Sold
1895 The Alameda
SAN JOSE CA, 95126
$4,992,000
$553.44 per sqft
Sold
9,020 sqft
Multi-family
Built in 1957
Listed by Newmark Cornish & Carey, Justin Bautista, Listing Contact: 6509969384
Rare Rose Garden Investment Opportunity! Attractive courtyard style complex. Newer dual paned windows, exterior paint and roof. Drought tolerant landscaping. Unit Mix: (2) Studio, (9) 1+1, (1) 2+1, (1) 2+1 Owners Unit. Some of the units have been upgraded. Below market rents - upside potential. Market GRM: 12.86 / Market Cap Rate: 5.59%. Ideal 1031 exchange opportunity; Seller is willing to wait for buyer to sell downleg property. Prime Rental Location - convenient to Highways 880 & 101, short walk to parks and schools. Minutes to Downtown San Jose, San Jose State University and Santa Clara University.
ML81927008
MLSⓇ ID
August 17, 2023
Listed
March 9, 2024
Updated
Map
1895 The Alameda
SAN JOSE CA, 95126
Interior Features
Interior Features
Laminate, Tile
Floor Description
Laminate, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.35 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
School Information
School District
482
Other Property Details
Area Name
Central San Jose
Garage
No
Parking Total
2
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
CL
Buyer Agency Compensation
1.75%
Listed by Newmark Cornish & Carey, Justin Bautista,
Listing Contact: 6509969384
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Data last updated 10:03 PM UTC, 3/9/2024