2238 Central Way, San Jose, California 95128, San Jose, 95128 - 2 bed, 1 bath
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San Jose, California 95128
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $1,228,000—positioned well below the $1,259,538 Fair Market Value by 2%. This valuation gap provides $31,538 in Instant Equity. Featuring a Mint Condition Rating with modern kitchen upgrades and copper plumbing, the property offers immediate stability. The detached garage with Bonus Space provides significant versatility for an office or rental conversion. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a prime Silicon Valley location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 Central Way Subject | $1,228,000* List Price | 2 | 1 | 986 | $1,277 | - |
A 425 Rutland Avenue Sold | $1,035,000 | 2 | 1 | 952 | $1,087 | 0.5 mi |
B 785 Sherman Oaks Drive Sold | $1,475,000 | 3 | 1 | 1,196 | $1,233 | 0.4 mi |
C 888 Corlista Drive Active | $1,275,000 List Price | 3 | 2 | 1,044 | $1,221 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1945, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features a contemporary kitchen with stainless steel appliances, refreshed bathrooms with modern fixtures, updated flooring, and upgraded copper plumbing, placing it in mint, move-in-ready condition.
The property is ideally situated near Santana Row, Valley Fair, and major commuter routes like Hwy 280/880, offering excellent access to premier shopping, dining, and tech hubs.
A detached garage with additional bonus space provides significant potential for a home office, gym, or ADU conversion, adding valuable flexibility for owners or investors.
The home features essential modern updates including copper plumbing, a remodeled kitchen, and refreshed bathrooms, ensuring a move-in-ready experience with reduced immediate maintenance needs.
At just 986 square feet with a 2-bedroom, 1-bathroom configuration, the living space may be too restrictive for growing families or those requiring more substantial indoor area.
Built in 1945, the property may present long-term maintenance challenges inherent to older homes that go beyond the recent cosmetic and plumbing upgrades.
Charming Fruitdale home with spacious lot, bonus space ~ 1,664 sqft. Quite court, Prime Silicon Valley location! Nestled in the desirable Fruitdale neighborhood with Campbell schools, this well-maintained 2-bedroom, 1-bath home is filled with warmth and character. The home features updated flooring, a modern kitchen, and refreshed bathrooms, creating a comfortable and move-in-ready living space. Additional upgrades include copper plumbing and modern lighting, offering both style and peace of mind. Situated on a spacious lot, the expansive backyard provides excellent flexibility for outdoor living and future possibilities. A detached garage with bonus space offers great potential for a home office, gym, or possible rental use. Conveniently located near Santana Row, Valley Fair, San Jose City College and major commuter routes including Hwy 280/880, with easy access to shopping, dining, and Silicon Valley tech campuses. Don't miss this perfect opportunity for first-time buyers or investors!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 986 | 1,583 | 8% |
| Lot Size | 5,250 | 6,283 | 19% |
| Price | $1.23M | $1.81M | 11% |
| Price per sq ft | $1.2K | $1.1K | 65% |
| Built year | 1945 | 1950 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 101 | 5% |
May 7, 2026
$1,228,000
Initial Listing