4608 Capay Drive 3, San Jose, California 95118, San Jose, 95118 - 2 bed, 1 bath
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San Jose, California 95118
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $523,876 Fair Market Value by 4%. This valuation gap offers $24,876 in Instant Equity for buyers. With a Condition Rating of 4, the 1970-built interior provides a blank canvas for modernization. Located in the Cambrian Park neighborhood near Pioneer High School (7/10 rating), this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add entry into the San Jose market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4608 Capay Drive 3 Subject | $499,000* List Price | 2 | 1 | 903 | $580 | - |
A 1322 Shawn Drive 3 Sold | $538,000 | 2 | 1 | 903 | $596 | 0.2 mi |
B 1054 Cedar Gables Drive Sold | $603,000 | 2 | 2 | 845 | $714 | 0.6 mi |
C 1325 Joplin Drive 2 Active Under Contract | $499,000 List Price | 2 | 1 | 903 | $553 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1970 (54 years old) and the listing description does not mention any recent renovations or upgrades to the kitchen, bath, or major systems. While the exterior appears well-maintained, the age suggests the interior and systems are likely dated and will require modernization to meet current standards.
Priced under $500,000 in San Jose, this property represents an excellent and rare affordable opportunity for first-time homebuyers to enter the competitive Silicon Valley market.
Situated in the highly desirable Cambrian Park neighborhood, the condo offers exceptional accessibility to major freeways, making it ideal for commuters.
The property is located within a mile of reputable public schools, including Pioneer High School which boasts a strong 7/10 rating, adding long-term value for families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3391, other record lot size in square feet = 436.
Featuring a 2-bedroom layout with only 1 bathroom across 903 square feet, the configuration may present convenience challenges for multiple occupants or guests.
Built in 1970, the property may require additional capital investment for modern updates, cosmetic renovations, or system upgrades compared to newer developments.
Great opportunity for first time buyers: Nice small condominium with 2 bedrooms, and 1 bath in 903 Sq. Ft. located in the Cambrian Park neighborhood of San Jose and very accessible to freeways and great public schools.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 903 | 988 |
| Lot Size | 3,391 | 1,550 |
| Price | $499.0K | $671.0K |
| Price per sq ft | $553 | $625 |
| Built year | 1970 | 1985 |
| HOA | $300.0 | $586 |
| Days on market | 30 | 48 |
Jun 22, 2026
$499,000
Initial Listing
Feb 26, 2010
$169,000
Public Record
Aug 31, 2006
$380,000
Public Record
Sep 27, 2000
$224,000
Public Record
May 15, 1997
$114,000
Public Record