656 N 16th Street, San Jose, California 95112, San Jose, 95112 - 2 bed, 2 bath
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San Jose, California 95112
This versatile R2-zoned residence represents a Prime Investment Opportunity, listed at $1,049,000—positioned well below the $1,076,505 Fair Market Value by 2%. This valuation gap offers $27,505 in Instant Equity. While maintaining a Condition Rating of 4, the property features a separate back room, finished converted garage, and a private patio, providing excellent rental or multi-use potential. Located near Japantown within the San Jose Unified district, it offers significant upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 656 N 16th Street Subject | $1,049,000* List Price | 2 | 2 | 1,578 | $682 | - |
A 563 N 21st Street Sold | $1,290,000 | 3 | 3 | 1,664 | $775 | 0.3 mi |
B 689 N 16th Street Sold | $1,080,000 | 3 | 3 | 1,717 | $629 | 0.1 mi |
C 320 N 11th Street Sold | $865,000 | 2 | 1 | 1,208 | $716 | 0.6 mi |
D 843 E Julian Street Sold | $920,000 | 3 | 1 | 1,664 | $553 | 0.6 mi |
E 436 N 12th Street Sold | $1,100,000 | 3 | 1 | 1,920 | $573 | 0.5 mi |
F 805 E Taylor Street Active | $1,328,888 List Price | 3 | 2 | 1,644 | $808 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but it shows signs of being outdated consistent with its 1946 build date. The kitchen features older white appliances and basic cabinetry rather than a modern renovation. While the home is clean and includes a finished converted garage, the overall infrastructure, including older windows and fixtures, reflects regular upkeep rather than the extensive recent renovations required for a 'good' or 'excellent' rating.
The property features a separate back room and a finished converted garage, providing excellent options for a home office, gym, or potential rental income.
Zoned R2 on a 5,750 sqft lot, this property offers significant value-add opportunities for future development or the addition of a second dwelling unit in a high-demand area.
Situated near Japantown, major freeways, and San Jose International Airport, the home offers exceptional convenience for commuting and access to local dining and shopping.
The assigned public schools have relatively low ratings, ranging from 2 to 4, which may be a drawback for families prioritizing high-performing educational districts.
Built in 1946, the home may require ongoing maintenance or modernization of older systems to meet contemporary standards and energy efficiency.
Step into a spacious living, dining, and kitchen area designed for comfortable everyday living and effortless entertaining. The main home features two large bedrooms, two full bathrooms, and a convenient indoor laundry area. A separate back room offers flexibility as a potential third bedroom, private rental unit, or home office. The finished converted garage provides a spacious multi-use area ideal for a gym or entertainment room with storage at both the front and rear. Set on a friendly, welcoming street known for its strong sense of community and festive holiday spirit, this R2-zoned property offers easy access to freeways, San Jose Airport, Japantown shops and restaurants, and a nearby park making it a fantastic opportunity to make your own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,578 | 1,463 | 60% |
| Lot Size | 5,750 | 6,081 | 46% |
| Price | $1.05M | $1.09M | 33% |
| Price per sq ft | $665 | $839 | 27% |
| Built year | 1946 | 1919 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 128 | 2% |
Apr 10, 2026
$1,049,000
Initial Listing