1352 Carnelian Dr - Apartments FOR SALE


San Jose, CA 95122- Santee
$1,325,000 USD
415-963-3060
1352 Carnelian Dr, San Jose, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/4
null | 5.16% Cap Rate

1352 Carnelian Dr
San Jose, CA 95122
Santee


HIGHLIGHTS

  • Prime Silicon Valley Location Near Major Tech Employers Including Apple, Google, and Tesla
  • Four-Unit Apartment Complex Situated on A 0.16-Acre Lot with Approximately 3,214 Square Feet
  • Walking Distance to Grand Century Shopping Mall with Dining, Shopping, And Entertainment Options
  • Proximity To San Jose State University, Santa Clara University, And Local Attractions Like Happy Hollow Park and Zoo

OVERVIEW

Marcus & Millichap is pleased to present the investment opportunity located at 1352 Carnelian Drive in San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.16 acres and features a gross building area of approximately 3,214 square feet. Built in 1962, the property sits near Downtown San Jose and is within walking distance to the Walmart-anchored Grand Century Shopping Mall, home to a myriad of dining, shopping, and entertainment options. Likewise, the property is just blocks away from the Happy Hollow Park and Zoo, an exciting entertainment venue for people of all ages. The multifamily building also sits near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergraduate programs and 11th nationally for the executive MBA program based on U.S. News & World Report rankings. As part of Silicon Valley, this location offers renters quick access to many of the nation’s top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn, as well as many others. Overall, the investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 1352 Carnelia Drive presents an attractive choice for South Bay renters thanks to its proximity to major employers, transportation corridors, shopping, dining, and entertainment options

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

4

PRICE/UNIT

$331,250

CAP RATE

5.16%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

R3H, San Jose

APN/PARCEL ID

477-32-187

ASK ABOUT THIS PROPERTY

Ramon KochaviMarcus & MillichapMore Info
415-963-3060

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Ramon KochaviMarcus & MillichapMore Info
415-963-3060

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