926 Princess Anne Drive, San Jose, California 95128, San Jose, 95128 - 0 bed, 0 bath
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San Jose, California 95128
This Value-Add Residential Income Asset is offered at a List Price of $1,198,000, positioned accurately near its $1,190,780 Fair Market Value. Delivered entirely vacant, the 1955 duplex consists of two 2-bedroom units requiring substantial rehabilitation, reflected in its Poor Condition Rating. Located in a high-demand pocket near the future Google campus and Downtown San Jose, the property provides a clear path to forced appreciation through modernization and market-rate leasing. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on immediate rental upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 926 Princess Anne Drive Subject | $1,198,000* List Price | 0 | 0 | 1,672 | $712 | - |
A 870 Leigh Avenue Active | $1,399,000 List Price | 0 | 0 | 1,786 | $783 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, this property shows significant age and a complete lack of modern updates. The kitchen features original or very old cabinetry, worn laminate countertops, and dated flooring, requiring a full renovation. The bathroom is similarly outdated with old fixtures, vanity, and flooring. Throughout the property, the carpets are worn and dated, and light fixtures are old. While seemingly functional, the property requires substantial rehabilitation and major system updates to meet current living standards, aligning with the 'poor' condition criteria.
The property is situated in a highly sought-after area of San Jose, offering excellent access to major freeways (280/101/880), shopping, schools, and close proximity to major employment hubs like the new Google campus and downtown San Jose.
The duplex is delivered vacant, providing immediate flexibility for an owner-occupant to move in or for an investor to set market rents and choose tenants without existing lease constraints.
Marketed as an 'excellent investment' with 'immediate upside potential' for both owner-occupants seeking to offset mortgage costs and buy-and-hold investors looking for a 'cash cow' in a high-demand market.
Built in 1955, the property is nearly 70 years old, which may imply outdated systems, deferred maintenance, or a need for significant capital investment to modernize and maximize rental income.
The description does not mention any recent upgrades or renovations to the units, suggesting they might be in original or dated condition, potentially requiring substantial cosmetic or functional improvements.
Beyond the year built, there is no detailed information provided about the current condition of major systems (e.g., roof, HVAC, plumbing, electrical), which could lead to unforeseen expenses for a new owner.
Location, Location, Location. One of the best priced VACANT duplexes in San Jose. Excellent investment for an owner occupied buyer or buy and hold investor. Each unit is a spacious 830 sqft 2 bed 1 bath with an attached 1 car garage with plenty of parking in the driveway. The duplex is delivered vacant leaving all possibilities open for the new owner to make this their new home or a cash cow. Located in a highly sought after area of San Jose, you are a short drive to the new Google campus and downtown San Jose. Easy access to freeways 280/101/ 880, shopping and schools. There is immediate upside potential for an investor or owner occupant.
No exterior & parking available.
Grades 9-12 • 0.5 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 | 1,672 | 1,920.5 | 25% |
| Lot Size | 7,375 | 7,608 | 50% |
| Price | $1.20M | $1.46M | 25% |
| Price per sq ft | $717 | $708 | 50% |
| Built year | 1955 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1363 | 185 | 0% |
Jul 29, 2022
$1,198,000
Initial Listing