5534 Makati Circle, San Jose, California 95123, San Jose, 95123 - 1 bed, 1 bath
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San Jose, California 95123
This Condominium represents a High-Potential Investment Opportunity, listed at $424,888—positioned well below the $385,758 Fair Market Value by -10%. While the property requires cosmetic updates to improve its Fair Condition Rating, it offers immediate access to Silicon Valley employment hubs and amenities like a heated pool, spa, and private patio. With its central location near major highways and transit, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5534 Makati Circle Subject | $424,888* List Price | 1 | 1 | 552 | $699 | - |
A 5430 Makati Circle Sold | $465,000 | 1 | 1 | 690 | $674 | 0.1 mi |
B 5688 Makati Circle H Sold | $463,500 | 1 | 1 | 690 | $672 | 0.1 mi |
C 5382 Makati Cir Sold | $465,000 | 1 | 1 | 744 | $625 | 0.1 mi |
D 5689 Makati Circle H Active | $475,000 List Price | 1 | 1 | 690 | $688 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old and remains largely dated. While the interior is clean with newer laminate flooring, the kitchen features older white coil-top appliances and fluorescent box lighting, and the bathroom fixtures are basic. It is functional and move-in ready but requires cosmetic updates to meet modern standards.
Priced under $500,000, this property represents a rare and highly competitive entry point into the Silicon Valley real estate market, offering significant appeal for first-time buyers and investors.
The strategic location provides effortless access to Highways 85, 87, and 101, as well as proximity to VTA and Caltrain, making it ideal for professionals working throughout the Bay Area.
The unit is equipped with highly sought-after features often missing in smaller condos, including central air conditioning, in-unit laundry, and a private outdoor patio space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =727, other record lot size in square feet = 924.
The monthly HOA fee of $617 is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
At just 552 square feet, the compact living space may feel restrictive and limits the property's appeal to single occupants or couples without a need for additional storage or office space.
Your Opportunity to Own in Silicon Valley for Under $500K! Welcome to 5534 Makati Circle, located in one of San Jose's most desirable locations. Step inside to a bright, inviting floor plan featuring central air conditioning, in-unit laundry, and a seamless transition to your own private patioperfect for morning coffee, entertaining, or unwinding after a long day. A covered parking space is conveniently located just steps from your front door. Enjoy resort-style living in a pet-friendly community complete with a heated pool, spa, scenic walking paths, and beautifully landscaped grounds. Your HOA dues include water, sewer, garbage, exterior maintenance, roof, landscaping, and community amenities, allowing you to spend less time on upkeep and more time enjoying life. Situated in the heart of Silicon Valley, you're just minutes from Village Oaks Shopping Center, Kaiser Permanente, Costco, Oakridge Mall, Almaden Lake Park, VTA, Caltrain, and Highways 85, 87, and 101, making commuting and everyday errands effortless. Whether you're purchasing your first home, downsizing, or looking for a smart investment, this is your chance to own instead of rent and begin building long-term wealth. Don't miss this incredible value in an unbeatable location!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 552 | 988 |
| Lot Size | 727 | 1,550 |
| Price | $424.9K | $671.0K |
| Price per sq ft | $770 | $625 |
| Built year | 1985 | 1985 |
| HOA | $617.0 | $586 |
| Days on market | 10 | 48 |
Jul 13, 2026
$424,888
Initial Listing
Sep 7, 1999
$144,000
Public Record