2322 Meridian Avenue, San Jose, California 95124, San Jose, 95124 - bed, bath
ACTIVE$1,995,000
2322 Meridian Avenue, San Jose, California 95124
0Bed
0Bath
2,486Sqft
8,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the highly desirable Willow Glen neighborhood of San Jose, Silicon Valley, offering proximity to major tech employers, shopping, dining, and commuter routes, ensuring high rental demand and long-term appreciation.
Top Cons:
Age of Construction: Built in 1965, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future maintenance, repairs, or upgrades not explicitly mentioned.
Compared to the nearby listings
Price:$2.00M vs avg $1.80M (+$195,000)67%
Size:2,486 sqft vs avg 2,486 sqft50%
Price/sqft:$802 vs avg $72167%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, the property shows signs of consistent maintenance and some cosmetic updates, such as fresh paint and updated bathroom vanities with granite-like countertops. However, the kitchen features older white appliances (except for a newer dishwasher in one unit), dated tile flooring, and painted cabinets that are not modern. Some light fixtures and bathroom shower enclosures are also dated. While clean and functional, the property has not undergone a full recent renovation to meet current quality standards, indicating it is aged but maintained with components showing signs of being outdated.
Year Built
1965
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$802
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008845
Home ConditionFair
Features
Patio
View-
About this home
Rare Duplex for Sale in Silicon Valley - Willow Glen! Lightning strikes twice at 2320-2322 Meridian Ave! This Silicon Valley duplex is a rare find, ideal for savvy investors and 1031 exchange buyers. Offering 2,486 sqft total, 1,243 sq ft per unit on an 8,700 sq ft lot, each unit features 2 bedrooms, 2 bathrooms, a spacious kitchen, large living/dining area, primary suite, attached one-car garage, separate laundry, and private backyard. Freshly painted inside and out with decades of pride of ownership, this turnkey income property in Willow Glen is ready to generate strong rental income and long-term appreciation. Located near major tech employers, shopping, dining, and commuter routes, this is your chance to secure a high-demand investment property in San Joses Willow Glen neighborhood - schedule a showing today!
Condition Rating
Fair
Built in 1965, the property shows signs of consistent maintenance and some cosmetic updates, such as fresh paint and updated bathroom vanities with granite-like countertops. However, the kitchen features older white appliances (except for a newer dishwasher in one unit), dated tile flooring, and painted cabinets that are not modern. Some light fixtures and bathroom shower enclosures are also dated. While clean and functional, the property has not undergone a full recent renovation to meet current quality standards, indicating it is aged but maintained with components showing signs of being outdated.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Willow Glen neighborhood of San Jose, Silicon Valley, offering proximity to major tech employers, shopping, dining, and commuter routes, ensuring high rental demand and long-term appreciation.
Investment Opportunity: A rare duplex ideal for savvy investors and 1031 exchange buyers, positioned as a turnkey income property with strong potential for rental income and capital growth in a high-demand market.
Turnkey Condition: The property boasts 'freshly painted inside and out' and 'decades of pride of ownership,' indicating it is well-maintained and ready for immediate occupancy or rental without significant upfront renovations.
Desirable Unit Features: Each unit offers a spacious 2-bedroom, 2-bathroom layout with a large kitchen, living/dining area, primary suite, attached one-car garage, separate laundry, and a private backyard, appealing to a wide range of tenants.
Generous Lot Size: The 8,700 sq ft lot provides ample outdoor space for each unit and potentially offers future expansion or landscaping opportunities, a valuable asset in an urban setting.
Cons
Age of Construction: Built in 1965, the property's age suggests that major systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future maintenance, repairs, or upgrades not explicitly mentioned.
High Entry Price Point: The listing price of $1,995,000 represents a substantial investment, which may limit the pool of potential buyers to those with significant capital or access to high-value financing.
Limited Renovation Details: While 'freshly painted' and 'pride of ownership' are positive, the description lacks specific details about recent major renovations or modernizations to key interior areas like kitchens and bathrooms, which might be expected for a property at this price point and age.