558 N 3rd Street, San Jose, California 95112, San Jose, 95112 - 2 bed, 2 bath
558 N 3rd Street
San Jose, California 95112
Property Price
SUMMARY
Analysis of 558 N 3rd Street, San Jose, California 95112 is currently available with a list price of $725,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and well-maintained. Although built in 1990, it features significant updates including stainless steel kitchen appliances, modern laminate flooring, and updated countertops. The bathrooms and kitchen show contemporary styling that avoids the typical dated look of its construction year, though it does not qualify as 'excellent' as it is not a brand-new build or a total recent gut-renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Japantown Location
Situated in the heart of Japantown, this property offers exceptional walkability to local dining, Philz Coffee, and major transit hubs like Caltrain and the SAP Center.
- Exceptionally Low HOA Fees
At just $150 per month, the association dues are significantly lower than the regional average for San Jose condos, offering substantial monthly savings and increased purchasing power.
- Superior Parking Assets
The inclusion of two parking spaces—one covered carport and one unassigned spot—is a rare and highly valuable feature for a 2-bedroom unit in a dense urban environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3264, other record lot size in square feet = 2380.
- Underperforming School Ratings
The assigned public schools carry low ratings (ranging from 2 to 4), which may deter families with school-aged children and impact long-term resale appeal.
- Compact Living Space
With only 950 square feet for a two-bedroom, two-bathroom layout, the interior may feel restrictive for buyers seeking a more spacious or open-concept residential feel.
About 558 N 3rd Street
I am tucked into the heart of Japantown, where everything feels just a little more walkable, a little more connected. Charming and quaint with modern functionality, this 2-bedroom, 2-bath condo perfectly balances comfort and convenience. Relax on the private side patio or sip your morning coffee on the welcoming front porch while greeting neighbors. The spacious primary bedroom is an en-suite. Additional highlights include a covered carport, an assigned parking space, and low HOA dues of just $150 per month. Enjoy vibrant downtown living just steps from popular restaurants, Philz Coffee, bars, theaters, San Jose State University, the local library, Caltrain, SAP Center, and Safeway. Commuters will appreciate easy access to Highways 280, 101, 87, and 880, plus just minutes to San Jose Airport. We have 2 parking spots - one carport and another unassigned.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 3,264 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $150.0 / Month
Neighborhood Insights
San Jose Unified Schools
Grant Elementary School
Grades K-5 • 0.5 mi
Peter Burnett Middle School
Grades 6-8 • 0.5 mi
San Jose High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 950 | 1,178 | 24% |
| Lot Size | 3,264 | - | 95% |
| Price | $725.0K | $635.0K | 71% |
| Price per sq ft | $763 | $560 | 95% |
| Built year | 1990 | 1997 | 19% |
| HOA | $150.0 | $712 | 5% |
| Days on market | 11 | 152 | 5% |
Pricing History
Listed for Sale
Feb 24, 2026
$725,000
Initial Listing
Sold
Mar 11, 2019
$720,000
Public Record
Sold
Oct 7, 2016
$522,000
Public Record
Sold
Apr 5, 2012
$251,000
Public Record
Sold
Jun 9, 2006
$465,000
Public Record
Sold
Feb 19, 1999
$215,000
Public Record