2138 E San Antonio Street, San Jose, California 95116, San Jose, - bed, bath
ACTIVE$1,518,888
2138 E San Antonio Street, San Jose, California 95116
0Bed
0Bath
2,627Sqft
12,600Lot
Year Built
1945
Close
-
List price
$1.52M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82003627
Home ConditionPoor
Features
Patio
View-
About this home
Welcome to an Investment opportunity at 2138 E San Antonio Street - Live in the Main Home, rent out the 2 units - 3 separate structures, all rentable and all rented. This large, flat lot of 12,600 sq ft has abundant possibilities for the new owner. Close to downtown San Jose, Capitol Expressway and the brand-new BART Station, Hwy 680, 280, 101 and Alum Rock Ave. Located in an area of downtown that continues to grow and redefine itself for the future of San Jose. This is a great opportunity!
Price History
Date
Event
Price
10/16/25
Price Change
$1,518,888-1.9%
08/22/25
Price Change
$1,548,888
04/30/25
Listing
$1,600,000
Condition Rating
Poor
The property was built in 1945, making it nearly 80 years old. While the description notes it's an investment opportunity with three rented units, suggesting functionality, the exterior images reveal significant deferred maintenance, particularly the severely cracked concrete driveway and walkways. There are no interior photos to assess the condition of kitchens, bathrooms, or other critical systems. However, given the age of the property and the visible exterior wear, it's highly probable that the interiors are very dated and would require substantial repairs and rehabilitation to meet modern standards. The presence of solar panels is a positive update, but it does not negate the overall aged condition and likely need for extensive renovation of the core structures and systems.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as an investment, featuring three separate, currently rented structures, offering immediate income potential for the new owner.
Large, Flat Lot with Development Potential: A substantial 12,600 sq ft flat lot provides significant possibilities for expansion, additional dwelling units (ADUs), or future redevelopment, especially given its 'Mixed Use' sub-type.
Excellent Connectivity & Location: Proximity to downtown San Jose, a new BART Station, and major freeways (Hwy 680, 280, 101) ensures high accessibility and desirability for residents and tenants.
Located in a Growing Urban Area: Situated in a downtown area undergoing redevelopment and growth, suggesting strong potential for future property value appreciation and increased demand.
Mixed-Use Zoning Flexibility: The 'Mixed Use' sub-type, combined with the large lot, offers versatility for various commercial or residential applications, enhancing long-term value and potential uses.
Cons
Property Age: Built in 1945, the property is older, which may necessitate significant updates, repairs, or modernization of systems and aesthetics, potentially incurring substantial costs.
Price Reduction History: The property has undergone multiple price reductions from its original listing, which could indicate overpricing, market resistance, or underlying issues affecting its perceived value.
Tenant Management Responsibilities: As an income-generating property with three rented units, the new owner will assume immediate landlord responsibilities, including tenant relations, lease management, and property maintenance, which can be demanding.