855 N 12th Street, San Jose, California 95112, San Jose, 95112 - 0 bed, 0 bath
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San Jose, California 95112
This High-Density Development Asset is listed at $1,299,000, reflecting a strategic premium for its rare 10,750 sq ft double-wide lot over the $1,047,057 Fair Market Value. Currently holding a Condition Rating of 5, the property is marketed for its massive 8-unit potential and land value rather than the existing structure. The site includes a patio and provides immediate rental income, offering a significant Value-Add opportunity in a central San Jose corridor. This project is an ideal acquisition for Developers or Seasoned Investors focused on maximizing urban density and long-term ROI.
Property is extensive renovation needed.
Built in 1950, this property is being marketed primarily for its land value and development potential (up to 8 units), which typically indicates the existing structure is in declining condition. Exterior images show significant deferred maintenance, a cluttered yard, and aged building materials. The lack of interior photos and the listing's emphasis on 'remodeling or expanding' suggest that the kitchen, bathrooms, and major systems are likely outdated and require substantial rehabilitation.
The property sits on a rare 10,750 sq ft double-wide lot with the potential to expand into as many as 8 units, offering massive upside for investors or developers looking to maximize density.
Ideally situated with close proximity to hospitals, schools, and shopping, plus easy freeway access, this location ensures high demand for future tenants or multi-generational residents.
The existing 1,600 sq ft, 5-bedroom home is currently occupied by month-to-month renters, providing immediate cash flow while the buyer navigates the permitting process for expansion.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1544, other record living area = 1600.
The assigned public schools have relatively low ratings, with several scoring between 2 and 4, which may limit the property's appeal to families prioritizing high-performing education.
Realizing the maximum potential of 8 units is contingent upon city approval and special permits, introducing a level of uncertainty and additional due diligence for the buyer.
Endless possibilities on this Double Wide lot parcel with large 5 bed home! Build, remodel or expand into as much as 8 unit parcel. (Buyer to check with city for special permits). Build an ADU and Jr. ADU, multi-gen living or rental income Original home is approx 1600 sq ft on huge 1/4 acre lot. Perfect as an investment or for a large/expanding family. Terrific location with close proximity to hospitals, schools, shopping and easy freeway access. Very quiet location with amazing potential. Easy to show. Renters are month to month.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 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 | 1,544 | 1,544 | 50% |
| Lot Size | 10,750 | 6,348 | 89% |
| Price | $1.30M | $999.0K | 89% |
| Price per sq ft | $841 | $621 | 78% |
| Built year | 1950 | 1936 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 150 | 11% |
Feb 25, 2026
$1,299,000
Initial Listing
Apr 14, 2000
$310,000
Public Record