407 Raymond Avenue, San Jose, California 95128, San Jose, 95128 - 0 bed, 0 bath
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San Jose, California 95128
This Turnkey Duplex represents a High-Potential Investment Opportunity, listed at $1,288,000—positioned well below the $1,454,936 Fair Market Value by 11%. This valuation gap provides $166,936 in Instant Equity. With an Excellent Condition Rating following comprehensive renovations, including new flooring and remodeled bathrooms, the property is ready for immediate occupancy. Its proximity to San Jose City College and major highways makes it a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy with private patios and mature fruit trees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 407 Raymond Avenue Subject | $1,288,000* List Price | 0 | 0 | 2,080 | $699 | - |
A 870 Leigh Avenue Sold | $1,295,000 | 0 | 0 | 1,786 | $725 | 0.8 mi |
B 820 Leigh Avenue Sold | $1,512,000 | 0 | 0 | 2,159 | $700 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone recent comprehensive renovations (under 5 years) including bathroom remodels, new flooring, paint, lighting, and appliances. It is in mint, move-in ready condition for immediate occupancy.
Both units have undergone extensive recent updates including new flooring, paint, and remodeled bathrooms, allowing for immediate occupancy or rental without additional capital expenditure.
Situated just minutes from San Jose City College and major highways 280 and 880, the property is perfectly positioned for high rental demand, particularly for student housing or commuters.
Each unit features its own private entrance, secluded patio, and dedicated laundry closet, offering a level of autonomy and convenience typically found in single-family homes.
The assigned public schools have relatively low to average ratings, which may limit the property's appeal to families prioritizing high-performing school districts.
With a 4,000 sqft lot accommodating a 2,080 sqft structure and parking, there is minimal common yard space beyond the small private patios.
Both units offer IMMEDIATE OCCUPANCY! Renovations include: New flooring, paint, blinds, lighting, built in microwaves, sliding door (Unit B), bathroom remodel (Both Units), landscaping etc. Property Summary: This 2-unit residential property features mirrored units boasting unique features such as private laundry closets for each unit, private entrances, private and secluded patios, 2 car covered carport and an abundance of additional off-street parking. Each unit is approximately 1,040 Sqft and fea-tures a kitchen, living room and patio 1st floor, 2 bedrooms, 1 full bath 2nd floor. Mature Fruit Trees! Avocado & Orange! Location Overview: Prime location is just 2 minutes from Hwy 280 and 4 minutes from Hwy 880. Just 5 minutes from Westfield Valley Fair. 4 Minutes from San Jose City College makes this property ideal for Student Housing! Live in one, rent the other to a student? This property offers many unique opportunities to owner users and investors alike! Excellent Location Excellent Demographics Ideal Owner User or Investment Below Replacement Cost Mature Fruit Trees 4 Minutes to San Jose City College 2 Minutes to Hwy 280 and 880 Ready for IMMEDIATE OCCUPANCY
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.7 mi
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 | 2,080 | 1,786 | 60% |
| Lot Size | 4,000 | 6,300 | 20% |
| Price | $1.29M | $1.40M | 20% |
| Price per sq ft | $619 | $725 | 20% |
| Built year | 1980 | 1964 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 102 | 20% |
May 22, 2026
$1,288,000
Initial Listing