515 Coe Avenue, San Jose, California 95125, San Jose, 95125 - 2 bed, 1 bath
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515 Coe Avenue
San Jose, California 95125
ACTIVE
CONDITION: GOOD
2Beds
1Baths
996Sq Ft
6,075Lot Size
Property Price
LIST PRICE$1,199,000
EST. MARKET VALUE
$1,249,869
4% BelowMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $1,495,000—positioned slightly above the $1,467,898 Fair Market Value. Featuring a Condition Rating of 3, the home is move-in ready while offering significant development upside. With approved plans and permits for a 2,294 sqft residence and ADU potential under AB 1033, this asset provides immediate rental income and long-term growth. Located in the desirable Willow Glen neighborhood, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to maximize land value through strategic development.
Estimated Market Value
$1,249,869+$50,869 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 |
|---|---|---|---|---|---|---|
★ 515 Coe Avenue Subject | $1,199,000* List Price | 2 | 1 | 996 | $1,255 | - |
A 520 Atlanta Avenue Sold | $1,380,000 | 2 | 1 | 1,372 | $1,006 | 0.0 mi |
B 1018 Delmas Avenue Sold | $1,500,000 | 2 | 2 | 1,115 | $1,345 | 0.2 mi |
C 1003 Spencer Avenue Sold | $1,488,000 | 3 | 2 | 996 | $1,494 | 0.2 mi |
D 1326 Milton Way Sold | $1,500,000 | 2 | 2 | 1,086 | $1,381 | 0.5 mi |
E 367 Atlanta Avenue Sold | $1,500,000 | 3 | 2 | 1,306 | $1,149 | 0.2 mi |
F 444 Fuller Avenue Active | $949,000 List Price | 2 | 1 | 924 | $1,027 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1920, the interior has been significantly refreshed and is move-in ready. Key updates include modern mini-split HVAC systems, stainless steel kitchen appliances, and well-maintained hardwood flooring. Although the bathroom tile is dated, the home is functional and well-maintained, fitting the criteria for a property renovated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Development Ready
The property includes fully approved plans and permits for a new 2,294 sqft, 4-bedroom residence, saving the buyer significant time, cost, and bureaucratic effort in the pre-construction phase.
- Dual-Income Potential
The existing move-in ready home allows for immediate rental income during construction and provides long-term flexibility as a legal ADU or a potential condo conversion under California AB 1033.
- Prime Willow Glen Location
Situated in the highly sought-after Willow Glen neighborhood, this property offers strong investment stability and proximity to premium local amenities and downtown San Jose.
CONSRISKS & DEFICIENCIES
- Substantial Construction Costs
The list price reflects the development potential, but the buyer must still secure significant additional financing and manage the complexities of building a new two-story home from the ground up.
- Modest School Ratings
The immediate assigned public schools, such as Gardner Elementary and Herbert Hoover Middle, have lower ratings compared to other elite school pockets within the San Jose Unified district.
About 515 Coe Avenue
NEW PRICE - NOW $1,199,000! Unbeatable Willow Glen opportunity - repriced for immediate sale! This charming Old World Bungalow sits on a fantastic tree-lined street and is loaded with character and charm. This desirable move-in-ready 2 bedroom, 1 bathroom home comes complete with an additional office space and boasts great natural lighting throughout. The backyard is enjoyable As-Is now, but also offers the potential for so much more, maybe an ADU or even a whole new extra house. Hard-to-get city approved plans for a 2294 SF home comes with the sale in case you want to go that extra mile!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 6,075 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Gardner Elementary School
Grades K-5 • 0.4 mi
4/10
Washington Elementary School
Grades K-5 • 0.9 mi
4/10
Ernesto Galarza Elementary School
Grades K-5 • 1.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 996 | 1,706.046 |
| Lot Size | 6,075 | 6,261.966 |
| Price | $1.20M | $1.68M |
| Price per sq ft | $1.2K | $979 |
| Built year | 1920 | 1965 |
| HOA | $0 | $200 |
| Days on market | 55 | 37 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,199,000
$1,495,000
-20% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$1,495,000
Initial Listing
Sold
Jul 13, 2018
$1,025,000
Public Record