25
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Listed by Adam Foley • CBRE, Inc.
$3,895,000
Est. payment /mo
9,148 SqFt
New
994 The Alameda San Jose, CA 95126
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,148 sqft
Price per Sqft $425
MLS Listing ID ML82051201
HOA Y/N No
Year Built 1924
Lot Size 10,454 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
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