896 S Almaden Avenue, San Jose, California 95110, San Jose, 95110 - bed, bath
ACTIVE$999,000
896 S Almaden Avenue, San Jose, California 95110
0Bed
0Bath
2,197Sqft
4,792Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diversified Income Streams: The property features three income-generating units (one residential and two retail spaces), offering diversified revenue streams and enhanced investment stability.
Top Cons:
Extensive Renovation Required: One retail unit has fire damage, necessitating significant repair and renovation costs before it can be fully operational and income-producing.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1952 (73 years old).
Condition: The property, built in 1952, is over 70 years old. The listing explicitly states that one of the retail units has 'fire damage,' requiring 'extensive renovation.' While the residential unit appears occupied, the interior images show worn, dated finishes (e.g., old hardwood floors). The overall condition suggests significant deferred maintenance and outdated systems throughout, necessitating substantial repairs and rehabilitation to bring it to a functional and modern standard. This aligns with the criteria for a 'Poor' condition score.
Year Built
1952
Close
-
List price
$999K
Original List price
$799K
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021856
Home ConditionPoor
Features
View-
About this home
Prime investment opportunity in the heart of San Jose! 896 S Almaden Ave is a versatile mixed-use property featuring three income-generating units-one residential and two retail spaces offering incredible potential for investors or owner-users. One of the retail units has fire damage, presenting a great value-add opportunity for buyers looking to renovate and increase equity. Situated in a high-traffic area with excellent visibility and easy access to freeways, downtown San Jose, and public transportation, this property is ideal for those seeking strong rental income and long-term appreciation. Don't miss out on this rare opportunity!!
Condition Rating
Poor
The property, built in 1952, is over 70 years old. The listing explicitly states that one of the retail units has 'fire damage,' requiring 'extensive renovation.' While the residential unit appears occupied, the interior images show worn, dated finishes (e.g., old hardwood floors). The overall condition suggests significant deferred maintenance and outdated systems throughout, necessitating substantial repairs and rehabilitation to bring it to a functional and modern standard. This aligns with the criteria for a 'Poor' condition score.
Pros & Cons
Pros
Diversified Income Streams: The property features three income-generating units (one residential and two retail spaces), offering diversified revenue streams and enhanced investment stability.
Strategic Location & Accessibility: Situated in a high-traffic area with excellent visibility and easy access to freeways, downtown San Jose, and public transportation, ensuring strong tenant demand and business potential.
Significant Value-Add Opportunity: One retail unit has fire damage, presenting a clear opportunity for renovation, equity increase, and future rental income optimization.
Investment-Grade Asset: Positioned as a prime investment opportunity, ideal for generating strong rental income and achieving long-term appreciation in the San Jose market.
Versatile Use: The mixed-use nature makes it suitable for both pure investors and owner-users looking to occupy a portion while benefiting from additional rental income.
Cons
Extensive Renovation Required: One retail unit has fire damage, necessitating significant repair and renovation costs before it can be fully operational and income-producing.
Property Age: Built in 1952, the property is over 70 years old, which may imply outdated infrastructure, potential for deferred maintenance, and higher capital expenditure for upgrades.
Recent Price Adjustment: The list price recently increased from $799,000 to $999,000, which could be perceived as an aggressive pricing strategy or a potential deterrent for some buyers.