119 Delmas Avenue, San Jose, California 95110, San Jose, 95110 - 4 bed, 2 bath
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San Jose, California 95110
This Versatile Multi-Unit Victorian is a Prime Investment Opportunity, listed at $1,250,000—positioned well below the $1,280,455 Fair Market Value by 2%. This valuation gap offers $30,455 in Instant Equity. Featuring three distinct living spaces, including a permitted ADU, finished basement, and a private patio with Park/Greenbelt views, the property maintains a Move-in Ready Condition Rating. Located steps from Diridon Station and the SAP Center within the San Jose Unified district, it offers high rental demand and urban convenience. This is an ideal acquisition for House-Hackers or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 119 Delmas Avenue Subject | $1,250,000* List Price | 4 | 2 | 1,091 | $1,174 | - |
A 475 Autumn Court Sold | $1,105,000 | 2 | 1 | 864 | $1,279 | 0.4 mi |
B 141 N Almaden Boulevard Sold | $1,265,000 | 3 | 2 | 1,100 | $1,150 | 0.4 mi |
C 143 N Almaden Boulevard Active | $1,275,000 List Price | 3 | 2 | 1,001 | $1,274 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite its 1906 build date, the property is move-in ready and has been well-maintained with clear updates. The kitchen features stone countertops, white cabinetry, and a mix of stainless steel and black appliances. The bathrooms are updated and clean, including a classic clawfoot tub that fits the Victorian aesthetic. The presence of a permitted ADU and a finished basement suggests significant investment in the property's infrastructure and utility within the last 5 to 15 years, though it lacks the high-end luxury finishes required for an 'excellent' rating.
The property features three distinct living spaces—a main residence, a permitted ADU, and a finished basement—offering exceptional flexibility for high rental income potential or multi-generational living.
Ideally situated steps from VTA and Diridon Station, the property provides unparalleled access to major Silicon Valley transit hubs, the SAP Center, and downtown employment centers.
Known as the Gagliardo House in the Historic Lakehouse District, this 1906 Victorian preserves timeless period details and classic charm that offer a unique alternative to modern developments.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With only 1,091 total square feet distributed across three separate living areas, the individual units are likely very compact, which may feel cramped for some occupants.
Built in 1906, the property's age may necessitate higher-than-average maintenance costs and potential upgrades to aging infrastructure typical of historic Victorian homes.
Exceptional Value with Three Separate Living Spaces in the Heart of San Jose A rare and versatile opportunity for both owner-occupants and investors alike. This property features three distinct living spaces: a charming main residence, a permitted ADU, and a fully finished basement with all amenities offering flexibility, functionality, and strong income potential. Ideally situated in a prime downtown location, youre just steps from the VTA and moments from Diridon Station, the SAP Center, San Pedro Square, and a vibrant mix of dining, entertainment, and major employment hubs. Known as the Gagliardo House, this classic Victorian sits at the entrance to the Historic Lakehouse District, blending timeless architectural character with modern-day versatility. The main home showcases period details and traditional charm, while the finished basement provides additional flexible space perfect for a home office, guest quarters, or extended living. At the rear of the property, the permitted ADU includes two bedrooms, one bath, and in-unit laundry, making it ideal for multigenerational living, guests, or rental income. Own a piece of San Jose history while benefiting from multiple living options and income streams all in one of the citys most connected and desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.5 | 81% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,091 | 1,021 | 56% |
| Lot Size | 4,590 | 4,555.5 | 50% |
| Price | $1.25M | $1.05M | 75% |
| Price per sq ft | $1.1K | $891 | 75% |
| Built year | 1906 | 1918 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 167 | 6% |
Mar 24, 2026
$1,250,000
Initial Listing
Aug 24, 2018
$785,000
Public Record
Aug 28, 2003
$340,000
Public Record