1895 The Alameda

San Jose, CA 95126

$4,992,000
Last Sold Price
Beds
9,020 Sq. Ft.
$553 / Sq. Ft.
9,020
Sq. Ft.
$553
per Sq. Ft.

Description

Rare Rose Garden Investment Opportunity! Attractive courtyard style complex. Newer dual paned windows, exterior paint and roof. Drought tolerant landscaping. Unit Mix: (2) Studio, (9) 1+1, (1) 2+1, (1) 2+1 Owners Unit. Some of the units have been upgraded. Below market rents - upside potential. Market GRM: 12.86 / Market Cap Rate: 5.59%. Ideal 1031 exchange opportunity; Seller is willing to wait for buyer to sell downleg property. Prime Rental Location - convenient to Highways 880 & 101, short walk...Rare Rose Garden Investment Opportunity! Attractive courtyard style complex. Newer dual paned windows, exterior paint and roof. Drought tolerant landscaping. Unit Mix: (2) Studio, (9) 1+1, (1) 2+1, (1) 2+1 Owners Unit. Some of the units have been upgraded. Below market rents - upside potential. Market GRM: 12.86 / Market Cap Rate: 5.59%. Ideal 1031 exchange opportunity; Seller is willing to wait for buyer to sell downleg property. Prime Rental Location - convenient to Highways 880 & 101, short walk to parks and schools. Minutes to Downtown San Jose, San Jose State University and Santa Clara University.
  1. Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-996-9384

Property Details for 1895 The Alameda

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
2
Cross Street
Hedding Avenue

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Magnify Real Estate, David Katz, DRE #01971921

Add your commute
LISTING UPDATED: 08/24/2023 07:57 AM

Property Details for 1895 The Alameda

StatusSold
MLS #ML81927008
Days on Compass105
Taxes$69,392 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.35 AC / 15,193 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Magnify Real Estate, David Katz, DRE #01971921

Add your commute

Building Information for 1895 The Alameda

Stories-Residences-Year Built1957Building Size-Lot Size0.35 AC / 15,193 SF

Payment Calculator

$33,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,243

Property Taxes

$5,783

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1895 The Alameda

Features
Features
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 9020
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 15
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 15
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1895
  • Street Name: The Alameda
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 9020
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Zoning Detail: CL
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 261-13-043
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95126
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .35
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, BBQ Area, Drought Tolerant Plants, Low Maintenance, Sprinklers - Auto
Multi Family Information
General Information
  • Annual Tax Amount: $69,392
  • Capitalization Rate: 4.66
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,216
  • Expense Landscape: $2,400
  • Expense Maintenance: $11,250
  • Expense Management: $0
  • Expense Trash: $3,225
  • Expenses Other: $10,900
  • Expenses Utility: $11,354
  • Expenses Total: $115,737
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 14.65
  • Income Annual Gross: $365,145
  • Income Annual Rental: $363,345
  • Income Gross Scheduled: $365,145
  • Income Other: $1,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,727
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,515
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $1,595
Unit Type 1
  • Unit Type1 Units Total: 12
Unit Type 2
  • Unit Type2 Units Total: 1
Unit Type 3
  • Unit Type3 Units Total: 2

Property History for 1895 The Alameda

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1895 The Alameda

Taxable ValueLand$1,963,804Additions$2,079,324Total$4,043,128
Tax Record2023$53,608 ($4,467 / month)
Home Facts
Total Finished SqFt9,020 SqFtAbove Grade Finished SqFt9,020 SqFtStories2Lot Size17,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningCLCountySANTA CLARAAPN261-13-043Fireplace TypeHas Fireplace

Schools near 1895 The Alameda

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 - 11 to 12
Rating
School
Distance
Merritt Trace Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Middle College High School
Public11 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

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.