994 The Alameda, San Jose, CA 95126
994 The Alameda, San Jose, CA 95126
994 The Alameda, San Jose, CA 95126
994 The Alameda, San Jose, CA 95126
994 The Alameda, San Jose, CA 95126
994 The Alameda, San Jose, CA 95126
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John Faylor

John Faylor

+1(408) 605-8133
Listed by Adam Foley • CBRE, Inc., DRE#02144332
$ 3,895,000
Est. payment | /mo

1 Bed

2 Baths

9,148 SqFt

Save
$ 3,895,000
Est. payment | /mo
Save

1 Bed

2 Baths

9,148 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,148 sqft

Price per Sqft $425

MLS Listing ID ML82051201

Bedrooms 1

Full Baths 2

Year Built 1924

Lot Size 10,454 Sqft

Property Sub-Type Five or More Units

Property Description

994 The Alameda has been owned by the same family for 50+ years and boasts seven residential units and four ground floor retail units. The residential units are very large and consist of (4) Studios and (3) 1 Bed, 1 Bath floorplans. The retail spaces have all been improved by the tenants, and all tenants are operating successful businesses and have been at the property for 5+ years. Additionally, all units and the property systems have been well-maintained over the years and select units feature upgraded kitchens, countertops, cabinets, and bathrooms. Ownership has 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 property presents an excellent value add opportunity through adjusting the full-service leases to NNN leases upon lease expiration, which will roughly capture a 35% rental premium to the in-place leases.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning CG

Interior

Heating Wall Furnace

Cooling Ceiling Fan, Window / Wall Unit

Flooring Hardwood

Exterior

Parking Features Assigned Spaces

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Foam

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 261-30-054

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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John Faylor
John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA, 95050

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994 The Alameda