318 Raymond, San Jose, California 95128, San Jose, 95128 - 0 bed, 0 bath
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318 Raymond
San Jose, California 95128
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,132Sq Ft
3,971Lot Size
Property Price
LIST PRICE$1,175,000
EST. MARKET VALUE
$1,054,825
11% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex represents a Strong Value Opportunity, listed at $1,175,000—positioned above the $1,054,826 Fair Market Value. While priced at a premium, the property offers immediate stability with a Section 8 tenant in the front unit and a vacant, renovated back unit featuring a Granite Kitchen and New Vinyl Plank Flooring. With a Condition Rating of 3, this asset provides a turnkey solution for those seeking rental income in a prime location. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack near Santana Row.
Estimated Market Value
$1,054,825
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 |
|---|---|---|---|---|---|---|
★ 318 Raymond Subject | $1,175,000* List Price | 0 | 0 | 1,132 | $932 | - |
A 330 Arleta Avenue Sold | $1,200,000 | 0 | 0 | 1,300 | $923 | 0.0 mi |
B 584 Macarthur Avenue Active | $875,000 List Price | 0 | 0 | 1,080 | $810 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1925 build date, the property has undergone significant renovations that align with the 'Good' criteria. The interior features new vinyl plank flooring, fresh paint, and updated bathrooms with modern vanities. The kitchen is well-maintained with granite countertops and functional appliances, appearing to have been updated within the last 5-15 years, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
This duplex offers immediate cash flow with a stable Section 8 tenant in the front unit and a vacant, renovated back unit perfect for an owner-occupier or market-rate rental.
- Prime Silicon Valley Location
Ideally situated near Santana Row, Valley Fair Mall, and Valley Medical Center, providing high rental demand and easy access to major highways and public transit.
- Recent Interior Upgrades
Both units feature modern enhancements including granite countertops, new vinyl plank flooring, updated bathrooms, and fresh paint, reducing immediate capital expenditure for the buyer.
CONSRISKS & DEFICIENCIES
- High Density/Small Living Areas
With a total of 1,132 square feet split between two units and five bedrooms, the individual rooms and living spaces are likely very compact.
- Vintage Infrastructure
Originally built in 1925, the property may require more intensive long-term maintenance of its core systems compared to newer residential income properties.
About 318 Raymond
This property is a charming duplex located in the Burbank neighborhood of San Jose. Great ideal for an owner-occupier while can live in one unit and rent out the other to generate rental income. It features two units; front unit being rented under Section 8 with 2 Bedrooms, 1 Bathroom rent 3000/month. This unit is currently occupied by a long-term tenant with a good rent history. It includes a nice front patio, an updated bathroom with a tile shower, and a spacious open kitchen with tile flooring. Back Unit: featuring 3 Bedrooms, 1 Bathroom currently vacant. Back Unit with new vinyl plank floor, painted interior, updated bathrooms, tile kitchen, and granite countertop. The unit has a nice backyard with a patio area. Both units are in close proximity to Valley Fair Mall, Santana Row, and Valley Medical Hospital, making it a convenient location. The property is also near public transportation and major highways. This duplex offers a fantastic investment opportunity with low maintenance.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1925
- Lot Size
- 3,971 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
Merritt Trace Elementary School
Grades K-5 • 0.6 mi
4/10
Gardner Elementary School
Grades K-5 • 1.8 mi
4/10
Horace Mann Elementary School
Grades K-5 • 2.7 mi
4/10
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 | 1,132 | 2,559.348 |
| Lot Size | 3,971 | 6,883.043 |
| Price | $1.18M | $1.48M |
| Price per sq ft | $1.0K | $632 |
| Built year | 1925 | 1963 |
| HOA | $0 | $0 |
| Days on market | 39 | 63 |
Pricing History
Listed for Sale
Aug 1, 2026
$1,175,000
Initial Listing