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.