, California, San Jose, 95122 - 6 bed, 2 bath
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This High-Capacity Value-Add Asset is listed at $1,199,000, compared to a $1,106,484 Fair Market Value. Situated in a core San Jose neighborhood, the property boasts a rare 6-bedroom layout and a 5,700 sqft lot, providing a unique foundation for a high-yield rental or multi-generational conversion. Currently assigned a Condition Rating of 6, the residence is a prime candidate for a complete overhaul or redevelopment to meet modern Silicon Valley standards. This project is best suited for Fix-and-Flip Investors or Developers focused on maximizing density and long-term appreciation.
Property is land value only, full reconstruction required.
The property was built in 1968, making it 56 years old. Without any provided images or explicit mention of recent major renovations in the MLS details, it falls under the 'Tear-down' criteria: 'Property was built over 50 years ago with had no major renovations in the past 50 years.' A definitive assessment of the kitchen, bathrooms, and other interior features is impossible without visual information, but based solely on the age and lack of renovation data, it is presumed to require extensive work or be a candidate for redevelopment.
With 6 bedrooms, this property offers significant flexibility for large families, multi-generational living, or potential for multiple home offices, a strong selling point in the San Jose market.
Located in San Jose, a major Silicon Valley hub, the property benefits from a strong job market, excellent amenities, and a historically appreciating real estate market.
As a single-family home, it offers privacy, land ownership, and typically better long-term appreciation compared to attached housing options.
Listed since May 2022, the property has been active for over two years. This extended market time is a significant red flag, suggesting it may be overpriced, have underlying issues, or lack buyer appeal.
Built in 1968, the home is over 50 years old, likely requiring significant updates to major systems (plumbing, electrical, HVAC) and aesthetics to meet modern buyer expectations and standards.
Six bedrooms with only two bathrooms in 1574 sqft suggests very small room sizes, potentially awkward layouts, or unpermitted conversions, and an inadequate number of bathrooms for the bedroom count, which can be a functional drawback for a large household.
Exceptional opportunity in California. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,574 | 1,683.5 |
| Lot Size | 5,700 | 6,300 |
| Price | $1.20M | $1.70M |
| Price per sq ft | $762 | $1000 |
| Built year | 1968 | 1966 |
| HOA | $0 | $160 |
| Days on market | 1514 | 35 |
May 31, 2022
$1,199,000
Initial Listing