1929 The Alameda

San Jose, CA 95126

$3,300,000
Last Sold Price
Beds
6,670 Sq. Ft.
$495 / Sq. Ft.
6,670
Sq. Ft.
$495
per Sq. Ft.

Description

Marketing package and additional information available upon request Seller will review and respond to offers as they are received Exceptionally well maintained apartment complex with income upside Marcus & Millichap is pleased to present 1929 The Alameda, located in San Jose, California. This contains six one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units in total. Located less than a mile away from Downtown San Jose. The building sits on a 16,000 square foot lot (per county...Marketing package and additional information available upon request Seller will review and respond to offers as they are received Exceptionally well maintained apartment complex with income upside Marcus & Millichap is pleased to present 1929 The Alameda, located in San Jose, California. This contains six one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units in total. Located less than a mile away from Downtown San Jose. The building sits on a 16,000 square foot lot (per county assessor) and contains approximately 6,670 square feet of building space. Please note vacant units have estimated projected rent for underwriting.
  1. Listed by Mitchell Zurich • DRE #01870648 • Brokerage DRE #01240999 • Marcus & Millichap • 408-888-9594

Property Details for 1929 The Alameda

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

Sold By Marcus & Millichap, Mitchell Zurich, DRE #01870648

Add your commute
LISTING UPDATED: 07/20/2022 11:22 AM

Property Details for 1929 The Alameda

StatusSold
MLS #ML81886425
Days on Compass41
Taxes$44,723 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1949
Lot Size0.39 AC / 16,948 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

Sold By Marcus & Millichap, Mitchell Zurich, DRE #01870648

Add your commute

Building Information for 1929 The Alameda

Stories-Residences-Year Built1949Building Size-Lot Size0.39 AC / 16,948 SF

Payment Calculator

$21,736 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,009

Property Taxes

$3,727

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1929 The Alameda

Features
Features
  • Fireplace: No
  • Living SqFt: 6670
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1929
  • Street Name: The Alameda
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6670
  • Structure SqFt Source: Assessor
  • Age: 73
Development Information
  • Zoning Detail: CL
Location Information
  • Parcel Number: 230-43-010
  • 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: .39
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $44,723
  • Capitalization Rate: 3.63
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,261
  • Expense Landscape: $2,000
  • Expense Maintenance: $5,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $8,083
  • Expenses Total: $64,067
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities, Vacancy Factor, Other
  • Gross Rent Multiplier: 17.67
  • Income Annual Gross: $189,418
  • Income Annual Rental: $194,676
  • Income Gross Scheduled: $195,276
  • Income Other: $600
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,720
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,557
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Units Total: 4
Unit Type 2
  • Unit Type2 Units Total: 6
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1929 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 1929 The Alameda

Taxable ValueLand$2,284,800Additions$1,081,200Total$3,366,000
Tax Record2023$43,572 ($3,631 / month)
Home Facts
Total Finished SqFt6,670 SqFtAbove Grade Finished SqFt6,670 SqFtStories2Lot Size16,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningCLCountySANTA CLARAAPN230-43-010Fireplace TypeHas Fireplace

Schools near 1929 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.

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Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

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.