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