407 Raymond Avenue, San Jose, California 95128, San Jose, 95128 - bed, bath
407 Raymond Avenue
San Jose, California 95128
Property Price
SUMMARY
Analysis of 407 Raymond Avenue, San Jose, California 95128 is currently available with a list price of $1,365,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone recent cosmetic renovations including new flooring, paint, lighting, and appliances. While the 1980s build is still evident in the kitchen cabinetry and overall layout, the updates ensure there is no deferred maintenance, making it a turnkey investment or owner-user opportunity.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
This duplex offers immediate occupancy for both units, providing a perfect 'house-hack' opportunity for owner-users or a high-demand rental for students given its proximity to San Jose City College.
- Turnkey Renovations
The property features significant recent upgrades including new flooring, paint, lighting, and appliances, ensuring a move-in ready condition that minimizes immediate capital expenditures for an investor.
- Prime Commuter Location
Strategically located just minutes from Highways 280 and 880, as well as Westfield Valley Fair, the property offers exceptional accessibility to major Silicon Valley employment hubs and amenities.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The local public schools carry relatively low ratings (ranging from 3 to 4), which may limit the property's appeal to long-term family tenants or buyers prioritizing top-tier education districts.
- Market Price Sensitivity
A recent major price reduction of $80,000 suggests the property faced initial challenges with market alignment, potentially reflecting the competitive nature of 1980s-built multi-family assets in the area.
About 407 Raymond Avenue
Major Price Reduction! Both units offer IMMEDIATE OCCUPANCY! Renovations include: New flooring, paint, blinds, lighting, built in microwaves, toilet and sliding door (Unit B), 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 features a kitchen, living room and patio 1st floor, 2 bedrooms, 1 full bath 2nd floor. Mature & Producing Avocado & Orange Trees! 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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1980
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Merritt Trace Elementary School
Grades K-5 • 0.7 mi
Gardner Elementary School
Grades K-5 • 1.8 mi
Horace Mann Elementary School
Grades K-5 • 2.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,080 | 2,980.5 | 33% |
| Lot Size | 4,000 | 8,429.5 | 17% |
| Price | $1.36M | $1.66M | 33% |
| Price per sq ft | $656 | $592 | 50% |
| Built year | 1980 | 1968 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 191 | 17% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,365,000
$1,445,000
-6% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$1,445,000
Initial Listing