RealKey
‪(213) 433-7766‬

371 E William Street, San Jose, California 95112, San Jose, 95112 - 3 bed, 2 bath

371 E William Street, San Jose, California 95112 home-pic-0
ACTIVE$800,000
371 E William Street, San Jose, California 95112
3Beds
2Baths
956Sqft
3,836Lot

Price Vs. Estimate

The estimated value ($800,000) is $0 (0%) lower than the list price ($800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Situated just one block from San Jose State University and minutes from Downtown San Jose, Diridon Station, and major highways, offering unparalleled access to amenities, transportation, and a vibrant urban core.
Top Cons:
Extensive Renovation Required: The property is explicitly a 'Fixer-Upper,' implying substantial capital investment and effort will be necessary for restoration, modernization, or redevelopment.

Compared to the nearby listings

Price:$800.0K vs avg $1.20M ($-395,000)5%
Size:956 sqft vs avg 1,414.5 sqft18%
Price/sqft:$837 vs avg $84950%

More Insights

Built in 1910 (115 years old).
Condition: Built in 1910, this property is explicitly described as a 'Prime Fixer-Upper' requiring restoration, development, or transformation. The listing also states 'CASH OFFERS ONLY,' which typically indicates significant condition issues preventing traditional financing. The unpermitted garage conversion further suggests potential structural or code compliance problems. While exterior images show some basic maintenance, the lack of interior photos, combined with the age and description, strongly implies that major systems (electrical, plumbing, HVAC) and interior finishes (kitchen, bathrooms) are severely outdated and require substantial repairs and rehabilitation to meet modern standards and safety.
Year Built
1910
Close
-
List price
$800K
Original List price
$1.12M
Price/Sqft
$837
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024825
Home ConditionPoor
Features
Patio
View-

About this home

Prime Fixer-Upper with Commercial Zoning Near SJSU! This 3-bedroom, 2-bath bungalow is a rare opportunity, located just one block from San Jose State University, making it ideal for student housing, rental income, or a potential business space. Zoned Commercial Neighborhood, the property offers flexible development options (buyers to verify all possibilities with the city). Prime Location & Nearby Amenities: Steps to SJSU, less than 2 miles to Diridon Station, offering Caltrain, VTA, and Amtrak access. Easy connection to Highways 280, 101, and 87. Just minutes from the vibrant heart of Downtown San Jose. Close to Plaza de Caesar Chavez, SAP Center, The Tech Interactive, and the SoFA District known for its arts and culture scene. Positioned near the proposed Google Downtown West development, adding further value and demand in the area. Whether you're looking to restore, develop, or transform, this property's unbeatable location and zoning flexibility make it a must-see opportunity. The garage was converted into a one-bedroom unit without permits. Bring your contractors and your vision! CASH OFFERS ONLY.

Nearby schools

3/10
Lowell Elementary School
Public,•K-5•0.2mi
4/10
Horace Mann Elementary School
Public,•K-5•0.7mi
2/10
Selma Olinder Elementary School
Public,•K-5•0.7mi
4/10
Washington Elementary School
Public,•K-5•0.8mi
4/10
Gardner Elementary School
Public,•K-5•1.3mi
2/10
Grant Elementary School
Public,•K-5•1.5mi
4/10
Empire Gardens Elementary School
Public,•K-5•1.5mi
4/10
Merritt Trace Elementary School
Public,•K-5•2.7mi
4/10
Peter Burnett Middle School
Public,•6-8•1.9mi
3/10
Herbert Hoover Middle School
Public,•6-8•2.5mi
5/10
Willow Glen Middle School
Public,•6-8•3.0mi
6/10
Orchard Elementary School
Public,•K-8•4.1mi
3/10
San Jose High School
Public,•9-12•1.3mi
5/10
Abraham Lincoln High School
Public,•9-12•2.6mi
6/10
Independence High School
Public,•9-12•2.6mi
6/10
Willow Glen High School
Public,•9-12•3.0mi
Condition Rating
Poor
Built in 1910, this property is explicitly described as a 'Prime Fixer-Upper' requiring restoration, development, or transformation. The listing also states 'CASH OFFERS ONLY,' which typically indicates significant condition issues preventing traditional financing. The unpermitted garage conversion further suggests potential structural or code compliance problems. While exterior images show some basic maintenance, the lack of interior photos, combined with the age and description, strongly implies that major systems (electrical, plumbing, HVAC) and interior finishes (kitchen, bathrooms) are severely outdated and require substantial repairs and rehabilitation to meet modern standards and safety.
Pros & Cons

Pros

Exceptional Location: Situated just one block from San Jose State University and minutes from Downtown San Jose, Diridon Station, and major highways, offering unparalleled access to amenities, transportation, and a vibrant urban core.
Flexible Commercial Zoning: Zoned Commercial Neighborhood, providing diverse development options including residential, commercial, or mixed-use, which significantly enhances its long-term value and utility.
Future Growth Potential: Positioned near the proposed Google Downtown West development, indicating strong potential for future appreciation, increased demand, and economic growth in the immediate area.
High Income/Rental Potential: Its prime location near SJSU makes it an ideal candidate for student housing or other rental income opportunities, promising a strong return on investment.
Significant Value-Add Opportunity: Marketed as a 'Prime Fixer-Upper,' this property offers a blank canvas for investors and developers to restore, redevelop, or transform, maximizing its inherent potential.

Cons

Extensive Renovation Required: The property is explicitly a 'Fixer-Upper,' implying substantial capital investment and effort will be necessary for restoration, modernization, or redevelopment.
Unpermitted Garage Conversion: The garage was converted into a one-bedroom unit without permits, presenting legal and financial risks that may require costly legalization, demolition, or remediation.
Cash Offers Only: The requirement for cash offers severely limits the potential buyer pool, suggesting the property may not qualify for traditional financing due to its condition or unpermitted modifications.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state