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
1/4
null | 4.56% Cap Rate

1550 Crucero Dr
San Jose, CA 95122
Santee


HIGHLIGHTS

  • Situated near Downtown San Jose, within walking distance to Grand Century Shopping Mall and Happy Hollow Park & Zoo.
  • All four units are spacious 2-bedroom, 1-bath floor plans, each approximately 816 SF.
  • Well-maintained property with annual expenses detailed for transparency (Check OM).
  • Close to San Jose State University, Santa Clara University, and top-rated schools.

OVERVIEW

1550 Crucero Drive is a well-maintained 4-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 2-bedroom, 1-bath layout, ideal for attracting quality tenants seeking proximity to major employers, universities, and lifestyle amenities. The property sits on a 6,708 SF lot and boasts a gross building area of 3,264 SF. Residents enjoy walking access to shopping, dining, and entertainment, with Grand Century Shopping Mall and Happy Hollow Park & Zoo just steps away. With scheduled gross rents of $110,940/year and potential upside to $132,300/year, this asset delivers strong cash flow and attractive investment metrics, including a cap rate up to 6.03%. 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

$485 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.