3320 Cherry Avenue, San Jose, California 95118, San Jose, 95118 - 5 bed, 4 bath
3320 Cherry Avenue
San Jose, California 95118
Property Price
SUMMARY
Analysis of 3320 Cherry Avenue, San Jose, California 95118 reveals a Prime Investment Opportunity with a current list price of $1,598,000—significantly undercutting the $1,756,211 Fair Market Value by 9%. This valuation gap indicates a +$158,211 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3320 Cherry Avenue Subject | $1,598,000* List Price | 5 | 4 | 1,890 | $929 | - |
A 4464 Bald Eagle Way Sold | $1,725,000 | 4 | 2 | 1,710 | $1,009 | 0.7 mi |
B 3496 Picadilly Drive Sold | $1,640,000 | 3 | 2 | 1,521 | $1,078 | 0.3 mi |
C 3496 Picadilly Drive Sold | $1,640,000 | 3 | 2 | 1,521 | $1,078 | 0.3 mi |
D 1398 Boysea Drive Sold | $1,160,000 | 3 | 2 | 1,180 | $983 | 0.8 mi |
E 3137 Jenkins Avenue Pending | $1,799,888 List Price | 5 | 2 | 1,802 | $999 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1963, the property has undergone an extensive and comprehensive professional renovation within the last 5 years. The interior features modern laminate flooring, recessed LED lighting, and completely updated kitchens with white shaker cabinetry, quartz countertops, and stainless steel appliances. Bathrooms have been fully modernized with contemporary tile work and new fixtures. With a upgraded 200 AMP electrical panel and fresh landscaping, the home meets the highest standards for move-in readiness with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The unique configuration into three separate units (3/1.5, 1/1, and 1/1) provides exceptional versatility for house-hacking, multi-generational living, or generating significant rental income.
- Turn-Key Modern Upgrades
The property has been extensively remodeled with updated kitchens, bathrooms, laminate flooring, and a 200 AMP electrical panel, minimizing the need for immediate capital expenditures.
- Prime Cambrian Park Location
Situated in a highly coveted neighborhood, the home offers proximity to top-rated schools, major tech hubs, and essential commute corridors including Highways 85, 87, and 280.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1890, other record living area = 1465. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Non-Traditional Layout
The division of a 1,890 sq. ft. single-family home into three distinct units may result in smaller individual living spaces and a lack of the cohesive flow found in traditional residential layouts.
- Zoning and Financing Complexity
As a single-family residence functioning as a multi-unit property, buyers may encounter challenges with traditional residential financing, appraisals, or future permitting requirements.
About 3320 Cherry Avenue
Welcome to 3320 Cherry Avenue - Situated in the highly coveted Cambrian Park Neighborhood. Opportunities like this only come once in a lifetime! A beautifully remodeled home that allows for endless use opportunities. This single family house was divided into three separate units which consists of - Unit 1: 3Bed/1.5Bath, Unit 2: 1Bed/1Bath, Unit 3: 1Bed/1Bath. Live in one unit and rent out the other two for income, use one unit as an office space, or have your family live with you all while still securing your own personal space. You can truly have it all with this home! Updates include - kitchens, bathrooms, laminate floors, recessed lights, front and backyard landscaping, 200 AMP electrical panel, and more! Spacious backyard perfect for relaxation. Located within close proximity to Top Rated schools, local parks, shopping, restaurants, downtown Willow Glen, big tech giants, and major commute routes such as highways 280, 85, and 87. Don't miss the opportunity to own this Gem!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 5,985 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 1,890 | 1,422.5 | 83% |
| Lot Size | 5,985 | 6,190 | 24% |
| Price | $1.60M | $1.64M | 43% |
| Price per sq ft | $846 | $1.1K | 7% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 162 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,598,000
Initial Listing
Sold
Jun 14, 2021
$1,330,000
Public Record