2855 Joseph Avenue, San Jose, California 95124, San Jose, 95124 - 0 bed, 0 bath
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2855 Joseph Avenue
San Jose, California 95124
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,770Sq Ft
9,075Lot Size
Property Price
LIST PRICE$1,775,000
EST. MARKET VALUE
$1,962,832
9% BelowMARKET VALUE
SUMMARY
This 4-plex represents a Strong Value Opportunity, listed at a List Price of $1,775,000—positioned well below the $1,962,832 Fair Market Value by 9%. This valuation gap provides $187,832 in Instant Equity. With a Condition Rating of 4, the property offers significant upside through modernization of kitchens and baths. Located in the prime Cambrian neighborhood near top-rated schools like Leigh and Branham High, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Estimated Market Value
$1,962,832+$187,832 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2855 Joseph Avenue Subject 0 bd · 0 ba · 3,770 sqft · $521 | $1,775,000* List Price | 0 | 0 | 3,770 | $521 | - |
A 2813 Joseph Avenue Active 0 bd · 0 ba · 3,770 sqft · $471 · 0.0 mi | $1,775,000 List Price | 0 | 0 | 3,770 | $471 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1961, this property is well-maintained but dated. While it features dual-pane windows and some cosmetic updates like newer flooring and paint, the bathrooms and wall-heating systems appear to be over 20 years old. It is functional and move-in ready for tenants but requires minor repairs and modernization to kitchens and baths.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cambrian Location
Situated in a highly desirable neighborhood near Downtown Campbell with access to top-rated schools like Leigh and Branham High, ensuring high tenant demand and consistent occupancy.
- High-Demand Unit Features
The units offer a functional 2-bedroom layout equipped with essential modern conveniences, including in-unit laundry and dual-pane windows, which are significant value-adds for renters.
- Value-Add Potential
The oversized 9,075 sqft corner lot provides significant opportunity to enhance outdoor amenities or explore additional usable space to increase the property's long-term yield.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1961, the property may require increased capital expenditure for maintenance and upgrades to aging systems like plumbing and electrical compared to newer builds.
- Limited Modern Amenities
The lack of contemporary community amenities may make it challenging to compete for premium rents against newer luxury apartment developments in the nearby Silicon Valley area.
About 2855 Joseph Avenue
Welcome to 2855 Joseph Avenue, a wonderful investment opportunity in the highly desirable Cambrian neighborhood of San Jose. This 4-plex is located on a spacious corner lot. Each unit is approx 950 SF, with 2 bedrooms and 1 bathroom with comfortable, functional living spaces. All units feature dual-pane windows, in-unit laundry, assigned parking, and additional storage. The property offers generous outdoor areas with excellent potential to create additional usable space for residents to enjoy. Conveniently located near Downtown Campbell, shopping, dining, parks, and highly regarded schools, with easy access to Highways 17 and 280. A rare opportunity to own a multi-family property in an established Silicon Valley neighborhood with long-term investment potential.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1961
- Lot Size
- 9,075 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Bagby Elementary School
Grades K-5 • 1.1 mi
6/10
Leigh High School
Grades 9-12 • 2.1 mi
8/10
Branham High School
Grades 9-12 • 2.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,770 | 2,404.563 |
| Lot Size | 9,075 | 6,807.656 |
| Price | $1.77M | $1.42M |
| Price per sq ft | $471 | $613 |
| Built year | 1961 | 1962 |
| HOA | $0 | $0 |
| Days on market | 40 | 72 |
Pricing History
Listed for Sale
Sep 14, 2026
$1,775,000
Initial Listing