3320 Cherry Avenue, San Jose, California 95118, San Jose, 95118 - 5 bed, 3 bath
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San Jose, California 95118
This Strong Value Opportunity is a Multi-Unit Residential Asset listed at $1,498,000—positioned well below the $1,669,341 Fair Market Value by 10%. This valuation gap offers $171,341 in Instant Equity. Featuring a Mint Condition Rating with modern Quartz/Granite Kitchens and a 200-amp electrical panel, the property is move-in ready. Its unique three-unit layout provides exceptional versatility for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or rental income near major Silicon Valley tech hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3320 Cherry Avenue Subject | $1,498,000* List Price | 5 | 3 | 1,890 | $883 | - |
A 3137 Jenkins Avenue Sold | $1,725,000 | 5 | 2 | 1,802 | $957 | 0.1 mi |
B 4464 Bald Eagle Way Sold | $1,725,000 | 4 | 2 | 1,710 | $1,009 | 0.7 mi |
C 3234 Jarvis Avenue Active | $1,650,000 List Price | 4 | 3 | 1,686 | $979 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation across all three units, featuring modern kitchens with quartz/granite countertops and stainless steel appliances. Significant system upgrades include a new 200-amp electrical panel, tankless water heater, and Nest thermostats. With fresh interior paint, recessed lighting, and updated ADA-friendly bathrooms, the home is in mint, move-in-ready condition.
The unique three-unit configuration provides exceptional flexibility for multi-generational living or significant rental income potential, offering three separate living spaces under one address.
The property features high-end finishes including quartz and granite countertops, stainless steel appliances, a 200-amp electrical panel, and a tankless water heater, minimizing immediate capital expenditures.
Ideally situated near major tech hubs like Apple, Google, and eBay, with immediate access to highways 85 and 87, making it highly attractive for commuters and long-term appreciation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Dividing 1,890 square feet into three separate units on a 5,985 square foot lot results in relatively compact individual living quarters and limited private outdoor space.
Listed as a Single Family Residence but functioning as three units, this layout may present challenges with traditional financing, appraisals, or verifying the permit status of all conversions.
Welcome to 3320 Cherry Ave, a beautifully updated San Jose property featuring three separate units across 5 bedrooms, 3.5 bathrooms, 1,890 sq ft of living space on a 5,985 sq ft lot. Ideal for multi-generational living,the three-unit layout offers privacy, independence, and convenience with separate living spaces under one address. Unit 1 offers 3 bedrooms, 1.5 baths, an updated kitchen/dining/family room combo with granite counters, stainless steel appliances, maple cabinetry, skylight, wet bar, in-unit laundry, and an ADA-friendly bath. Unit 2 features 1 bedroom, 1 bath, 2 walk-in closets, kitchen/family room combo, fireplace, skylight, quartz counters, stainless steel appliances, and in-unit laundry. Unit 3 includes 1 bedroom, 1 bath, kitchen/family room combo, quartz counters, stainless steel appliances, and in-unit laundry. Updates include interior paint, kitchen and bathroom improvements, recessed lighting, front/back landscaping, upgraded 200-amp electrical panel, tankless water heater, smart lock, and Nest thermostats. Enjoy low-maintenance outdoor spaces with artificial turf, wood deck, and large storage shed. Conveniently located near Costco, Westfield Oakridge Mall, Apple, eBay, Google, shopping, dining, and easy access to 85, 87, and Almaden Expressway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 1,890 | 1,426 | 82% |
| Lot Size | 5,985 | 6,500 | 12% |
| Price | $1.50M | $1.69M | 24% |
| Price per sq ft | $793 | $1.1K | 2% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 94 | 2% |
May 22, 2026
$1,498,000
Initial Listing
Jun 14, 2021
$1,330,000
Public Record