59 S 11th Street, San Jose, California 95112, San Jose, - bed, bath

home-pic
ACTIVE$1,449,000
59 S 11th Street, San Jose, California 95112
0Bed
0Bath
2,000Sqft
6,165Lot
Year Built
1901
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017776
Home ConditionFair
Features
View

About this home

Spacious and unique 2-story Victorian house with large backyard and deattached cottage. Home is 2,000 sqft, 5bd/4ba with high ceilings and a fireplace on the first floor. 2 of the bedrooms and bathrooms are on the 1st floor for ease of access. The cottage adds another 1bd/1ba, 554 sqft of living space and has its own laundry and private garden. The property can accommodate large and/or multi-generational families. 2nd floor has a kitchenette for convenience. The large finished basement offers 525sqft of extra storage and the driveway can fit up to 4 cars. Prime downtown San Jose location close to dining, public transit, San Jose State University, San Pedro Square, Dr Martin Luther King Library, SAP center, the Tech Museum and more! Currently fully rented with an income of $7,700/mo ($92,400/yr). Rents easily and there are still opportunities to increase rent. This versatile property presents many options to the buyer. Buyer can take over lease and enjoy the cash flow until the lease ends next summer and then decide to owner occupy or just continue the income producing investment. Can also live in main home (5bd/4ba) and rent out cottage (1bd/1ba).

Price History

Date
Event
Price
08/14/25
Listing
$1,449,000
Condition Rating
Fair

This 1901 Victorian home is well-maintained and functional, but its most recent renovations appear to be 15-30 years old, aligning with the 'Fair' category. The kitchen features white cabinets and stainless steel appliances, but the tile flooring and backsplash are dated. Bathrooms also show dated tile work and vanities. While the property is move-in ready, the styles and features, including the visible window AC unit, indicate that major components are functional but show signs of being outdated, requiring minor updates for modern appeal.
Pros & Cons

Pros

Strong Income Potential: Currently fully rented at $7,700/month ($92,400/year) with opportunities for rent increases, offering immediate cash flow for investors.
Versatile Living Options: Features a spacious main house (5bd/4ba) and a detached 1bd/1ba cottage with its own laundry, ideal for multi-generational families or a live-in/rent-out scenario.
Prime Downtown Location: Excellent walkability and proximity to San Jose State University, public transit, dining, entertainment, and cultural attractions.
Ample Space & Storage: Offers a 2,000 sqft main house, a 554 sqft cottage, a 525 sqft finished basement for extra storage, and a driveway accommodating up to 4 cars.
Historic Victorian Charm: Unique 1901 Victorian architecture with high ceilings and a fireplace, appealing to buyers seeking character and historical appeal.

Cons

Age-Related Maintenance: Built in 1901, the property may require significant ongoing maintenance and potential upgrades to systems (e.g., plumbing, electrical, HVAC) to meet modern standards.
Tenant Occupancy & Lease Term: Currently tenant-occupied with a lease extending until next summer, limiting immediate owner-occupancy or extensive renovation plans.
Potential for Outdated Features: As an older home, it may have original or older systems and finishes that could require substantial investment for modernization or energy efficiency improvements.

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