144 S 3rd Street 321, San Jose, California 95112, San Jose, 95112 - 1 bed, 1 bath
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San Jose, California 95112
This downtown condominium represents a High-Potential Investment Opportunity, listed at a List Price of $525,000—positioned above the $499,877 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 and 936 sqft floor plan offer significant value-add potential. The unit features a gas fireplace, in-unit laundry, and deeded parking, complemented by building amenities like a pool and spa. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to personalize a prime urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 144 S 3rd Street 321 Subject | $525,000* List Price | 1 | 1 | 936 | $534 | - |
A 415 N 2nd Street 244 Sold | $540,000 | 1 | 1 | 789 | $684 | 0.8 mi |
B 415 N 2nd Street 245 Sold | $635,000 | 2 | 2 | 1,050 | $605 | 0.8 mi |
C 384 S 11th Street Sold | $578,000 | 2 | 3 | 1,050 | $550 | 0.5 mi |
D 350 N 2nd Street 323 Sold | $660,000 | 2 | 2 | 1,178 | $560 | 0.7 mi |
E 1 E Julian Street 217 Sold | $480,000 | 1 | 1 | 742 | $647 | 0.7 mi |
F 144 S 3rd Street 607 Active | $575,000 List Price | 1 | 1 | 1,023 | $562 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old) with mostly original interior finishes. The kitchen features dated oak cabinetry, white tile countertops, and older appliances, with the listing explicitly stating it is ready for improvements. While the HOA has updated major building systems like the roof and boilers, the unit itself requires cosmetic updates to bathrooms and the kitchen to meet modern standards.
Situated in the heart of downtown San Jose, this property offers exceptional walkability to SJSU, San Pedro Square, and major transit hubs, making it highly desirable for urban professionals and students.
The residence features a generous 936 sqft layout with rare 'no flooring restrictions' and a large in-unit storage room, providing a level of customization and utility seldom found in comparable condominiums.
Paseo Plaza has recently completed significant capital improvements, including a new roof and modernized elevators, reducing the likelihood of immediate special assessments for new owners.
The association fee of $923 per month is relatively high for a one-bedroom unit, which may impact buyer affordability and overall return on investment.
The kitchen and certain interior elements are noted as being ready for improvements, indicating that a buyer may need to invest additional capital to bring the unit up to modern luxury standards.
One of the most desirable 1-bedroom floor plans at Paseo Plaza in downtown San Jose. Located on the 3rd floor, this residence offers a rare advantage with no flooring restrictions and includes a large in-unit storage room. Spacious living and dining area with marble-trimmed gas fireplace and entry, and balcony access. The primary bedroom also opens to the balcony and includes a large walk-in closet, and a bath with shower-over-tub. The kitchen has a stainless refrigerator and is ready for your own improvements. Additional highlights include natural light, in-unit laundry, and one deeded parking space. Paseo Plaza has completed major upgrades including a new roof, updated water system and boilers, and modernized garage gates and elevators. Secure community with pool, spa, fitness center, lounge, and landscaped courtyards. Prime downtown location near City Hall, MLK Library, SJSU, César Chávez Park, San Pedro Square, SAP Center, dining, cafés, Caltrain, VTA Light Rail, Highways 280 & 87, and short commute to Mineta San José International Airport.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 936 | 1,050 | 29% |
| Lot Size | - | - | 50% |
| Price | $525.0K | $660.0K | 24% |
| Price per sq ft | $561 | $584 | 41% |
| Built year | 1996 | 2001 | 41% |
| HOA | $923.0 | $703 | 88% |
| Days on market | 25 | 136 | 6% |
May 12, 2026
$525,000
Initial Listing
Apr 12, 1996
$160,000
Public Record