# House Hacking in San José (95123): An entitled 328-unit TOD on a mature Blue Line spine · The Rent Hacker > San José 95123 for house hackers: The best-served operational-rail ZIP in south San José gets a 328-unit in-ZIP TOD activating the Blossom Hill urban village: Canonical: https://therenthacker.com/house-hacking/san-jose-blossom-valley-95123/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [South Bay guide](/house-hacking/south-bay/) · Tier A · Rank #7 of 60 # House hacking in San José (Blossom Valley / Blossom Hill-Snell). The best-served operational-rail ZIP in south San José gets a 328-unit in-ZIP TOD activating the Blossom Hill urban village: an entitled, near-term catalyst on a mature Blue Line spine. **Status check:** Verified 2026-07-17: a search surfaced Republic at Blossom Hill in pre-development and awaiting financing, but the only dated evidence (Aug 2024) predates the metro research and is already reflected in the "~2026 delivery" caveat and the Medium viability call. No news post-dates the doc, and the operational Blue Line anchor holds regardless; kept at A. ## What's actually happening in 95123 - Entitled, under development Republic at Blossom Hill (Blossom Hill Station Mixed-Use TOD): in-ZIP at 605 Blossom Hill Rd on the Blossom Hill VTA station lot; 328 units (239 market rate plus 89 affordable) and 15,000 sf retail; ~$118M; projected 2026 delivery, with an active EIR. [Republic at Blossom Hill](https://www.republicfamilyofcompanies.com/developments/republic-at-blossom-hill) - Adopted designation Blossom Hill/Snell Urban Village (Envision 2040): designations override base zoning, and the Republic project is the operative realization of that upzone lever. [Republic at Blossom Hill project record](https://www.republicfamilyofcompanies.com/developments/republic-at-blossom-hill) - Operational VTA Blue Line, operational since 1991: four in or adjacent park-and-ride stations (Blossom Hill, Snell, Santa Teresa, Cottle) with a one-seat ride to Downtown/Diridon and the North SJ corridor. Kaiser Permanente San José anchors the labor shed 2–3 mi south on the Cottle stop. [VTA Santa Teresa Station](https://www.vta.org/go/stations/santa-teresa) ## The numbers Median price ~$1,468,000 (2026) Market rent 3bd ~$4,200/mo (metro by-bed read, confirm per parcel) Property tax (Santa Clara County) 1.45% median effective (per-ZIP read, 2026-07-10; verify the TRA per parcel) Per-bed rent band $1,200–1,500/mo per bed ADU rent band 1bd $2,200–2,600, 2bd detached $2,700–3,100/mo Whole-home rent band $4,000–4,300/mo whole-home (3bd) Underwriting vacancy 4–4.5% underwriting vacancy Appreciation scenarios 2.5 / 3.5 / 4.5 %/yr (conservative / base / upside) Large 1960s–70s tract lots, bigger than East SJ stock. Appreciation basis: Republic at Blossom Hill plus the urban village carry the base; Blue Line durability and Kaiser demand are the upside, a lower band than the BART ZIPs with no new heavy-rail catalyst. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 95123 1 building in 95123 carry a record. 0 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [5746 Chesbro Ave](/property/rh-hbnvdn/5746-chesbro-ave/) 2 units · $1,449,000 −$1,116,847 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 95123, newest basis first. ## The house-hack angle SB-9 or ADU on the large 1960s–70s tract lots; by unit near the Blue Line. Rent lands with Blue Line commuters plus Kaiser workers. Watch HOA and BMR flags on condo and townhome tracts. ## What breaks it - Mature transit with no frequency upgrade coming: appreciation leans on the single TOD plus organic demand - HOA and BMR mislabels on attached product: verify title before underwriting a condo or townhome - High entry price for the avatar This page is the standing analysis. The weekly part, actual San José-area listings that pass the math, lands on the South Bay board every Friday. [This week's South Bay board](/board/sf-south-bay/) [This week's South Bay board](/board/sf-south-bay/) · [Read past South Bay issues](/issues/sf-south-bay/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-05, catalysts re-verified 2026-07-17. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.