4359 Venice Way, San Jose, California 95129, San Jose, 95129 - 3 bed, 2 bath
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4359 Venice Way
San Jose, California 95129
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,648Sq Ft
7,100Lot Size
Property Price
LIST PRICE$1,888,888
EST. MARKET VALUE
$1,992,959
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,888,888—positioned well below the $1,992,960 Fair Market Value by 5%. This valuation gap offers $104,072 in Instant Equity. Featuring a 3-bedroom main residence and a separate 1-bedroom unit on a 7,100 sqft corner lot, the property maintains a Condition Rating of 4. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income and long-term development potential in a prime Silicon Valley location.
Estimated Market Value
$1,992,959+$104,071 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4359 Venice Way Subject 3 bd · 2 ba · 1,648 sqft · $1,209 | $1,888,888* List Price | 3 | 2 | 1,648 | $1,209 | - |
A 1249 Marilla Avenue Sold 4 bd · 3 ba · 1,675 sqft · $1,193 · 0.4 mi | $1,999,000 | 4 | 3 | 1,675 | $1,193 | 0.4 mi |
B 1219 Teresita Drive Sold 3 bd · 2 ba · 1,685 sqft · $1,377 · 0.6 mi | $2,320,000 | 3 | 2 | 1,685 | $1,377 | 0.6 mi |
C 5031 Doyle Road Sold 4 bd · 2 ba · 1,607 sqft · $1,325 · 0.7 mi | $2,130,000 | 4 | 2 | 1,607 | $1,325 | 0.7 mi |
D 744 Springwood Sold 4 bd · 2 ba · 1,569 sqft · $1,376 · 0.8 mi | $2,158,888 | 4 | 2 | 1,569 | $1,376 | 0.8 mi |
E 1192 Forest Creek Drive Active 3 bd · 2 ba · 1,436 sqft · $1,392 · 0.9 mi | $1,998,888 List Price | 3 | 2 | 1,436 | $1,392 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Property was built in 1957 (>50 years old) but is currently occupied by long-term tenants, indicating it is livable and functional rather than a tear-down. The exterior appears well-maintained, but the listing description emphasizes renovation, value-add, and development potential, suggesting the interior systems, kitchen, and bathrooms are likely dated and need updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7100, living area = 1648.
- Income & Versatility
The property features a main 3-bedroom residence plus a separate 1-bedroom unit, providing immediate rental income from existing tenants or flexible options for multigenerational living.
- Development Potential
Situated on a rare 7,100 sqft corner lot, this property offers significant value-add opportunities, including potential for subdivision, ADU expansion, or future mixed-use residential/commercial development.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The presence of long-term tenants and a 'do not disturb' instruction may complicate the viewing process and delay immediate possession for owner-occupant buyers.
- Development Uncertainty
All potential uses and zoning feasibility must be independently verified by the buyer, as the seller makes no representations regarding the success of future subdivision or mixed-use permitting.
About 4359 Venice Way
Rare & Gorgeous CORNER LOT. This Versatile property featuring a 3-bedroom, 2-bathroom main residence plus a separate 1-bedroom, 1-bathroom unit, offering flexible options for rental income, multigenerational living, a private guest retreat, or office space. Long-term month-to-month tenants are currently in place, providing immediate income while exploring renovation, value-add, or potential future mixed-use residential/commercial development opportunities, subject to zoning and City approvals. ***Buyer to independently investigate and verify all potential uses and development opportunities, including zoning, subdivision/lot-split potential, permitted residences, setbacks, lot coverage, ADU/JADU options, utilities, easements, permitting and feasibility. Seller /Sellers agent make no representation regarding what may be built, subdivided or otherwise permitted on the property. PLEASE DO NOT DISTURB TENANTS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 7,100 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,648 | 1,721.238 |
| Lot Size | 7,100 | 6,271.145 |
| Price | $1.89M | $1.67M |
| Price per sq ft | $1.1K | $972 |
| Built year | 1957 | 1965 |
| HOA | $0 | $190 |
| Days on market | 32 | 38 |
Pricing History
Listed for Sale
Sep 22, 2026
$1,888,888
Initial Listing
Sold
Dec 15, 2005
$699,000
Public Record