982-998 The Alameda - Apartments FOR SALE


San Jose, CA 95126- St Leo's
$3,895,000 USD
408-893-8063
982-998 The Alameda, San Jose, CA for Sale
$3,895,000 USD
Apartments - FOR SALE
1/47
null | 5.8% Cap Rate

982-998 The Alameda
San Jose, CA 95126
St Leo's


OVERVIEW

CBRE, as exclusive listing agent, is pleased to present the opportunity to own 982-998 The Alameda in San Jose. Located on one of San Jose's most desirable and historic corridors, this mixed-use property offers an exceptional investment opportunity in the heart of The Alameda District. The property consists of four commercial storefronts and seven residential apartments, ideally situated in a vibrant neighborhood known for its walkability, charm, and strong tenant demand. With a Walk Score® of 95 (Walkers Paradise) and a Bike Score® of 87 (Very Bikeable), tenants enjoy convenient access to Whole Foods, restaurants, coffee shops, shopping, entertainment, and everyday services. The property is also just minutes from Downtown San Jose, Diridon Station, Caltrain, SAP Center, and major transportation routes including Highways 280, 87, 880, and 101. The Alameda continues to be one of San Jose's most sought-after neighborhoods, combining historic character with urban convenience. Residents and businesses alike benefit from the areas strong sense of community, mature tree-lined streets, and proximity to Silicon Valley employment centers. Additionally, ownership spent over $50,000 on capital improvements in 2025 which include but are not limited to: roof, two new water heaters, electrical subpanels, etc... This is a rare opportunity to acquire a well-located mixed-use asset in one of San Jose's most established and desirable neighborhoods. Please contact the CBRE Listing Team for additional information or to schedule a property tour.

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

11

PRICE/UNIT

$354,091

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zavala

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CG

APN/PARCEL ID

261-30-054

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

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