12500 New Avenue, San Martin, California 95046, San Martin, 95046 - 3 bed, 2 bath
Loading property details...
San Martin, California 95046
This property presents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned well above the $1,492,552 Fair Market Value by -10%. While the pricing reflects a premium, the Multi-Unit Income Potential—featuring a main house, secondary residence, and detached studio—provides significant revenue-generating capacity. With a Condition Rating of 4, the structures require modernization, yet the 1.4-acre lot offers immense versatility for a private compound or hobby farm. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational property with long-term development upside.
Property is moderate renovation needed.
Built in 1963, the property is functional but dated. The kitchen features 1980s/90s-style oak cabinetry and tile countertops, and the bathrooms show older fixtures and tile work consistent with a renovation over 20 years ago. While the interior has been refreshed with newer laminate flooring and paint, the age of the structures and secondary units suggests that systems and finishes are nearing the end of their useful life and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 63162, living area = 1660.
The property features three distinct living units—a main house, a separate 3-bedroom residence, and a detached studio—offering exceptional opportunities for rental income or multi-generational living.
With over 1.4 acres of land, the property provides significant space and flexible zoning potential for diverse uses such as a horse ranch, contractor's yard, or hobby farm.
Built in 1963, the primary structures likely require significant modernization and updates to mechanical systems to meet contemporary standards and buyer expectations.
Managing multiple residential units on a single parcel can present challenges regarding permit compliance and local zoning restrictions, which may impact future development or financing.
Welcome to 12500 New Ave, a rare opportunity in the heart of San Martin offering privacy, space, and endless potential. Situated in a peaceful rural setting, this versatile property features a main residence with 3 bedrooms, 2 bathrooms, and a bonus room ideal for a home office, gym, or guest space. In addition to the main home, the property includes a separate 3-bedroom, 1-bath residence and a detached studio complete with its own full bathroom and kitchen, creating excellent possibilities for multi-generational living, rental income, guest accommodations, or a home-based business. With expansive grounds and flexible zoning potential, this property is perfect for those looking to create a horse ranch, car enthusiast's workshop, investment property, contractor's yard, hobby farm, or private family compound. Whether you're seeking income-producing opportunities or room to bring your vision to life, 12500 New Ave offers the space, privacy, and versatility to make it happen.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,660 | - |
| Lot Size | 63,162 | - |
| Price | $1.65M | $2.03M |
| Price per sq ft | $994 | $1.1K |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 21 | 53 |
Jul 1, 2026
$1,650,000
Initial Listing
Jan 16, 2002
$650,000
Public Record