1151 Carlsbad Dr

San Jose, CA 95118

$2,845,000
Price
Beds
Baths
8,016 Sq. Ft.
$355 / Sq. Ft.
8,016
Sq. Ft.
$355
per Sq. Ft.

Description

OPEN HOUSE: Friday (5/16) from 11 AM to 12:30 PM. Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 8,000+ square feet of rentable building square footage. Comprising eight spacious townhome-style units plus one studio ADU, the property offers generous living...OPEN HOUSE: Friday (5/16) from 11 AM to 12:30 PM. Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 8,000+ square feet of rentable building square footage. Comprising eight spacious townhome-style units plus one studio ADU, the property offers generous living space throughout. The property also features nine covered parking spaces and two open parking spaces, ensuring convenient and hassle-free parking for residents. Enhancing its investment potential, the property includes a 400+ square foot studio attached to the carport, complete with an existing kitchen, bathroom, and private backyard. Currently used for storage, this bonus space offers clear ADU potential, presenting an easy opportunity to utilize a ninth rentable unit.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040
  2. Listed by AJ Decristoforo • DRE #02162593 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1151 Carlsbad Drive

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
1145-1151 Carlsbad Drive
Garage Spaces
0
Parking Spaces
9
Cross Street
Via Monte Drive
LISTING UPDATED: 05/21/2025 01:59 PM

Property Details for 1151 Carlsbad Drive

StatusContingent
MLS #ML82003032
Days on Compass64
Taxes$34,242 / year
HOA Fees$732
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.24 AC / 10,640 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593
Add your commute

Building Information for 1151 Carlsbad Drive

Stories-Residences-Year Built1963Building Size-Lot Size0.24 AC / 10,640 SF

Payment Calculator

$18,492 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,906

Property Taxes

$2,854

HOA Dues

$732

The Payment Calculator is for illustrative purposes only.

Property Information for 1151 Carlsbad Drive

Features
Features
  • Fireplace: No
  • Living SqFt: 8016
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 9
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 1
  • HOA Fee: $732
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: Cambrian
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1151
  • Street Name: Carlsbad
  • Street Suffix: Drive
  • Area ID: 14
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 8016
  • Structure SqFt Source: Other
  • Age: 62
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 567-52-017
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95118
  • Elementary School: 356
  • Elementary School District: 482
  • Middle School Text: Castillero Middle
  • High School District Text: San Jose Unified
  • High School Text: Pioneer High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .24
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $34,242
  • Capitalization Rate: 5.86
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,000
  • Expense Landscape: $2,400
  • Expense Maintenance: $4,500
  • Expense Management: $0
  • Expense Trash: $6,750
  • Expenses Other: $14,070
  • Expenses Utility: $11,250
  • Expenses Total: $82,212
  • Operating Expenses Include: Fee - Association, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 11.08
  • Income Annual Gross: $207,979
  • Income Annual Rental: $255,144
  • Income Gross Scheduled: $256,764
  • Income Other: $1,620
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,762
Unit 2 Information
  • Unit 2 Approx Square Footage: 400
  • Unit 2 Rent: $2,150
Unit Type 1
  • Unit Type1 Approx SqFt: 952

Property History for 1151 Carlsbad Drive

DateEvent & SourcePriceAppreciation
May 19, 2025

Pending

EBRD #ML82003032

May 19, 2025

Contingent - Show

MLSListings #ML82003032

May 12, 2025

Price Change

EBRD #ML82003032

$2,845,000
May 12, 2025

Price Change

MLSListings #ML82003032

$2,845,000
Apr 17, 2025

Listed (Active)

MLSListings #ML82003032

$2,995,000
Apr 17, 2025

Listed (Active)

EBRD #ML82003032

$2,995,000
DateEvent & SourcePrice
05/19/2025

Pending

EBRD #ML82003032

05/19/2025

Contingent - Show

MLSListings #ML82003032

05/12/2025

Price Change

EBRD #ML82003032

$2,845,000
05/12/2025

Price Change

MLSListings #ML82003032

$2,845,000
04/17/2025

Listed (Active)

MLSListings #ML82003032

$2,995,000
04/17/2025

Listed (Active)

EBRD #ML82003032

$2,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1151 Carlsbad Drive

Taxable ValueLand$857,460Additions$1,085,222Total$1,942,682
Home Facts
Total Finished SqFt7,616 SqFtAbove Grade Finished SqFt7,616 SqFtStories2Lot Size10,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningRMCountySANTA CLARAAPN567-52-017Fireplace TypeHas Fireplace

Schools near 1151 Carlsbad Drive

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Almaden Elementary School
PublicK to 5

Castillero Middle School
Public6 to 8

Pioneer High School
Public9 to 12

Broadway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.