515 Coe Avenue, San Jose, California 95125, San Jose, 95125 - 2 bed, 1 bath
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San Jose, California 95125
This Development-Ready Asset is a High-Potential Investment Opportunity, listed at $1,495,000—positioned slightly above the $1,451,182 Fair Market Value. While the current Condition Rating of 4 reflects a dated 1920s structure, the property includes Approved Plans and Permits for a 2,294 sqft residence, offering significant time-saving value. The existing unit provides immediate rental income and future ADU potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to maximize long-term equity in the desirable Willow Glen neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Coe Avenue Subject | $1,495,000* List Price | 2 | 1 | 996 | $1,457 | - |
A 1003 Spencer Avenue Sold | $1,488,000 | 3 | 2 | 996 | $1,494 | 0.2 mi |
B 1074 Cherry Avenue Sold | $1,903,000 | 2 | 1 | 1,179 | $1,614 | 0.9 mi |
C 1295 Vernon Avenue Sold | $1,230,000 | 2 | 1 | 1,085 | $1,134 | 0.5 mi |
D 715 Harrison St Sold | $1,300,000 | 2 | 2 | 1,141 | $1,139 | 0.3 mi |
E 914 Delmas Avenue Active | $1,199,000 List Price | 3 | 2 | 1,067 | $1,124 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1920s structure is well-maintained and 'move-in ready' with modern mini-split HVAC units, the bathroom features dated oak cabinetry and tile work exceeding 20 years in age. The property is primarily valued for its land and approved permits for a new build, as the current interior requires cosmetic and functional updates to meet modern standards.
The property includes approved plans and permits for a new 2,294 sqft, two-story residence, saving the buyer significant time and costs associated with the city's entitlement process.
The existing move-in ready home can generate immediate rental income during construction and will be reclassified as a legal ADU upon completion of the new build, maximizing the lot's investment yield.
Situated in one of San Jose's most desirable neighborhoods, the property offers strong long-term appreciation potential and proximity to high-value amenities and charming local character.
The list price reflects the land and permits, but the buyer will need significant additional capital and construction financing to complete the proposed 2,294 sqft residence.
Built in 1920, the existing 996 sqft home may require ongoing maintenance or modernization to function effectively as a high-end ADU or rental unit alongside a new luxury home.
Not just 1 Home, but potentially 2 Homes on the same lot! This existing home is a desirable 2 beds/1bath unit, complete with an additional office space, and is move-in ready to generate immediate income during construction of a new home. With approved plans and permits in place, the future 2294 sf two-story residence will feature 4 bedrooms, 3 bathrooms and a generously large 1-car garage. Enjoy a private 20-feet deep backyard and a charming front porch. Upon completion of the new build, the front building gets reclassified as an ADU. Whether you choose to rent it out for additional income, accommodate family members, or explore the potential for a condo conversion under California AB 1033, an ADU enhances your living space while maximizing your investment. Embrace the potential of dual living spaces in desirable Willow Glen.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 996 | 1,683.5 |
| Lot Size | 6,075 | 6,300 |
| Price | $1.50M | $1.70M |
| Price per sq ft | $1.5K | $1000 |
| Built year | 1920 | 1966 |
| HOA | $0 | $160 |
| Days on market | 7 | 35 |
Jul 16, 2026
$1,495,000
Initial Listing
Jul 13, 2018
$1,025,000
Public Record