63
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45
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Sun exposure
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in San Jose. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.