54 W Reed Street, San Jose, California 95110, San Jose, 95110 - bed, bath
54 W Reed Street
San Jose, California 95110
Property Price
SUMMARY
Analysis of 54 W Reed Street, San Jose, California 95110 is currently available with a list price of $1,398,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1900, the listing explicitly states 'Fully rehabbed historic homes with new contemporary and trendy design standards.' The images confirm this, showcasing a completely renovated interior with a modern kitchen featuring white shaker cabinets, quartz countertops, and stainless steel appliances. The bathrooms are also fully updated with new vanities, modern fixtures, and stylish tiling. New oak floors, recessed lighting, and fresh paint throughout indicate a comprehensive and recent renovation, bringing the property to a virtually new condition.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property is a duplex, offering two homes side-by-side, ideal for rental income or flexible living arrangements, appealing to both investors and owner-occupants.
- High-Quality Renovation
Recently fully rehabbed with contemporary and trendy design standards, including new tile work, marble quartz countertops, white shaker cabinets, new oak floors, and upgraded windows, ensuring a move-in ready condition.
- Prime Downtown Location
Conveniently located near downtown San Jose, offering easy access to a vibrant array of restaurants, breweries, entertainment venues, and urban amenities.
CONSRISKS & DEFICIENCIES
- Active Under Contract Status
The property is currently 'Active Under Contract,' meaning it is not immediately available for new offers unless the existing deal falls through, limiting immediate buyer opportunities.
- Significant Price Reduction & DOM
A substantial price reduction from the original list price of $1.798M to $1.398M, coupled with 95 days on market, suggests the property may have been initially overpriced or faced market resistance.
- Limited Square Footage for Duplex
With 1082 sqft listed for what is described as a duplex (two homes), the individual unit sizes are likely quite small, which could be a drawback for tenants or owner-occupants seeking more spacious living areas.
About 54 W Reed Street
Harcourts Non-Distressed Auction - Bidding to start from $699,000. 12pm April 6, 2023. All buyers and financing options welcome. Contingencies considered. No buyer premiums or additional fees. Disclosures and reports available. Open to preemptive offers Two Homes Side By Side. Can be purchased separately or together as a package. Great for rental units. Fully rehabbed historic homes with new contemporary and trendy design standards featuring detailed tile work, marble quartz countertops, white shaker cabinets, new oak floors, and upgraded windows. This home is conveniently located near restaurants, breweries, entertainment venues, downtown and more! Great opportunity for new homebuyers or investment property. Quick access to HWY 280. Listed as a duplex together with the house next door at 62 Reed Street.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1900
- Lot Size
- 4,371 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,082 | 1,082 | 50% |
| Lot Size | 4,371 | 10,530 | 33% |
| Price | $1.40M | $1.62M | 33% |
| Price per sq ft | $1.3K | $1.3K | 50% |
| Built year | 1900 | 1903 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 1149 | 418 | 0% |
Pricing History
Listed for Sale
Aug 21, 2025
$1,398,000
Initial Listing
Price Change
Jan 13, 2023
$1,798,000
Initial Listing