584 Macarthur Avenue, San Jose, California 95128, San Jose, 95128 - bed, bath
ACTIVE$800,000
584 Macarthur Avenue, San Jose, California 95128
0Bed
0Bath
1,080Sqft
5,625Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property is a duplex explicitly marketed as an 'Investor opportunity,' providing two separate rental units for immediate income generation.
Top Cons:
Significant Price Depreciation: The property has experienced substantial price reductions from an original list price of $1.2M to $800K, potentially indicating market resistance or initial overvaluation.
Compared to the nearby listings
Price:$800.0K vs avg $1.85M ($-1,047,500)17%
Size:1,080 sqft vs avg 3,887.5 sqft17%
Price/sqft:$741 vs avg $50967%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this property is over 70 years old. While the exterior appears maintained and dual-paned windows are a positive update, the listing's own analysis highlights 'Aging Infrastructure' with older systems (e.g., plumbing, electrical) likely requiring 'significant capital expenditure for updates or ongoing maintenance.' The complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these areas are significantly outdated and in need of substantial renovation. The property requires considerable rehabilitation to bring major systems and interior finishes up to modern standards, aligning with the 'poor' condition criteria.
Year Built
1953
Close
-
List price
$800K
Original List price
$1.2M
Price/Sqft
$741
HOA
-
Days on market
-
Sold On
-
MLS number
ML81997127
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Investor opportunity for a centrally located duplex on the Fruitdale/Burbank border. Each occupied unit offers 1-bedroom, 1-bathroom, dual paned windows, a dining area off the kitchen, and generously sized living room. Extra parking in rear of building and driveway, close to 280, 880, Santa Clara County Valley Medical Center, San Jose City College, Valley Fair, and Santana Row.
Condition Rating
Poor
Built in 1953, this property is over 70 years old. While the exterior appears maintained and dual-paned windows are a positive update, the listing's own analysis highlights 'Aging Infrastructure' with older systems (e.g., plumbing, electrical) likely requiring 'significant capital expenditure for updates or ongoing maintenance.' The complete absence of interior images, particularly of kitchens and bathrooms, strongly suggests these areas are significantly outdated and in need of substantial renovation. The property requires considerable rehabilitation to bring major systems and interior finishes up to modern standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: The property is a duplex explicitly marketed as an 'Investor opportunity,' providing two separate rental units for immediate income generation.
Strategic San Jose Location: Centrally located on the Fruitdale/Burbank border in San Jose, a highly desirable and competitive real estate market.
Exceptional Accessibility: Offers convenient access to major freeways (I-280, I-880), facilitating easy commutes for tenants.
Proximity to Key Destinations: Close to major employment centers, educational institutions, and retail hubs like Santa Clara County Valley Medical Center, San Jose City College, Valley Fair, and Santana Row, enhancing tenant appeal.
Practical Upgrades & Amenities: Features dual-paned windows for improved energy efficiency and sound insulation, along with extra parking in the rear and driveway, a valuable asset in an urban environment.
Cons
Significant Price Depreciation: The property has experienced substantial price reductions from an original list price of $1.2M to $800K, potentially indicating market resistance or initial overvaluation.
Aging Infrastructure: Built in 1953, the property likely has older systems (e.g., plumbing, electrical) that may require significant capital expenditure for updates or ongoing maintenance.
Compact Unit Layouts & Occupancy: Each 1-bedroom, 1-bathroom unit is relatively small (approximately 540 sqft), which might limit the tenant pool, and the occupied status could complicate immediate renovations or owner-occupancy plans.