1550 Crucero Dr - Apartments FOR SALE


San Jose, CA 95122- Santee
$1,425,000 USD
650-460-3526
1550 Crucero Dr, San Jose, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/12
null | 4.56% Cap Rate

1550 Crucero Dr
San Jose, CA 95122
Santee


HIGHLIGHTS

  • Calling all investors to acquire an exceptional multifamily asset in one of the most dynamic locations in South Bay.
  • Near Downtown San Jose, within walking distance to the Grand Century Shopping Mall and Happy Hollow Park & Zoo.
  • 1550 Crucero Drive is a well-maintained property with annual expenses detailed in the offering memorandum for transparency.
  • San Jose State University, Santa Clara University, and top-rated schools are nearby, providing a great potential tenant pool.
  • All four units are spacious, beautifully designed, two-bedroom, one-bath floor plans, each approximately 816 square feet.

OVERVIEW

1550 Crucero Drive is a well-maintained four-unit apartment complex located in the heart of San Jose, offering investors a rare chance to acquire a multifamily asset in one of Silicon Valley’s most dynamic neighborhoods. Each unit features a spacious two-bedroom, one-bath layout, ideal for attracting quality tenants seeking proximity to major employers, universities, and lifestyle amenities. The property is situated on a 6,708-square-foot lot and features a gross building area of 3,328 square feet. With scheduled gross rents of $110,940 per year and potential upside of up to $132,300 per year, this asset delivers strong cash flow and attractive investment metrics, including a cap rate of up to 6.03%. Residents enjoy walking access to shopping, dining, and entertainment, with Grand Century Shopping Mall and Happy Hollow Park & Zoo just steps away. 1550 Crucero Drive offers tenants and residents convenient access to Interstate 280 and other major transportation routes, providing easy access to prestigious educational institutions, major employers, and the various lifestyle amenities offered in the Bay Area. San Jose’s robust employment market, high median incomes, and low vacancy rates further enhance the investment appeal. The property is professionally represented by Marcus & Millichap, ensuring a smooth transaction process.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

4

PRICE/UNIT

$356,250

CAP RATE

4.56%

% LEASED

100%

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

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,795 SF

ZONING

R3H, San Jose

APN/PARCEL ID

477-32-126

ASK ABOUT THIS PROPERTY

Michael HenshawMarcus & MillichapMore Info
650-460-3526

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Michael HenshawMarcus & MillichapMore Info
650-460-3526

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