16
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$3,895,000
Est. payment /mo
10,454 Sqft Lot
New
994 The Alameda San Jose, CA 95126
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82032579
HOA Y/N No
Year Built 1924
Annual Tax Amount $53,529
Lot Size 10,454 Sqft
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 699 - Not Defined
Zoning CG
Interior
Heating Forced Air, Wall Furnace
Fireplace No
Exterior
Roof Type Flat
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 26130054
Special Listing Condition Standard
Listed by Jefrey Henderson Jefrey Henderson, Broker
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