2138 E San Antonio Street, San Jose, California 95116, San Jose, 95116 - bed, bath
ACTIVE$1,518,888
2138 E San Antonio Street, San Jose, California 95116
0Bed
0Bath
2,627Sqft
12,600Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: The property features three separate, currently rented structures, offering immediate income potential and the flexibility for the owner to live in one unit while renting out the others.
Top Cons:
Age of Property: Built in 1945, the property is older, which may imply a need for significant updates, maintenance, or replacement of aging systems to meet modern standards or maximize rental value.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this property features kitchens and bathrooms across all units that are significantly outdated, appearing to be from renovations 30-50+ years ago or original. Appliances are old, cabinets are basic, countertops are laminate, and flooring is linoleum/vinyl. While the property is currently rented and functional, it requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations. The exterior pavement is also cracked, indicating deferred maintenance. Solar panels are a positive update, but they do not offset the extensive need for renovation in key interior areas.
Year Built
1945
Close
-
List price
$1.52M
Original List price
$1.6M
Price/Sqft
$578
HOA
-
Days on market
-
Sold On
-
MLS number
ML82003627
Home ConditionPoor
Features
Patio
View-
About this home
Welcome to an Investment opportunity at 2138 E San Antonio Street - Live in the Main Home, rent out the 2 units - 3 separate structures, all rentable and all rented. This large, flat lot of 12,600 sq ft has abundant possibilities for the new owner. Close to downtown San Jose, Capitol Expressway and the brand-new BART Station, Hwy 680, 280, 101 and Alum Rock Ave. Located in an area of downtown that continues to grow and redefine itself for the future of San Jose. This is a great opportunity!
Condition Rating
Poor
Built in 1945, this property features kitchens and bathrooms across all units that are significantly outdated, appearing to be from renovations 30-50+ years ago or original. Appliances are old, cabinets are basic, countertops are laminate, and flooring is linoleum/vinyl. While the property is currently rented and functional, it requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations. The exterior pavement is also cracked, indicating deferred maintenance. Solar panels are a positive update, but they do not offset the extensive need for renovation in key interior areas.
Pros & Cons
Pros
Strong Investment Opportunity: The property features three separate, currently rented structures, offering immediate income potential and the flexibility for the owner to live in one unit while renting out the others.
Generous Lot Size: A large, flat 12,600 sq ft lot provides abundant possibilities for expansion, additional development (e.g., ADUs), or landscaping, enhancing future value.
Strategic Location & Connectivity: Situated close to downtown San Jose, Capitol Expressway, a brand-new BART Station, and major highways (680, 280, 101), ensuring excellent accessibility and commuter convenience.
Area Growth & Redevelopment: Located in a downtown area undergoing significant growth and redefinition, suggesting strong potential for property appreciation and future development.
Mixed-Use Potential: The property's 'Mixed Use' sub-type, combined with multiple rentable structures, offers versatility for various investment strategies beyond traditional residential use.
Cons
Age of Property: Built in 1945, the property is older, which may imply a need for significant updates, maintenance, or replacement of aging systems to meet modern standards or maximize rental value.
Price Reduction History: The listing has undergone multiple price reductions from its original list price of $1.6M to the current $1.518M, which could indicate initial overpricing or challenges in attracting buyers.
Potential for Deferred Maintenance: As an older, multi-unit rental property, there's a potential for deferred maintenance or a need for substantial renovations to enhance tenant appeal and long-term property value, which is not explicitly detailed.