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5487 Makati CircleSan Jose, CA 95123

For Sale

$399,999

Smart Buyer Rebate $4,000

Contractor Special! Incredible Opportunity to Build Instant Equity in Desirable South San Jose!

Unlock the potential of this ground-floor condo in the sought-after Terrace Villas community. This 2-bedroom, 2-bath home offers 989 square feet with soaring cathedral ceilings, a wood-burning fireplace, interior laundry, and a functional floor plan ready for your vision.

A true fixer-upper, this probate sale presents an outstanding opportunity for investors, contractors, flippers, or buyers looking to renovate and build instant equity. Updated units in the community have recently sold for approximately $575,000. Property will likely require an all-cash purchase.

Nestled among mature trees and lush landscaping, Terrace Villas offers a community pool, spa, clubhouse, and beautifully maintained grounds. Conveniently located near Village Oaks Shopping Center, restaurants, parks, Kaiser Permanente, and Highways 85 and 101.

Schools include Alex Anderson Elementary, Bernal Intermediate, and Oak Grove High School (buyer to verify). HOA dues are $674 per month.

Don't miss this chance to transform a diamond in the rough into something truly special!

Listed by John Jenkins

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License #01291177

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Compass

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408-823-3600

Last updated August 01, 2026

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Source: MLSListings #ML82055674

Listing Facts

  • TypeCondo
  • NeighborhoodMakati
  • Bedrooms2
  • Days on Prevu5
  • HOA/Maint. Fees$674/month
  • Size989 sqft
  • Price per sqft$404

Amenities

  • Pets Allowed
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/27/2026
Listed by Compass
$399,999

Property Details for 5487 Makati Circle

Association

Amenities

  • Association Amenities: Club House, Community Pool

Fees

  • Association Fee: $674.00 Monthly

General

  • Association Name: Terrace Villas HOA

Exterior

Construction

  • Property Condition: Fixer
  • Roof: Composition
  • Stories: 1
  • Year Built: 1984
  • Year Built Details: 2

Features

  • Pool Features: Community Facility
  • View: Greenbelt

Measurements

  • Building Area Total: 989
  • Lot Size Source: Assessor

Financial

Taxes

  • Parcel Number: 692-38-013

Interior

Features

  • Appliances: Cooktop - Electric, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces Total: 1
  • Flooring: Carpet, Hardwood, Tile, Vinyl/Linoleum
  • Interior Features: Vaulted Ceiling

Measurements

  • Living Area: 989

Rooms

  • Bathrooms Full: 2
  • Bedrooms Total: 2

Parking

Parking

  • Carport Spaces: 1
  • Carport: Yes
  • Parking Features: Assigned Spaces, Carport, Parking Area

Schools

Elementary School

  • Elementary School: Alex Anderson Elementary
  • Elementary School District: Oak Grove Elementary

High School

  • High School: Oak Grove High
  • High School District: East Side Union High

Middle or Junior School

  • Middle Or Junior School: Bernal Intermediate

Utilities

Equipment

  • Heating: Central Forced Air - Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Utilities: Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this condo have?

There are 2 bedrooms in this condo at 5487 Makati Circle.

What schools are nearby to 5487 Makati Circle?

Nearby schools include the Alex Anderson Elementary, Bernal Intermediate Middle School, and Oak Grove High.

Are pets allowed at 5487 Makati Circle?

Yes, 5487 Makati Circle allows pets.

How does 5487 Makati Circle compare to other condos in Makati?

This condo is listed 27% below the average price for condos in Makati and has been on the market for 41 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is part of the Terrace Villas HOA home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 989 sqft.

5487 Makati Circle is a 2-bedroom condo for sale in San Jose CA 95123. Available on Prevu for 5 days at $399,999. This residence features 989 square feet of living space, located in Makati. The median listing price for condos in this area is $583,944. Nearby schools include Alex Anderson Elementary, Bernal Intermediate Middle School, and Oak Grove High. Additional amenities include pets allowed, parking, and swimming pool. View other condo listings in San Jose.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 08/01/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.