1895 The Alameda, San Jose, CA 95126
- $4,992,000
- 9,020
- SqFt
- Sold Price
- $4,992,000
- List Price
- $5,350,000
- Closing Date
- Aug 23, 2023
- MLS#
- ML81927008
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 9,020
- Lot Size
- 15,193
- Listing Area
- Central San Jose
- Year Built
- 1957
Property Description
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.
Additional Information
- Acres
- 0.35
- Age
- 66
- Cooling System
- None
- Energy Features
- Double Pane Windows
- Floor Covering
- Laminate, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 9,020
- Lot Size
- 15,193
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- CL
Mortgage Calculator
Listing courtesy of Justin Bautista from Newmark Cornish & Carey. 650-996-9384
Selling Office: DYNA8.
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