1145-1151 Carlsbad Dr - Apartments FOR SALE


San Jose, CA 95118- Cambrian
$2,995,000 USD
408-483-5040
1145-1151 Carlsbad Dr, San Jose, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/12
null | 5.57% Cap Rate

1145-1151 Carlsbad Dr
San Jose, CA 95118
Cambrian


HIGHLIGHTS

  • Undeniable ADU Potential: A vacant 400+ SF attached storage room with an existing kitchen, bathroom, and private backyard.
  • Prime Location: Located in the desirable Almaden Valley, walking distance to Whole Foods Market and Pioneer High School, with easy access to Oakridge.
  • Spacious Units: Eight large townhome-style floor plans with 7,616 square feet of rentable building space on a 10,640 square foot lot.
  • Recent Upgrades: Brand-new windows, partial plumbing upgrades, and a new roof, offering long-term value and reduced maintenance costs.

OVERVIEW

Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 8,000+ square feet of rentable building square footage. Comprising eight spacious townhome-style units plus one studio ADU, the property offers generous living space throughout. The property also features nine covered parking spaces and two open parking spaces, ensuring convenient and hassle-free parking for residents. Enhancing its investment potential, the property includes a 400+ square foot studio attached to the carport, complete with an existing kitchen, bathroom, and private backyard. Currently used for storage, this bonus space offers clear ADU potential, presenting an easy opportunity to utilize a ninth rentable unit.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

9

PRICE/UNIT

$332,778

CAP RATE

5.57%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1145-1151 Carlsbad Drive

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

Urban Residential

APN/PARCEL ID

567-52-017

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.