820 N 16th Street, San Jose, California 95112, San Jose, 95112 - 0 bed, 0 bath
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San Jose, California 95112
This Multi-Unit Residential Income Asset is listed at $1,745,000, positioned well below the $1,758,655 Fair Market Value by 1%. This valuation provides $13,655 in Instant Equity for a property boasting Separately Metered Utilities and 3-Year-Old Roofs. With a Condition Rating of 4, the two duplexes offer a well-maintained exterior with clear value-add potential via interior modernization. Exempt from San Jose Rent Control, this high-income-potential property near Japantown is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in Silicon Valley.
Property is moderate renovation needed.
The property, built in 1960, appears well-maintained from the exterior with tidy landscaping and roofs that are only three years old. However, the lack of interior images and the 'do not disturb occupants' instruction suggest that the units likely retain older or original finishes in the kitchens and bathrooms. While functional as an investment, the age of the structure and lack of documented interior renovations indicate the property likely requires cosmetic updates and modernization to meet current 'Good' or 'Excellent' standards.
Each of the four units is separately metered for water, gas, and electricity, significantly reducing owner operating expenses and simplifying property management.
The property is exempt from San Jose's strict local rent control ordinances, allowing for better income optimization under the more flexible state AB1482 guidelines.
Both buildings feature roofs that are only three years old, providing immediate protection against major capital expenditures and enhancing the asset's long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3296, other record living area = 1648.
The assigned public schools have low ratings (ranging from 2 to 4), which may limit the appeal for long-term family tenants and impact future resale demand.
Built in 1960 with no mention of interior renovations, the units likely require cosmetic or system upgrades to command premium market rents in the competitive Silicon Valley market.
Rare Investment Opportunity (Two Duplexes on Same Parcel) The property consists of two spacious duplexes featuring four (2-bed, 1-bath units), each with a private garage with laundry hookups. Each unit is separately metered for water, gas, and electricity plus each unit has its own individual water heater. Roofs on both buildings are 3-years new. Large backyards in the rear units. Subject to AB1482 laws and NO San Jose rent control. Great income potential available for this property. The property is located just north of Downtown San Jose near historic Japantown with convenient access to shops, dining, parks, transit, major freeways, and Silicon Valley employment hubs. Please do not disturb occupants.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,296 | 1,860 | 89% |
| Lot Size | 10,800 | 6,348 | 89% |
| Price | $1.75M | $999.0K | 89% |
| Price per sq ft | $529 | $537 | 44% |
| Built year | 1960 | 1936 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 150 | 11% |
Apr 15, 2026
$1,745,000
$1,795,000
-3% Price Drop
Initial Listing
Mar 27, 2026
$1,795,000
Initial Listing
Jun 23, 1998
$485,000
Public Record