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1370 Saratoga Avenue, San Jose, California 95129, San Jose, 95129 - 3 bed, 1 bath

1370 Saratoga Avenue, San Jose, California 95129 home-pic-0
ACTIVE$1,888,888
1370 Saratoga Avenue, San Jose, California 95129
3Beds
1Bath
1,128Sqft
10,125Lot

Price Vs. Estimate

The estimated value ($1,874,358.09) is $14,529.91 (0%) lower than the list price ($1,888,888). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10125, living area = 1128.
Top Cons:
Age of Existing Structure: The 1952-built dwelling, despite a remodeled kitchen, is over 70 years old, potentially requiring significant updates or demolition for optimal use of the commercially zoned land.

Compared to the nearby listings

Price:$1.89M vs avg $2.83M ($-937,112)6%
Size:1,128 sqft vs avg 1,666 sqft3%
Price/sqft:$1.7K vs avg $1.7K49%

More Insights

Built in 1952 (73 years old).
Condition: Built in 1952, this property features a recently remodeled kitchen (as per description) and a visibly updated bathroom with modern vanity, new tub/shower, and contemporary flooring. The interior also benefits from new-looking carpet in the bedroom and fresh paint throughout, making it largely move-in ready. However, the presence of a wall heater and a window AC unit indicates a lack of central heating and cooling, and some light fixtures are a specific, somewhat dated style. While key areas have seen significant updates, the property has not undergone a full, comprehensive renovation, and major systems like HVAC are not fully modernized.
Year Built
1952
Close
-
List price
$1.89M
Original List price
$2.1M
Price/Sqft
$1,675
HOA
-
Days on market
-
Sold On
-
MLS number
ML82012283
Home ConditionGood
Features
View-

About this home

Entrepreneur dream location with live-work possibilities on the main Saratoga Ave commuter corridor connecting leading Silicon Valley companies with high income neighborhoods. Rare opportunity to own prime assets with multiple potential end-uses or development in a strong demand region for housing and retail along Saratoga Ave averaging over 35,000 cars a day that could be your next client, customer or tenant. Your chance to use this huge wide open 10,125 sq ft lot towards higher use including the existing 1,128 sq ft dwelling with successful history as an income property; three bedrooms, full bathroom and remodeled kitchen plus attached garage and new sewer connections. Large side yard for easy access to the rear lot for enhanced uses. Flexible floor plan to help meet your living or office needs boarding national chain businesses, professional services and high density developments. Many options to explore with the updated Commercial Pedestrian Zoning. Also available for sale is the matching neighboring property at 1364 Saratoga Ave to elevate the combined land opportunities of 20,250 sq ft.

Condition Rating
Good
Built in 1952, this property features a recently remodeled kitchen (as per description) and a visibly updated bathroom with modern vanity, new tub/shower, and contemporary flooring. The interior also benefits from new-looking carpet in the bedroom and fresh paint throughout, making it largely move-in ready. However, the presence of a wall heater and a window AC unit indicates a lack of central heating and cooling, and some light fixtures are a specific, somewhat dated style. While key areas have seen significant updates, the property has not undergone a full, comprehensive renovation, and major systems like HVAC are not fully modernized.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10125, living area = 1128.
Prime Commercial Location: Strategically located on Saratoga Ave, a high-traffic commuter corridor (35,000+ cars/day) connecting Silicon Valley companies with affluent neighborhoods, offering exceptional visibility and access for businesses.
Flexible Commercial Pedestrian Zoning: Updated Commercial Pedestrian Zoning allows for multiple potential end-uses, live-work possibilities, and development, catering to a wide range of entrepreneurial or investment strategies.
Significant Development Potential: A large 10,125 sq ft lot provides ample space for higher-density development or expanded commercial operations, especially given the flexible zoning.
Proven Income Property: The existing 1,128 sq ft dwelling has a successful history as an income property, providing immediate cash flow potential while future plans are considered.
Adjacent Property for Expansion: The opportunity to acquire the neighboring property at 1364 Saratoga Ave doubles the land to 20,250 sq ft, significantly enhancing combined development and investment opportunities.

Cons

Age of Existing Structure: The 1952-built dwelling, despite a remodeled kitchen, is over 70 years old, potentially requiring significant updates or demolition for optimal use of the commercially zoned land.
High Price Point for Existing Dwelling: The list price of $1.88M+ is primarily driven by land value and development potential, making the existing 1,128 sq ft residential structure a relatively small component of the overall value proposition.
Traffic Noise and Congestion: Its location on a main commuter corridor with 35,000+ cars daily, while a strength for commercial visibility, could present challenges related to noise, air quality, and traffic congestion, particularly for any residential component.

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