390 Caribe Way, San Jose, California 95133, San Jose, 95133 - 2 bed, 3 bath
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San Jose, California 95133
This Dual Master Suite Condominium represents a Strong Value Opportunity, listed at $550,000—positioned well below the $559,988 Fair Market Value by 1.78%. This valuation gap offers $9,988 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property is move-in ready with fresh paint and carpet, though it offers room for cosmetic updates. With a private patio and high rental demand, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 390 Caribe Way Subject | $550,000* List Price | 2 | 3 | 1,067 | $525 | - |
A 2599 Easton Lane 109 Active Under Contract | $520,000 List Price | 2 | 2 | 975 | $533 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property exceeds the 20-year threshold for 'Fair' condition. While it features cosmetic updates like fresh paint and new carpet, the bathrooms and systems (visible baseboard heating) remain dated. Additionally, the exterior storage door shows significant wood rot/damage, necessitating minor repairs.
The functional floor plan features two private master suites, providing an ideal configuration for roommates or investors looking to maximize rental yield.
The property is move-in ready with freshly painted interiors and newly installed carpet, reducing immediate post-purchase renovation costs for the buyer.
Situated in a high-demand area within walking distance to grocery stores, retail, and dining, offering excellent convenience and easy freeway access for commuters.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =784, other record lot size in square feet = 436.
The $600 monthly association fee represents a significant recurring carrying cost that may impact overall affordability and investor ROI.
At 1,067 square feet, the interior living area is relatively modest, which may feel restrictive for families or those requiring a more spacious common area.
An excellent opportunity for both first-time homebuyers and savvy investors, this well-located Berryessa property offers strong rental potential and everyday convenience. Featuring 2 bedrooms and 2.5 bathrooms across 1,067 square feet, the functional open floor plan includes two private master suitesan ideal setup for roommates or maximizing rental income. The home is move-in ready with freshly painted interiors and newly installed carpet. The main level offers a bright living area with a fireplace, a convenient half bath for guests, and a sliding glass door leading to a private patio with additional storage. In-unit laundry adds everyday ease for occupants. Additional highlights include a detached one-car garage, one assigned parking space, and abundant street parking for guests. Residents also enjoy access to a community pool. Located in a high-demand rental area, this home is within walking distance to grocery stores, retail, restaurants, 24 Hour Fitness, and more, with easy access to major freewaysmaking it attractive for both commuters and tenants alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,067 | 988 |
| Lot Size | 784.08 | 1,550 |
| Price | $550.0K | $671.0K |
| Price per sq ft | $515 | $625 |
| Built year | 1985 | 1985 |
| HOA | $600.0 | $586 |
| Days on market | 34 | 48 |
Jun 18, 2026
$550,000
Initial Listing