
San Jose, California 95119
This Income-Producing Residential Asset represents a Strong Value Opportunity, listed at $1,399,999—positioned well below the $1,572,732 Fair Market Value by 10%. This valuation gap offers $172,733 in Instant Equity. Featuring a permitted 650 sq. ft. ADU and a Condition Rating of 2, the property includes modern upgrades like copper piping and new appliances. Its strategic location near Hwy 85 and 101 makes it a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking significant rental income potential.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a recent comprehensive renovation (likely <5 years) featuring brand-new interior/exterior paint, new kitchen appliances and fixtures, and canned lighting. Critical systems have been updated with copper piping, and the addition of a permitted ADU along with modern flooring and a well-maintained HVAC system makes it move-in ready with no deferred maintenance.
The property features a fully permitted 650 sq. ft. ADU with its own address and separate entrance, plus a converted garage, offering multiple streams of potential rental income.
Recent renovations including brand-new interior/exterior paint, copper piping, new kitchen appliances, and canned lighting provide a move-in-ready experience and reduced maintenance costs.
Ideally situated in the Santa Teresa neighborhood with immediate access to Highways 85 and 101, VTA Light Rail, and popular amenities like Santa Teresa County Park and Costco.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2051, other record living area = 1401. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The conversion of the garage into living space eliminates covered parking and secure storage, which may be a drawback for buyers prioritizing vehicle protection.
With both an ADU and a converted garage on a 7,500 sq. ft. lot, the property may feel more crowded and offer less private yard space compared to traditional single-family homes.
Income - producing east-facing home with a north-facing ADU in San Joses desirable Santa Teresa neighborhood. The main home features 3 bedrooms and 2 bathrooms - 1401 sqft with fully permitted 650 sq. ft. ADU offers 1 bedroom, 1 bathroom, living room, separate entrance, and its own address. Total is OVER 2,000 sqft The garage has been converted into additional living space for rental income potential, while still offering the option to easily convert back into a traditional garage. Recent upgrades include brand-new interior and exterior paint, copper piping, new kitchen appliances and fixtures, and canned lighting throughout. Conveniently located near Santa Teresa County Park, Coyote Creek Trail, shopping, dining, Costco, VTA/Light Rail, and quick access to Hwy 85 & 101.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,051 | 1,779 | 73% |
| Lot Size | 7,500 | 6,000 | 80% |
| Price | $1.40M | $1.50M | 33% |
| Price per sq ft | $683 | $873 | 7% |
| Built year | 1980 | 1970 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 109 | 7% |
Jun 5, 2026
$1,399,999
Initial Listing
Mar 5, 2008
$551,000
Public Record
Jan 12, 2007
$695,000
Public Record
Aug 9, 1996
$218,000
Public Record