1337 Phelps Avenue 9, San Jose, California 95117, San Jose, 95117 - 3 bed, 2 bath
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San Jose, California 95117
This Strong Value Opportunity is a 3-bedroom condominium listed at $599,000—positioned well below the $649,999 Fair Market Value by 7%. This valuation gap provides $50,999 in Instant Equity for the buyer. With a Condition Rating of 5, the property requires a full interior renovation, offering significant potential for forced appreciation. Featuring a private balcony and community pool, this asset is located near highly-rated schools like George C. Payne Elementary. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Property is extensive renovation needed.
Built in 1963, the property appears to have original or near-original kitchen and bathrooms exceeding 50 years in age. The plywood cabinetry, dated tile backsplash, wood paneling, and vintage bathroom fixtures indicate a lack of significant renovation, requiring a full interior rehab to meet modern standards.
At a price point under $650,000 for a 3-bedroom, 2-bathroom configuration in San Jose, this property offers a rare and highly competitive value proposition for the Silicon Valley region.
The interior features vaulted ceilings and skylights that maximize natural light, creating an open and airy aesthetic that distinguishes it from standard condominium layouts.
The inclusion of a private balcony, community pool, and clubhouse provides residents with essential outdoor space and recreational facilities that enhance the overall quality of life.
Built in 1963, the property may require updates to its original infrastructure or systems to meet modern energy efficiency and aesthetic standards.
The property is offered without warranties from the seller, necessitating a thorough and potentially costly inspection process for the buyer to verify all square footage and HOA details.
Light-filled condo in a prime commute-friendly pocket of North San Jose. Tucked inside a quiet, well-kept community, this 3-bedroom, 2-bath residence has a comfortable, open layout. Bright living with a private balcony for fresh-air mornings or evening wind-downs. The community offers a sparkling pool, and clubhouse. A home that delivers comfort, convenience, and value in the heart of Silicon Valley. Make 1337 Phelps Ave #9 your next address. Notes: All information deemed reliable but not guaranteed. Buyer to verify schools, square footage, HOA details, and any rental or pet restrictions. Listing agent/owner makes no warranties.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,200 | 988 |
| Lot Size | - | 1,550 |
| Price | $599.0K | $671.0K |
| Price per sq ft | $499 | $625 |
| Built year | 1963 | 1985 |
| HOA | $446.0 | $586 |
| Days on market | 41 | 48 |
Jun 25, 2026
$599,000
$649,999
-8% Price Drop
Initial Listing
Jun 11, 2026
$649,999
Initial Listing