1179 Mesa Dr - Apartments FOR SALE


San Jose, CA 95118- Cambrian
$1,625,000 USD
408-438-0969
1179 Mesa Dr, San Jose, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/20
null | 4.65% Cap Rate

1179 Mesa Dr
San Jose, CA 95118
Cambrian


HIGHLIGHTS

  • Strong investment opportunity with immediate income growth by leasing the vacant, newly remodeled unit at full market rent
  • Attractive unit mix of 2-bedroom / 1-bathroom layouts, appealing to stable, long-term renters
  • Efficient property design with functional layouts, featuring a private balcony or yard for each unit and dedicated carport parking
  • Prime San Jose location near Almaden Plaza and Whole Foods, offering convenient access to shopping and dining
  • Excellent connectivity with easy access to Almaden Expressway and Highway 85

OVERVIEW

Magnify is pleased to present 1179 Mesa Dr, a 4-unit investment opportunity located in a desirable San Jose neighborhood. This 4plex features a unit mix of spacious 2-bedroom/1-bathroom floorplans. A standout feature of this asset is that one unit is currently vacant and newly remodeled, presenting a unique opportunity for an owner-occupant buyer to move right in, or for an investor to instantly maximize cash flow by placing a tenant at full market rent. The property features functional layout designs where each unit enjoys its own private balcony or yard space. Residents benefit from dedicated covered carport parking and comfortable amenities that heavily support long-term tenant retention.  Strategically located just blocks from Almaden Plaza and Whole Foods, 1179 Mesa Dr offers tenants a highly convenient lifestyle surrounded by a wide range of premier retail, dining, and everyday conveniences. The property's excellent location features easy access to major corridors like Almaden Expressway and Highway 85, providing a seamless commute to major Silicon Valley tech hubs and making this a prime acquisition for buyers seeking the perfect balance of current income, flexibility, and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

4

PRICE/UNIT

$406,250

CAP RATE

4.65%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,144 SF

ZONING

R3H, San Jose

APN/PARCEL ID

567-52-031

ASK ABOUT THIS PROPERTY

Eric KatzMagnify EquityMore Info
408-438-0969

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Eric KatzMagnify EquityMore Info
408-438-0969

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