362 S Willard Avenue, San Jose, California 95126, San Jose, 95126 - 0 bed, 0 bath
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San Jose, California 95126
Analysis of 362 S Willard Avenue, San Jose, California 95126 is currently available with a list price of $1,195,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1900 (>50 years old) with no mention of renovations. The listing explicitly states 'the real value is in the land' and describes the lot as 'ready for your new apartment building,' which fits the criteria for land value focus.
The massive 11,782 square foot lot paired with R3 zoning presents a premier opportunity for high-density redevelopment, such as a new apartment building, in a high-demand market.
Ideally situated near Diridon Station, Santana Row, and Downtown San Jose, the property offers tenants and owners elite access to Silicon Valley's top tech employers and luxury amenities.
The property features three habitable rental units, providing an active income stream to offset holding costs while the owner secures permits for future development.
Built in 1900, the existing structures are over a century old and likely require substantial maintenance or complete replacement to meet modern living standards.
The property is classified as a duplex but currently operates with three units; this discrepancy may create challenges with traditional financing or require legal normalization during redevelopment.
The year was 1900 and it was classified as a duplex / Zoned R3 so today there are three rental units / Unit A is 2 beds and 1 bath 1091 square feet / Unit B is 1 bed and 1 bath 464 square feet / Unit C is 2 bed and 1 bath 734 square feet / Tomorrow the real value is in the land / Our original duplex has three habitable units / Long driveway takes you back to the super large 11,782 square foot lot that is ready for your new apartment building / The grounds are accented by mature trees and plenty of space for your garden beds / This is a well established community in central San Jose / Enjoy a short wagon pull to Buena Vista Park / Situated center of the neighborhood lets you experience everything on the west side at the boutique shops and restaurants along Santa Row and Valley Fair / Travel east and realize the close proximity to The Shark Tank and everything happening along San Pedro Square and Downtown San Jose / Super easy access to Caltrain and VTA light rail at Diridon Station will get you or your tenants quickly to all the top tech companies in Silicon Valley / Visit the neighborhood and see the upside potential of this investment opportunity then make plans to diversify your portfolio with much needed residential housing in San Jose / Cheers!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,314 | 3,681.5 | 25% |
| Lot Size | 11,782 | 10,891 | 50% |
| Price | $1.20M | $1.82M | 25% |
| Price per sq ft | $516 | $484 | 50% |
| Built year | 1900 | 1973 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 111 | 25% |
May 14, 2026
$1,195,000
Initial Listing