350 Gloria Avenue, San Jose, California 95127, San Jose, 95127 - 5 bed, 3 bath
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San Jose, California 95127
This property presents a High-Potential Investment Opportunity with a List Price of $1,199,000—positioned well below the $1,364,093 Fair Market Value by 12%. This valuation gap offers $165,093 in Instant Equity for buyers. Featuring a Condition Rating of 4, the asset includes one updated residence and a secondary tear-down unit on a massive 0.5-acre lot. This is a prime Value-Add Acquisition ideal for Buy-and-Hold Investors or Developers looking to maximize density through reconstruction or expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 350 Gloria Avenue Subject | $1,199,000* List Price | 5 | 3 | 2,085 | $654 | - |
A 3992 Altadena Lane Sold | $1,500,000 | 3 | 3 | 2,651 | $566 | 0.8 mi |
B 372 Gloria Ave Sold | $1,375,000 | 4 | 1 | 1,881 | $731 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two units built in 1963. While the main home has received recent surface updates (new countertops, flooring, and paint), the kitchen cabinetry and wall AC units remain dated. The second unit is explicitly described as a tear-down, and the overall age of the structures exceeds 60 years, requiring significant modernization or reconstruction of the secondary unit.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21804, living area = 2085.
The expansive 0.5-acre lot is a rare find in East San Jose, offering immense opportunities to rebuild, expand, or add additional units for a high-yield investment.
One of the two homes is in move-in condition, featuring recent upgrades such as dual-pane windows, new kitchen countertops, fresh interior paint, and new flooring.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2085, other record living area = 1047. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The second unit on the property is in tear-down condition, requiring the buyer to invest in demolition or a complete rebuild to utilize the full potential of the lot.
County records combine data for both structures, necessitating thorough buyer investigation into zoning, permits, and actual square footage before proceeding.
Rare opportunity to own this .5 acre lot property in East San Jose. This home is full of potential and ready for your own ideas. You can rebuild one of the existing two homes, expand or build additional units and turn this in to one of your best real estate investments. One of the homes is a 3 beds, 1.5 baths in good condition. The other home is a tear-down unit which you can rebuild or remove to allow access to the back. The move in condition home features: Dual pane windows, new kitchen counter tops, new interior paint, new interior doors and new flooring in kitchen area. Long driveway can fit up to 6 regular size vehicles. The total square footage, beds and baths count shown on county records is for both properties. Buyer is advised to do their own due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 2,085 | 1,324 | 83% |
| Lot Size | 21,804 | 6,738 | 94% |
| Price | $1.20M | $1.15M | 55% |
| Price per sq ft | $575 | $777 | 9% |
| Built year | 1963 | 1955 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 118 | 2% |
May 28, 2026
$1,199,000
Initial Listing