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.
Sold for $4,992,000 on 08/23/23
$4,992,000
The Alameda, San Jose, CA 95126
--beds
--baths
9,020sqft
Five Or More Units, Residential Income
Built in 1957
-- sqft lot
$3,196,500 Zestimate®
$553/sqft
$-- Estimated rent
Home value
$3,196,500
$2.69M - $3.80M
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 21, 2024 at 01:32am
Listed by:
Justin Bautista 01268331 650-996-9384,
Newmark Cornish & Carey 408-727-9600
Bought with:
David Katz, 01971921
Magnify Real Estate
Source: MLSListings Inc,MLS#: ML81927008
Facts & features
Interior
Heating
- Gas, Wall Furnace
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Flooring: Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 9,020
- Total interior livable area: 9,020 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.35 Acres
Details
- Parcel number: 26113043
- Zoning: CL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1957
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: San Jose
Other
Other facts
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2023 | Sold | $4,992,000$553/sqft |
Source:  MLSListings Inc #ML81927008 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 5/10Merritt Trace Elementary SchoolGrades: K-5Distance: 0.8 mi
- 3/10Herbert Hoover Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Abraham Lincoln High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,196,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,196,500