5815 Falon Way, San Jose, California 95123, San Jose, 95123 - 3 bed, 2 bath
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San Jose, California 95123
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $1,460,000—positioned below the $1,488,111 Fair Market Value by 1%. This valuation gap offers $28,111 in Instant Equity for buyers prepared to renovate a property with a Condition Rating of 5. The substantial 8,160 sq. ft. lot, 1,827 sq. ft. footprint, and detached garage provide significant forced appreciation potential near top-rated Santa Teresa High School and Herman Intermediate. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5815 Falon Way Subject | $1,460,000* List Price | 3 | 2 | 1,827 | $815 | - |
A 5705 Venado Court Sold | $1,100,000 | 3 | 2 | 1,203 | $914 | 0.3 mi |
B 251 Bieber Drive Sold | $1,250,000 | 3 | 3 | 1,300 | $962 | 0.1 mi |
C 5810 Zileman Drive Active | $1,448,500 List Price | 4 | 2 | 1,683 | $861 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966, this property exhibits significant deferred maintenance and requires substantial rehabilitation. Interior images show a highly outdated bathroom with damaged cabinetry, while the exterior features cracked concrete and overgrown landscaping. The listing description and property analysis explicitly highlight the need for significant updating and customization to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8160, living area = 1827.
Situated in a highly desirable South San Jose neighborhood, the property offers exceptional proximity to major commuter routes like Highways 85 and 87, as well as premier shopping at Westfield Oakridge and outdoor recreation at Almaden Lake Park.
The property features a substantial 8,160 sq. ft. lot and a spacious 1,827 sq. ft. single-story layout, providing a rare amount of outdoor space and a functional interior flow that is highly sought after in this market.
The property is explicitly marketed as an opportunity for customization, indicating that the 1966-built interior likely requires substantial investment in modern updates and renovations to meet current market standards.
The garage is detached from the main residence, which may be viewed as a convenience drawback for buyers preferring direct, sheltered access to the home, especially during inclement weather.
Spacious 3 bedroom, 2 bathroom single-story home located in the Blossom Valley area of South San Jose. Approximately 1,825 sq. ft. on a generous lot, this property offers an opportunity for a buyer to update and customize to their own style. Features include a detached garage, ample parking, and a functional floor plan. Conveniently located near shopping, dining, parks, schools, and major commuter routes including Highways 85 and 87. Nearby amenities include Westfield Oakridge, Almaden Lake Park, and Santa Teresa County Park. Established neighborhood with mature trees and surrounding homes that reflect pride of ownership. Excellent opportunity in a well-established South San Jose neighborhood.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,827 | 1,649 | 57% |
| Lot Size | 8,160 | 6,120 | 88% |
| Price | $1.46M | $1.55M | 35% |
| Price per sq ft | $799 | $924 | 23% |
| Built year | 1966 | 1968 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 99 | 1% |
Apr 8, 2026
$1,460,000
Initial Listing