
San Jose, California 95127
This Multi-Unit Residential Asset is a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,121,534 Fair Market Value by 6%. This valuation gap offers $72,534 in Instant Equity. Featuring a Condition Rating of 3, the home includes a 2018 kitchen remodel, hardwood floors, and a versatile layout with private entrances. Its large 8,050 sqft lot and proximity to downtown San Jose make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 55 Manning Avenue Subject | $1,049,000* List Price | 4 | 2 | 1,882 | $596 | - |
A 561 Davenport Drive Sold | $1,130,000 | 4 | 2 | 1,892 | $597 | 0.9 mi |
B 247 Delia Street Sold | $1,291,000 | 4 | 3 | 2,160 | $598 | 0.7 mi |
C 78 Clareview Avenue Pending | $1,098,000 List Price | 3 | 2 | 1,573 | $698 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a kitchen and bathroom remodel in 2018 (6 years ago), featuring modern cabinetry, stone counters, and stainless steel appliances. While the original structure dates to 1927, significant permit work in 2005 and recent interior updates like recessed lighting and hardwood floors make it a well-maintained, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8050, living area = 1882.
The property is uniquely configured to function as a multi-family residence with private entrances, offering significant potential for rental income or multi-generational living.
Extensively remodeled in 2018, the home features a contemporary kitchen with stainless steel appliances, a center island, and updated bathrooms, providing a turn-key experience for buyers.
With four bedrooms but only two bathrooms, the ratio may be insufficient for large families or multiple tenants, potentially impacting daily convenience and rental appeal.
Originally built in 1927, the property may require more frequent maintenance or future upgrades to aging structural and utility systems typical of homes from this era.
Our single family home is living like a multifamily property / The permit history confirms completion in 2005 with remodeled kitchen and bathroom upgrades in 2018 / Hardwood floors and recessed lighting / Stainless steel appliances and center island in the eat in kitchen / The sellers family was forward thinking and created what we would now call an Additional Dwelling Unit / The current living space includes 1882 square feet residence with 4 bedrooms and 2 bathrooms / The new owners could continue to live in this large multigeneration home or easily gain investment income with a multiunit residence that offers private entrances / Large 8050 square foot lot is ready for your doughboy pool that is surrounded by stamped concrete / First time buyers and savvy investors understand rental history has exceeded all expectations / We present a wonderful opportunity to secure a turn key home or add another quality product for your portfolio / Take a short trip down Alum Rock Avenue and realize the close proximity to The Shark Tank and everything happening along San Pedro Square and Downtown San Jose / City bus service is only one block away and Capital Expressway provides easy access to all commute corridors that take you or your tenants quickly to anywhere Silicon Valley / Welcome Home !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,882 | 1,706.046 |
| Lot Size | 8,050 | 6,261.966 |
| Price | $1.05M | $1.68M |
| Price per sq ft | $557 | $979 |
| Built year | 1927 | 1965 |
| HOA | $0 | $200 |
| Days on market | 14 | 37 |
Aug 26, 2026
$1,049,000
Initial Listing