926 Princess Anne Drive, San Jose, California 95128, San Jose, - bed, bath
ACTIVE UNDER CONTRACT$1,198,000
926 Princess Anne Drive, San Jose, California 95128
0Bed
0Bath
1,672Sqft
7,375Lot
Year Built
1955
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
52 Days
Sold On
2022-09-19
MLS number
ML81897459
Home ConditionPoor
Features
View-
About this home
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.
Nearby schools
5/10
Del Mar High School
Public,•9-12•0.5mi
Price History
Date
Event
Price
07/29/22
Listing
$1,198,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,672 | 3,888 | 33% |
| Lot Size | 7,375 | 9,203 | 33% |
| Price | $1.2M | $1.85M | 17% |
| Price per square foot | $717 | $509 | 67% |
| Built year | 1955 | 9825984 | 33% |
| HOA | |||
| Days on market | 1195 | 134 | 83% |
Condition Rating
Poor
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 The bathroom is similarly outdated with old fixtures, vanity, and flooring.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.
Pros & Cons
Pros
Prime San Jose Location: 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.
Vacant Delivery & Immediate Opportunity: 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.
Strong Investment Potential: 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.
Functional Unit Layouts & Parking: Each unit offers a spacious 830 sqft with a 2-bedroom, 1-bathroom configuration, complemented by an attached 1-car garage and ample driveway parking, appealing to a broad tenant base.
Competitive Pricing: The listing highlights it as 'one of the best priced VACANT duplexes in San Jose,' suggesting a potentially attractive entry point for a multi-family property in this desirable market.
Cons
Age of Property & Potential for Updates: 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.
Lack of Specific Renovation Details: 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.
Limited Information on Property Condition: 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.