
San Jose, California 95127
Perched in the scenic East San Jose Foothills, this unique 0.33-acre estate presents a rare multi-unit development opportunity featuring two distinct residences and sweeping panoramic views of the Downtown San Jose skyline. The property is intelligently configured with a charming one-bedroom cottage at the front and a private two-bedroom retreat situated further up the hill, providing an ideal setup for multi-generational living or high-yield rental income. A centrally located patio offers a premier vantage point for city views, while the expansive lot includes a secure one-car garage and significant additional space for parking or professional storage. This versatile property combines essential amenities with immense "value-add" potential, offering a sophisticated foundation for buyers looking to modernize, expand, or capitalize on a high-upside investment in a prime Silicon Valley location.
Property is extensive renovation needed.
Built in 1938, this property shows significant signs of age and deferred maintenance. The kitchen and bathrooms are highly dated, featuring 1980s-style oak cabinetry and worn tile countertops. The interior layout is cramped with aging systems, and the exterior shows significant debris and weathered structures. The listing's emphasis on 'development opportunity' and 'value-add' confirms the buildings require a total rehab or replacement.
The property features two distinct residences—a one-bedroom cottage and a two-bedroom retreat—offering an ideal configuration for multi-generational living or dual rental income streams.
Situated on a generous 0.33-acre lot, this estate provides significant 'value-add' opportunities for expansion, modernization, or redevelopment in a high-demand Silicon Valley location.
Perched in the East San Jose Foothills, the property offers sweeping, unobstructed views of the Downtown San Jose skyline, significantly enhancing its aesthetic appeal and long-term value.
Originally built in 1938, the existing structures likely require substantial modernization and capital investment to meet contemporary building standards and buyer expectations.
With only 900 square feet of total living space across two units, the current footprint is small relative to the price point, necessitating further expansion to maximize the property's utility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 900 | 1,740 |
| Lot Size | 13,546 | 21,669 |
| Price | $1.15M | $1.52M |
| Price per sq ft | $1.3K | $876 |
| Built year | 1938 | 1915 |
| HOA | $0 | $0 |
| Days on market | 23 | 3 |
Oct 1, 2026
$1,149,000
Initial Listing