1879 Lundy Ave - Office/Residential CONDO FOR SALE


San Jose, CA 95131- Berryessa
$599,000 USD
650-740-4778
1879 Lundy Ave, San Jose, CA for Sale
$599,000 USD
Office/Residential CONDO - FOR SALE
1/30
null | Request Cap Rate

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1879 Lundy Ave
San Jose, CA 95131
Berryessa


OVERVIEW

Owner-user opportunity in North San Jose. Offered at $599,000, or $312 per square foot. Suite 128 is delivered vacant and move-in ready. The suite served as the home of a single family's tax practice for twenty years and is now available to an owner-user seeking a permanent business address rather than another lease renewal. The private exterior entrance and first-floor position provide direct client access and signage presence without common-lobby dependence. Pricing: Recent closed sales within the project and the immediate corridor support the offering. Suite 229 in the same building, 1,988 SF, closed at $342 per square foot. 2050 Concourse Drive Suite 94, 0.3 miles away, closed March 2026 at $339 per square foot. Suite 128 is offered at $312 per square foot, below both closed comparables. Financing: Qualified small businesses may acquire through SBA 504 or 7(a) financing with approximately 10 percent down, roughly $60,000 at the offering price. The June 2026 twenty-five year SBA 504 debenture rate is 6.11 percent. Financing terms are illustrative and subject to lender underwriting and credit approval. Listing agents can provide introductions to active SBA lenders. Taxes: California property taxes reset to purchase price at close. Estimated annual property tax at the offering price is approximately $8,400. Association: Lundy Center Association dues are $1,170 per month. Assessments increased 20 percent effective January 1, 2026 following a change in insurance carrier. On May 29, 2026 the Board approved a special assessment to repay a $1,500,000 association loan funding capital improvements including new HVAC. Suite 128's share is $442.02 per month over fifteen years, fixed for the first ten years, then repriced at the five-year Treasury rate plus 240 basis points. Complete association documents, budget, and disclosures are available to qualified buyers upon request. Delivered vacant at close. Contact listing agents for tours and offering materials.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Lundy Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

55,939 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

236

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

I, San Jose

APN/PARCEL ID

244-44-048,244-44-049,244-44-050,244-44-051,244-44-052,244-44-053,244-44-054,244-44-055,244-44-056,244-44-057,244-44-058,244-44-059,244-44-060,244-44-061,244-44-062,244-44-063,244-44-064,244-44-065,244-44-066,244-44-067,244-44-068,244-44-069,244-44-070,244-44-071,244-44-072,244-44-073,244-44-074,244-44-075,244-44-076,244-44-077,244-44-078,244-44-079,244-44-080,244-44-081,244-44-082,244-44-083,244-44-084,244-44-085,244-44-086,244-44-087,244-44-088

ASK ABOUT THIS PROPERTY

Diego TorrelioeXp CommercialMore Info
650-740-4778

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Diego TorrelioeXp CommercialMore Info
650-740-4778

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