
San Jose, California 95127
This Hybrid Residential Asset is a Prime Investment Opportunity, listed at $1,299,999—positioned well above the $1,254,260 Fair Market Value by -3%. While priced slightly above market, the property features a permitted garage conversion providing immediate rental income potential. With a Condition Rating of 4, the home offers a solid foundation for value-add renovations. The combination of scenic hill views and flexible living arrangements makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multigenerational living solution.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 758 Candlestick Way Subject 5 bd · 3 ba · 1,653 sqft · $759 | $1,299,999* List Price | 5 | 3 | 1,653 | $759 | - |
A 3561 Story Road Sold 4 bd · 2 ba · 1,513 sqft · $826 · 0.3 mi | $1,250,000 | 4 | 2 | 1,513 | $826 | 0.3 mi |
B 1159 Lancelot Lane Sold 4 bd · 2 ba · 1,599 sqft · $575 · 0.5 mi | $920,000 | 4 | 2 | 1,599 | $575 | 0.5 mi |
C 1542 Harvest Drive Sold 3 bd · 2 ba · 1,324 sqft · $774 · 1.0 mi | $1,025,000 | 3 | 2 | 1,324 | $774 | 1.0 mi |
D 1472 Mount Whiney Dr Sold 3 bd · 2 ba · 1,000 sqft · $950 · 0.9 mi | $949,888 | 3 | 2 | 1,000 | $950 | 0.9 mi |
E 242 Laumer Avenue Active Under Contract 4 bd · 3 ba · 2,052 sqft · $584 · 0.4 mi | $1,198,888 List Price | 4 | 3 | 2,052 | $584 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the home has received cosmetic 'refreshes' including new paint and LVP flooring in bedrooms, but core areas remain dated. The kitchen features older wood cabinetry and tile flooring likely over 20-30 years old, and while the garage conversion is permitted, the overall aesthetic and original systems suggest a need for modern updates to the kitchen and bathrooms.
The permitted garage conversion includes two bedrooms, a full kitchen, and a private entrance, providing an excellent opportunity for rental income or a self-contained multigenerational living suite.
The property offers attractive views of the surrounding hills and valley, a desirable feature in the Alum Rock neighborhood that enhances the home's overall appeal and value.
The main residence has been updated with new interior and exterior paint, offering a clean and move-in-ready aesthetic that improves curb appeal for prospective buyers.
With 5 bedrooms and 3 bathrooms distributed across only 1,653 square feet, the individual living spaces and bedrooms may feel undersized or cramped for larger families.
Built in 1963, the property may require significant long-term investment in aging systems such as plumbing, electrical, or roofing, which are not addressed by the recent cosmetic paint updates.
Offering exceptional flexibility and income potential, this 5 bedroom, 3 bath property is located in San Jose's Alum Rock neighborhood. The main home features 3 bedrooms and 2 baths and has been refreshed with new interior and exterior paint. Enjoy views of the surrounding hills and valley, adding to the appeal of this versatile property. The permitted garage conversion offers two bedrooms, a full kitchen, bathroom, and private entrance. Currently tenant occupied, this versatile space provides an opportunity for rental income, multigenerational living, or extended guest accommodations while maintaining separation from the main residence. Whether you're looking for a primary residence with additional income potential or an investment opportunity, this unique property offers a variety of possibilities. Conveniently located near schools, shopping, everyday amenities, and major commute routes, this home offers exceptional versatility in the heart of San Jose.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,653 | 1,721.238 |
| Lot Size | 6,148 | 6,271.145 |
| Price | $1.30M | $1.67M |
| Price per sq ft | $786 | $972 |
| Built year | 1963 | 1965 |
| HOA | $0 | $190 |
| Days on market | 23 | 38 |
Oct 1, 2026
$1,299,999
Initial Listing
Apr 10, 2024
$1,185,000
Public Record
Mar 11, 2005
$635,000
Public Record
Aug 2, 2002
$449,000
Public Record
Jul 28, 2000
$356,000
Public Record
Apr 30, 1996
$156,000
Public Record