914 Harliss Avenue, San Jose, California 95110, San Jose, - bed, bath
ACTIVE UNDER CONTRACT$669,000
914 Harliss Avenue, San Jose, California 95110
2Beds
1Bath
996Sqft
5,509Lot
Year Built
1928
Close
-
List price
$669K
Original List price
$669K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81873979
Home ConditionTear down
Features
View-
About this home
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.
Price History
Date
Event
Price
01/10/22
Listing
$669,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (12 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 1 | 1 | 50% |
| Square foot | 996 | 996 | 50% |
| Lot Size | 5,509 | 5,509 | 50% |
| Price | $669K | $935K | 8% |
| Price per square foot | $672 | $839 | 23% |
| Built year | 1928 | 1915 | 54% |
| HOA | |||
| Days on market | 1395 | 112 | 92% |
Condition Rating
Tear down
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.
Pros & Cons
Pros
R2 Zoning & Development Potential: 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.
Prime San Jose Location: 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.
Generous Lot Size: The 5,509 sqft lot provides ample space for potential expansion or new construction, maximizing the R2 zoning benefits.
Significant Value-Add Opportunity: Despite its current state, the property represents a substantial value-add opportunity for experienced investors capable of navigating the challenges and unlocking its full potential.
Existing Utility Connections: As an existing single-family residence, the property likely has established utility connections (water, sewer, electricity), which can save significant time and cost for future development compared to raw land.
Cons
Complex Occupancy Issues: 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.
Extreme Disrepair & 'As-Is' Condition: 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.
Extensive Site Remediation Required: 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.