Property Overview:
371 E William St is a single-family home in San Jose, CA 95112, built in 1910. It features 2 bedrooms, 2 bathrooms, and 956 sq. ft. of living space on a 3,923 sq. ft. lot. The property includes a parking garage (converted to a 1-bedroom unit without permits) and is currently estimated to be worth $783,100–$862,451. The home is zoned Commercial Neighborhood, offering flexible development options (buyer to verify with city).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 11.3% (lower than state average of 11.8%).
- Property crime risk: 11.3% (higher than state average of 10.8%).
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Schools:
Nearby schools include Lowell Elementary, Perseverance Preparatory, and Downtown College Preparatory.- Average SAT score: 890 (below state average of 975).
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Job Market:
- 51.3% blue-collar jobs, 48.7% white-collar jobs.
- Unemployment rate: 5.3% (higher than state average of 4.7%).
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Demographics:
- Community population: 53,247 (11% growth since 2000).
- 57% families with children.
- Largest age group: 25–34 years (19.5%); second largest: 20–24 years (14.79%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 43.0°F (January), 76.3°F (July).
- Average rainfall: 11.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $49,290.
- Average annual spending: $42,469.
Property Features:
- Prime fixer-upper opportunity with commercial zoning—ideal for student housing, rental income, or business space.
- 3 bedrooms, 2 bathrooms (per recent listing; buyer to verify).
- Garage converted to a 1-bedroom unit (unpermitted).
- Flexible development options due to commercial zoning (buyer to verify with city).
- Steps from San Jose State University—excellent for student tenants or business clientele.
- Potential for restoration, development, or transformation.
Location Benefits:
- Prime location:
- 1 block from SJSU.
- <2 miles to Diridon Station (Caltrain, VTA, Amtrak).
- Easy access to Highways 280, 101, 87.
- Minutes to Downtown San Jose, Plaza de César Chávez, SAP Center, The Tech Interactive, and SoFA District.
- Near proposed Google Downtown West development—future value potential.
- Nearby amenities:
- Grocery stores: El Oaxaqueño, Spartan Market, College Market.
- Coffee shops: 7-Eleven, House of Bagels, Starbucks.
- Restaurants: SA-By Thai Cuisine, Sonia’s Kitchen, Tk Noodle.
- Parks: Parque De Los Pobladores, William Street Park.
Summary:
371 E William St is a versatile fixer-upper with commercial zoning in a high-demand location near SJSU and downtown San Jose. With flexible development potential, proximity to transit, and a growing community, it offers a unique opportunity for investors, developers, or owner-occupants with vision.