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Listed by Adam Foley, DRE #02144332 • CBRE, Inc.
$ 3,895,000
Est. payment /mo
New
994 The Alameda San Jose, CA 95126
1 Bed
2 Baths
9,148 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,148 sqft
Price per Sqft $425
MLS Listing ID ML82051201
Bedrooms 1
Full Baths 2
Year Built 1924
Lot Size 10,454 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
994 The Alameda has been owned by the same family for 50+ years and boasts seven residential units and four ground floor retail units. The residential units are very large and consist of (4) Studios and (3) 1 Bed, 1 Bath floorplans. The retail spaces have all been improved by the tenants, and all tenants are operating successful businesses and have been at the property for 5+ years. Additionally, all units and the property systems have been well-maintained over the years and select units feature upgraded kitchens, countertops, cabinets, and bathrooms. Ownership has spent over $50,000 on capital improvements in 2025, which include but are not limited to: roof, two new water heaters, electrical subpanels, etc... This property presents an excellent value add opportunity through adjusting the full-service leases to NNN leases upon lease expiration, which will roughly capture a 35% rental premium to the in-place leases.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning CG
Interior
Heating Wall Furnace
Cooling Ceiling Fan, Window / Wall Unit
Flooring Hardwood
Exterior
Parking Features Assigned Spaces
Garage Spaces 5.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch,Foam
Building
Foundation Other
Sewer Sewer - Public
Water Public
Others
Tax ID 261-30-054
Special Listing Condition Not Applicable
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