1895 The Alameda, San Jose, CA 95126
Commercial property
Sold August 2023
Listing Agent: Justin Bautista (DRE #01268331) · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: David Katz · Magnify Real Estate · MLS #ML81927008 · Source: CRMLS
About this commercial property
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.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history