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384 S 11th Street, San Jose, California 95112, San Jose, 95112 - 2 bed, 3 bath

384 S 11th Street, San Jose, California 95112 home-pic-0
ACTIVE$578,000
384 S 11th Street, San Jose, California 95112
2Beds
3Baths
1,050Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Strategically located steps from San Jose State University and the downtown core, offering unbeatable proximity to cafes, shopping, public transit, and freeway access, making it highly desirable for various demographics.
Top Cons:
Requires Significant Renovation: The property is explicitly marketed as a 'blank canvas' needing updates and customization, implying a substantial additional investment of time and capital for modernization.

Compared to the nearby listings

Price:$578.0K vs avg $642.5K ($-64,500)22%
Size:1,050 sqft vs avg 1,276 sqft28%
Price/sqft:$550 vs avg $55450%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this property is explicitly marketed as a 'true blank canvas' requiring updates. While it features fresh interior paint and functional laminate flooring, the kitchen and bathrooms are significantly outdated with white tile countertops, older white appliances, basic cabinets, and dated light fixtures. Major components are functional, but the property has not undergone a major renovation since construction, necessitating substantial cosmetic and functional updates to meet current standards.
Year Built
1986
Close
-
List price
$578K
Original List price
$598K
Price/Sqft
$550
HOA
$575
Days on market
-
Sold On
-
MLS number
ML82014376
Home ConditionFair
Features
Deck
View-

About this home

New Strategic Price! This condo is a true blank canvas. Rare chance to update, customize & add value in one of the highest-demand rental locations in San Jose. Just steps from San Jose State University & the downtown core, this two-story home appeals to university employees, student parents, investors, & 1031 buyers looking for consistent demand & strong long-term ROI. Fresh interior paint highlights the ideal layout featuring 2 bedrooms & 2.5 bathrooms, including two private master suites upstairs, each with its own bath. The main level offers a bright living area, kitchen, half bath, & a bonus room perfect for a study, office, or potential 3rd bedroom, along with a balcony and abundant built-in storage. An in-unit washer and dryer provide everyday convenience, & two reserved covered parking spaces in a secure garage add tremendous value in this central downtown neighborhood. With year-round rental demand, unbeatable proximity to cafes, shopping, public transit, & freeway access just yards away, this home sits in the heart of Silicon Valleys most reliable housing corridor. Opportunities in this location are rare especially those offering the freedom to update & build equity from day one making this a prime opportunity to create long-term value in San Jose.

Nearby schools

3/10
Lowell Elementary School
Public,•K-5•0.4mi
2/10
Selma Olinder Elementary School
Public,•K-5•0.5mi
4/10
Horace Mann Elementary School
Public,•K-5•0.6mi
4/10
Peter Burnett Middle School
Public,•6-8•1.9mi
3/10
San Jose High School
Public,•9-12•1.1mi
Condition Rating
Fair
Built in 1986, this property is explicitly marketed as a 'true blank canvas' requiring updates. While it features fresh interior paint and functional laminate flooring, the kitchen and bathrooms are significantly outdated with white tile countertops, older white appliances, basic cabinets, and dated light fixtures. Major components are functional, but the property has not undergone a major renovation since construction, necessitating substantial cosmetic and functional updates to meet current standards.
Pros & Cons

Pros

Prime Location: Strategically located steps from San Jose State University and the downtown core, offering unbeatable proximity to cafes, shopping, public transit, and freeway access, making it highly desirable for various demographics.
Strong Investment Potential: Situated in one of San Jose's highest-demand rental locations, promising consistent demand and strong long-term ROI for investors, university employees, student parents, and 1031 buyers.
Value-Add Opportunity: Described as a 'true blank canvas,' this property offers a rare chance for buyers to update, customize, and build equity from day one, creating long-term value.
Functional & Flexible Layout: Features an ideal two-story layout with two private master suites upstairs, a bright living area, and a bonus room perfect for a study, office, or potential 3rd bedroom, enhancing its versatility.
Key Urban Conveniences: Includes an in-unit washer and dryer and two reserved covered parking spaces in a secure garage, providing significant convenience and added value in a central downtown neighborhood.

Cons

Requires Significant Renovation: The property is explicitly marketed as a 'blank canvas' needing updates and customization, implying a substantial additional investment of time and capital for modernization.
High Monthly Association Fee: A monthly association fee of $575 is a considerable recurring expense that impacts the overall cost of ownership and potential cash flow for investors.
Older Construction: Built in 1986, the property's age suggests that major systems and finishes may be original or nearing the end of their lifespan, potentially leading to higher maintenance costs and future replacement needs.

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