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Listed by Michael Henshaw • Marcus & Millichap
$ 1,325,000
Est. payment /mo
Pending
1352 Carnelian Drive San Jose, CA 95122
3,214 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,214 sqft
Price per Sqft $412
MLS Listing ID ML82040721
HOA Y/N No
Year Built 1960
Lot Size 6,970 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Marcus & Millichap is pleased to present the investment opportunity located at 1352 Carnelian Drive in San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.16 acres and features a gross building area of approximately 3,214 square feet. Built in 1962, the property sits near Downtown San Jose and is within walking distance to the Walmart-anchored Grand Century Shopping Mall, home to a myriad of dining, shopping, and entertainment options. Likewise, the property is just blocks away from the Happy Hollow Park and Zoo, an exciting entertainment venue for people of all ages. The multifamily building also sits near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergraduate programs and 11th nationally for the executive MBA program based on U.S. News & World Report rankings. As part of Silicon Valley, this location offers renters quick access to many of the nations top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn, as well as many others. Overall, the investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels. .
Location
State CA
County Santa Clara
Interior
Heating Natural Gas, Wall Furnace
Cooling Other
Fireplace No
Schools
School District East Side Union High, Franklin-Mckinley Elementary
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