914 Harliss Avenue, San Jose, California 95110, San Jose, 95110 - 2 bed, 1 bath
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San Jose, California 95110
This R2-Zoned Development Asset represents a High-Potential Investment Opportunity with a List Price of $669,000, reflecting a stable valuation relative to its $665,009 Fair Market Value. Currently holding a Poor Condition Rating, the property is a prime candidate for a tear-down to leverage its R2 Zoning and 5,509 sqft lot for multi-unit construction in the San Jose urban core. Despite occupancy challenges and required site remediation, the location offers significant ROI through forced appreciation. This is an ideal acquisition for Experienced Developers or Seasoned Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 914 Harliss Avenue Subject | $669,000* List Price | 2 | 1 | 996 | $668 | - |
A 1072 Vine Street Sold | $730,000 | 2 | 1 | 870 | $839 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property, built in 1928, is explicitly described as being in 'extremely poor condition' with 'many trip hazards' and a lot 'covered with garbage and abandoned vehicles.' The interior image confirms a completely dilapidated and non-functional space, requiring a full gut renovation. Given its age, lack of apparent major renovations, and current unlivable state, the property's value is primarily in the R2 zoned land, aligning perfectly with the 'tear-down' criteria.
Highly valuable R2 zoning allows for multi-unit development (e.g., duplex, ADU) in a high-demand urban core, offering significant upside for investors or developers.
Situated in San Jose, a robust and appreciating real estate market, offering strong long-term investment potential due to its proximity to major tech employers and amenities.
The 5,509 sqft lot provides ample space for potential expansion or new construction, maximizing the R2 zoning benefits.
The presence of non-paying occupants without a rental agreement presents a significant legal and financial challenge, requiring a potentially lengthy and costly eviction process.
The property is in 'extremely poor condition' with safety hazards and is sold strictly 'as-is,' necessitating substantial capital investment for renovation and clean-up.
The lot is heavily cluttered with 'garbage and abandoned vehicles,' indicating a major clean-up and potential environmental remediation effort will be required post-acquisition.
This is an R2 lot. There is an existing SFR occupied by individuals with no rental agreement and not paying rent. The Owner wants to sell the property "as is". The property is in extremely poor condition. Please be careful when walking around the property. There are many trip hazards. The lot is covered with garbage and abandoned vehicles ( cars and RVs ). Please make Offers subject to inspection.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 39% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 996 | 1,102 | 22% |
| Lot Size | 5,509 | 5,000 | 83% |
| Price | $669.0K | $1.05M | 17% |
| Price per sq ft | $672 | $826 | 28% |
| Built year | 1928 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1616 | 93 | 0% |
Jan 10, 2022
$669,000
Initial Listing