Restored Mansion in San
For Sale
$3,725,000
1650 The Alameda, San Jose, CA 95126
Impeccably restored mansion in the heart of San Jose.
Property Size6,070 SF
Price / SF$613.67
Days on Market205
Property Features for 1650 The Alameda
General Information
Standard status
Active
Size
6,070 SF
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Realty
Listed By:
Chris Shaheen · License #01421630
(408) 621-7473
Source:
Homeisv
Added: Mar 24
Changed: Oct 6
Last Checked: Oct 7 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This impeccably restored mansion, designed by Julia Morgan, is located in the heart of the San Jose Rose Garden neighborhood. The property offers 6,070 square feet of space distributed across two main floors, a basement, and an attic/loft room. It features a prominent entry and reception area, with multiple possible configurations. High-quality interior finishes are present throughout, including a dramatic conference room. A shared break room with a fully functioning kitchen is available. The building is fully wired with CAT5 and includes a two-car garage. The property is in close proximity to downtown San Jose, CalTrain, SJC Airport, I-280, HWY 87, and I-880. The property is suitable for office use.
Key Highlights
- Impeccably restored Julia Morgan mansion.
- Boasting 6,070sf of space on 2 main floors, a basement, and an attic/loft room.
- Prime location in the heart of the San Jose Rose Garden neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,537
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,740
$4.3M
Cap Rate 7%
$3,050,529
$3.1M
Cap Rate 9%
$2,372,633
$2.4M
Market Conditions
NOI Build-Up for 6,070 SF
Gross rent
$340.2K $56.04/SF
− Vacancy
−$55.4K −$9.13/SF
EGI
$284.7K $46.91/SF
− OpEx
−$71.2K −$11.73/SF
NOI
$213.5K $35.18/SF
Area
San Jose, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,740
Cap Rate 7%
$3,050,529
Cap Rate 9%
$2,372,633
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,537 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,610 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Jose, CA
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Frequently Asked Questions
What type of property is this?
Office building - Impeccably restored mansion in the heart of San Jose.
Where is this office building located?
The property is located at 1650 The Alameda San Jose, CA.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: Impeccably restored Julia Morgan mansion.; Boasting 6,070sf of space on 2 main floors, a basement, and an attic/loft room.; Prime location in the heart of the San Jose Rose Garden neighborhood.
