994 The Alameda, San Jose CA 95126 | $3,895,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1924
  • MLS#: ML82032579
  • Community: 699 - Not Defined

Listing provided courtesy of Jefrey Henderson of Jefrey Henderson, Broker. Last updated 2026-01-27 09:42:19.000000. Listing information © 2025 SANDICOR.

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.

More Details

Parking Spots: 0.00
Carport Spaces: 0.00
Heating: Forced Air
Heating: Wall Furnace

David Piper

Call or Text: 858-525-5007

DRE# 02021985