125 Patterson Street 202, San Jose, California 95112, San Jose, 95112 - 1 bed, 1 bath
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San Jose, California 95112
This property presents a High-Potential Investment Opportunity with a List Price of $448,000—positioned well below the $467,472 Fair Market Value by 4%. This valuation gap offers $19,472 in Instant Equity for buyers willing to address the water damage. While the home has a Fair Condition Rating, the two assigned underground parking spaces and central HVAC provide a solid foundation. Located near SJSU, this is a value-add acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 125 Patterson Street 202 Subject | $428,000* List Price | 1 | 1 | 894 | $500 | - |
A 1060 S 3rd Street 311 Sold | $375,000 | 1 | 1 | 667 | $562 | 0.4 mi |
B 125 Patterson Street 320 Active | $499,000 List Price | 1 | 1 | 894 | $558 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006 (18 years old), the property features modern systems like central HVAC and double-pane windows. However, the listing explicitly describes the unit as being in 'fixer condition' due to water damage from a leaky filter. While the building age suggests 'Good,' the requirement for significant repairs and new finishes downgrades it to 'Fair' as it is not currently move-in ready.
Situated in the Martha Gardens area near SJSU and major highways, the property offers excellent proximity to downtown dining, entertainment, and public transit.
The unit includes two assigned covered underground parking spaces, which is a rare and highly valuable feature for a one-bedroom condominium in an urban setting.
Built in 2006, the home provides contemporary essentials including central air conditioning, elevator access, and a spacious 894 sq ft open-concept layout.
The property is in fixer condition following water damage, requiring immediate capital investment and renovation effort to make it habitable and modern.
The $550 monthly association fee is relatively high for a one-bedroom unit, which may impact overall affordability and net yields for potential investors.
Value opportunity at The Works in Downtown San Jose. This 1-bedroom, 1-bath condominium offers approximately 894 sq ft of single-level living space in a 2006-built community with elevator access, controlled entry, and secured garage parking. Located on the second floor, the home includes a private balcony overlooking the interior courtyard and a southeast-facing front door. The layout features an open kitchen, dining, and living area with a breakfast bar, central air conditioning, central forced-air heat, double-pane windows, in-unit laundry hookups, and two assigned covered underground parking spaces. The unit is in fixer condition following water damage from a leaky water filter, offering the chance to repair, update, and select new finishes. Located in the Martha Gardens area near San Jose State University, SoFA, San Pedro Square, downtown dining, shopping, entertainment, public transit, I-280, Highway 87, and Highway 101.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 894 | 988 |
| Lot Size | - | 1,550 |
| Price | $428.0K | $671.0K |
| Price per sq ft | $479 | $625 |
| Built year | 2006 | 1985 |
| HOA | $550.0 | $586 |
| Days on market | 37 | 48 |
Jun 30, 2026
$428,000
$448,000
-4% Price Drop
Initial Listing
Jun 16, 2026
$448,000
Initial Listing
Jul 9, 2015
$430,000
Public Record
Dec 14, 2006
$355,000
Public Record