Police responded to the shooting in the 1000 block of Walnut Woods Drive at 8:21 p.m.
The two men were found there and transported to a hospital to be treated for their injuries. The gunshot victim died a few hours later assault victim is expected to survive.
Police have not identified a motive for the incident. No arrests have been made and no suspect information was immediately available.
Anyone with information about this incident has been asked to contact San Jose police at (408) 277-8900.
Bay City News has contributed to this report