446 W San Fernando Street, San Jose, California 95110, San Jose, 95110 - 0 bed, 0 bath
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San Jose, California 95110
This Victorian Triplex represents a Prime Investment Opportunity with a List Price of $1,350,800—positioned well below the $1,384,219 Fair Market Value by 2%. This valuation gap provides $33,419 in Instant Equity. Currently holding a Condition Rating of 4, the asset offers immense value-add potential via a fully finished basement and expansion room. Situated near the SAP Center and San Jose Unified School District, this transit-oriented property is a high-yield acquisition for Buy-and-Hold Investors or Value-Add Developers.
Property is moderate renovation needed.
This 1900 Victorian triplex is in livable condition but shows significant signs of age and dated finishes. The kitchens and bathrooms appear to have been updated roughly 20-30 years ago, featuring basic vinyl flooring, older cabinetry, and mismatched appliances. The property lacks central cooling, relying on older wall furnaces for heat, and the exterior landscaping is currently unmaintained with significant weed growth. While functional, the interior aesthetics and systems are outdated and will eventually require modernization to meet current market standards.
Situated directly across from a light rail stop and just blocks from downtown San Jose and the SAP Center, this property offers exceptional accessibility and high rental demand.
With a fully finished basement and designated room for expansion, investors have a unique opportunity to increase square footage and maximize the property's income-generating capacity.
Unlike many historic multi-family properties in urban centers, this triplex includes a three-car garage, providing dedicated parking or storage for every unit.
The property lacks a central cooling system and relies on wall furnaces for heat, which may necessitate future HVAC upgrades to meet modern tenant expectations.
Built in 1900, this Victorian structure likely requires specialized maintenance and potential updates to aging infrastructure to preserve its long-term value and functionality.
Welcome to this charming victorian triplex located in the vibrant city of San Jose. Close to lighrail stop across the street, few blocks from, downtown and arena. Spanning 3 units 1bed 1 bath,1 car garage. this property offers a spacious layout with a variety of flooring options, including carpet, hardwood, and vinyl/linoleum, catering to different lifestyle needs. The kitchen is equipped with a range of appliances that vary by unit. Room for expansion and fully finish basement. Though the home does not feature cooling, it is heated via a wall furnace, providing warmth during cooler months. The living area is complemented by a cozy fireplace, adding to the home's inviting atmosphere. For laundry needs, some units are equipped with a washer and dryer, enhancing convenience. With a generous minimum lot size of 5,076 sq ft, the property includes garage spaces for up to three vehicles, accommodating your parking and storage needs. Located within the San Jose Unified School District, this home presents a great opportunity for families seeking a residence in this sought-after community.
No exterior & parking available.
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 | 1,834 | 1,834 | 50% |
| Lot Size | 5,076 | 10,530 | 33% |
| Price | $1.35M | $1.62M | 33% |
| Price per sq ft | $737 | $737 | 50% |
| Built year | 1900 | 1903 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 196 | 33% |
Mar 24, 2026
$1,350,800
Initial Listing
Sep 14, 2010
$450,000
Public Record
Mar 31, 1999
$295,000
Public Record