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Multifamily

1145-1151 Carlsbad Drive

1151 Carlsbad Dr, San Jose, CA 95118

Listing Price: $2,845,000

Cap Rate
5.97%
Number of Units
9
GRM
9.08
Occupancy
88.0%
Price/Unit
$316,111
Price/Gross SF
$354.92
Gross SF
8,016

Investment Overview

Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 7,616 square feet of rentable building square footage. Comprising eight spacious townhome-style floor plans, each unit provides generous living space. The property also features nine covered parking spaces and two open parking spaces, ensuring convenient and hassle-free parking for residents.

Enhancing its investment potential, the property includes a 400+ square foot studio attached to the carport, complete with an existing kitchen, bathroom, and private backyard. Currently used for storage, this bonus space offers clear ADU potential, presenting an easy opportunity to utilize a ninth rentable unit.

This prime location offers a wealth of conveniences for tenants, with Whole Foods Market and Pioneer High School just a short walk away, providing an ideal balance of retail and educational access. Additionally, Oakridge Mall is only a brief drive from the property, providing a variety of shopping and dining options. For those commuting to work, the property is strategically positioned close to major employers, including tech giants like Cisco, Adobe, and eBay, making it an appealing location for professionals working in Silicon Valley. The proximity to major highways ensures easy access to the greater Bay Area, including downtown San Jose and beyond.

Recently upgraded to provide long-term value, 1145-1151 Carlsbad Drive features brand-new windows, plumbing, and a new roof, which enhance both the functionality and the aesthetics of the property. These updates reduce potential maintenance costs and increase the property’s appeal to prospective tenants and investors. With its desirable location, thoughtful upgrades, and unique value-add potential, this multifamily community offers an excellent opportunity for investors seeking a well-maintained asset in one of San Jose’s most sought-after neighborhoods.

Investment Highlights

  • Undeniable ADU Potential: A 400+ SF attached storage room with an existing kitchen, bathroom, and private backyard offers a clear opportunity to rent a 9th unit.
  • 2. Prime Location: Located in the desirable Almaden Valley, walking distance to Whole Foods Market and Pioneer High School, with easy access to Oakridge Mall.
  • 3. Spacious Units: Eight large townhome-style floor plans with 7,616 square feet of rentable building space on a 10,640 square foot lot.
  • 4. Recent Upgrades: Brand-new windows, partial plumbing upgrades, and a new roof, offering long-term value and reduced maintenance costs.
  • 5. Ample Parking: Nine covered parking spaces and two open parking spaces, ensuring convenience for residents.
  • 6. Proximity to Major Employers: Close to Silicon Valley tech companies like Cisco, Adobe, and eBay, making it an ideal location for professionals.

Exclusively Listed By

Multifamily

1145-1151 Carlsbad Drive

Listing Price: $2,845,000

Cap Rate
5.97%
Number of Units
9
GRM
9.08
Occupancy
88.0%
Price/Unit
$316,111
Price/Gross SF
$354.92
Gross SF
8,016

Investment Highlights

  • Undeniable ADU Potential: A 400+ SF attached storage room with an existing kitchen, bathroom, and private backyard offers a clear opportunity to rent a 9th unit.
  • 2. Prime Location: Located in the desirable Almaden Valley, walking distance to Whole Foods Market and Pioneer High School, with easy access to Oakridge Mall.
  • 3. Spacious Units: Eight large townhome-style floor plans with 7,616 square feet of rentable building space on a 10,640 square foot lot.
  • 4. Recent Upgrades: Brand-new windows, partial plumbing upgrades, and a new roof, offering long-term value and reduced maintenance costs.
  • 5. Ample Parking: Nine covered parking spaces and two open parking spaces, ensuring convenience for residents.
  • 6. Proximity to Major Employers: Close to Silicon Valley tech companies like Cisco, Adobe, and eBay, making it an ideal location for professionals.

Investment Overview

Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 7,616 square feet of rentable building square footage. Comprising eight spacious townhome-style floor plans, each unit provides generous living space. The property also features nine covered parking spaces and two open parking spaces, ensuring convenient and hassle-free parking for residents. Enhancing its investment potential, the property includes a 400+ square foot studio attached to the carport, complete with an existing kitchen, bathroom, and private backyard. Currently used for storage, this bonus space offers clear ADU potential, presenting an easy opportunity to utilize a ninth rentable unit. This prime location offers a wealth of conveniences for tenants, with Whole Foods Market and Pioneer High School just a short walk away, providing an ideal balance of retail and educational access. Additionally, Oakridge Mall is only a brief drive from the property, providing a variety of shopping and dining options. For those commuting to work, the property is strategically positioned close to major employers, including tech giants like Cisco, Adobe, and eBay, making it an appealing location for professionals working in Silicon Valley. The proximity to major highways ensures easy access to the greater Bay Area, including downtown San Jose and beyond. Recently upgraded to provide long-term value, 1145-1151 Carlsbad Drive features brand-new windows, plumbing, and a new roof, which enhance both the functionality and the aesthetics of the property. These updates reduce potential maintenance costs and increase the property’s appeal to prospective tenants and investors. With its desirable location, thoughtful upgrades, and unique value-add potential, this multifamily community offers an excellent opportunity for investors seeking a well-maintained asset in one of San Jose’s most sought-after neighborhoods.

Exclusively Listed By

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