896 S Almaden Avenue, San Jose, California 95110, San Jose, - bed, bath
ACTIVE$999,000
896 S Almaden Avenue, San Jose, California 95110
0Bed
0Bath
2,197Sqft
4,792Lot
Year Built
1952
Close
-
List price
$999K
Original List price
$799K
Price/Sqft
-
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!!
Price History
Date
Event
Price
10/30/25
Price Change
$999,000+25.0%
09/17/25
Listing
$799,000
Condition Rating
Poor
The property, built in 1952, explicitly states 'fire damage' in one of the retail units, indicating significant defects affecting safety and soundness, and requiring substantial repairs and rehabilitation. The visible residential interior is dated with worn flooring and appears to lack modern updates, suggesting that the kitchen and bathrooms (though not pictured) are also likely in poor, outdated condition, requiring full renovation. The overall state points to a property that is not move-in ready and needs considerable investment.
Pros & Cons
Pros
Mixed-Use Income Potential: The property features three income-generating units (one residential, two retail), offering diversified revenue streams and enhanced investment stability.
Value-Add Opportunity: One retail unit has fire damage, presenting a significant opportunity for a buyer to renovate, increase equity, and maximize rental income.
Prime Location & Visibility: Situated in a high-traffic area within the heart of San Jose, ensuring excellent visibility for the retail spaces and strong tenant demand.
Exceptional Accessibility: Offers easy access to major freeways, downtown San Jose, and public transportation, appealing to both residential and commercial tenants.
Long-Term Appreciation Potential: Positioned as an ideal investment for strong rental income and long-term appreciation in a desirable San Jose market.
Cons
Significant Fire Damage: One retail unit has sustained fire damage, requiring immediate and potentially substantial capital investment for repairs and restoration before it can generate income.
Age of Property: Built in 1952, the property may have aging infrastructure and systems that could require updates or maintenance, adding to renovation costs.
Renovation & Management Effort: Capitalizing on the value-add opportunity will demand significant time, effort, and expertise in managing the renovation process and subsequent multi-unit property management.