64 Melrose Avenue, San Jose, California 95116, San Jose, 95116 - 3 bed, 1 bath
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San Jose, California 95116
This property presents a High-Potential Investment Opportunity with a List Price of $785,000—positioned well above the $703,160 Fair Market Value by -11%. While the price reflects a premium, the asset offers significant utility through its two detached garages and spacious driveway for six vehicles. With a Condition Rating of 4, the home requires modernization to reach its full potential. The 3-bedroom, 1-bathroom layout provides a functional base for Buy-and-Hold Investors or first-time buyers seeking an entry point into the Silicon Valley market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 64 Melrose Avenue Subject | $785,000* List Price | 3 | 1 | 632 | $1,113 | - |
A 76 Sunset Court Sold | $780,000 | 3 | 2 | 756 | $1,032 | 0.5 mi |
B 1453 Whitton Ave Active | $849,000 List Price | 2 | 1 | 848 | $1,001 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is significantly aged. While the description notes an updated bathroom and granite countertops, the kitchen cabinetry, tile flooring, and backsplash appear dated (likely 20+ years old). The exterior shows signs of age with driveway cracking, and the small 632 sqft footprint suggests original systems that may need modernization despite being functional.
Priced at $785,000, this property represents one of the most accessible entry points into the Silicon Valley single-family housing market, offering significant value for the region.
The property features two detached garages, including one converted into additional living space, providing rare versatility for a home office, studio, or guest quarters.
A spacious driveway accommodating up to six vehicles and a 5,250 sqft lot with mature fruit trees offer significant outdoor utility and potential for future expansion.
At only 632 square feet for a three-bedroom configuration, the interior living space is exceptionally compact and may feel restrictive for most families.
The home features only one bathroom to serve three bedrooms, which can be a functional challenge for households and may impact the property's long-term rental or resale appeal.
Welcome to one of the most affordable homes in the heart of Silicon Valley! This charming property features 3 bedrooms and 1 updated bathroom. Cozy livingroom. Kitchen with granite countertop. Two detached garages, with one converted into additional living space, providing flexibility for a home office, recreation room, or extended family use. The spacious driveway accommodates up to six vehicles. Outside, you'll enjoy multiple mature fruit trees. Don't miss this incredible opportunity to own an affordable home in a prime Silicon Valley location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 632 | 1,683.5 |
| Lot Size | 5,250 | 6,300 |
| Price | $785.0K | $1.70M |
| Price per sq ft | $1.2K | $1000 |
| Built year | 1946 | 1966 |
| HOA | $0 | $160 |
| Days on market | 13 | 35 |
Jul 9, 2026
$785,000
Initial Listing
Dec 22, 2008
$270,000
Public Record
Jan 25, 2005
$502,500
Public Record
Apr 27, 1995
$65,500
Public Record