2060 The Alameda San Jose, CA 95126-1135
- Office buildings
- 2,620 SF
- 0.23 lot acres
Aug 07, 2024
Current Use by Public Records
- Office buildings
Property Details for 2060 The Alameda
- Year built
- 1925
- Lot size
- 0.23 lot acres
- Property size
- 2,620 SF
- Zone code
- CO
- Property type
- Office buildings
- APN
- 230-21-001
- APU
- 23021001
Description
This exceptional 2,620-square-foot executive office building, situated at 2060 The Alameda in San Jose, California, presents a unique investment opportunity. Built in 1925, this beautifully converted Mediterranean-style building boasts a charming aesthetic and is ideally located in the Rose Garden neighborhood, close to Santa Clara University. The property features multiple offices, two conference rooms, three separate restrooms, a full kitchen, and an outdoor patio. Currently vacant, this allows for immediate occupancy or customization to suit a variety of business needs. The 0.22-acre lot provides ample space, and the property includes 11 parking spaces. Its prime location offers easy access to Highways 880, 101, and 280, providing convenient commutes throughout the Silicon Valley. The property enjoys high visibility on The Alameda, situated at the gateway between Santa Clara and San Jose, with proximity to Santana Row's upscale dining and shopping, Valley Fair Mall, and San Jose International Airport. The property is zoned CO (Commercial Office) and has a West Alameda Urban Village designation, allowing for a building height of up to 120 feet. It's also zoned for affordable housing and may have potential for rezoning to PD (Planned Development) or NC (Neighborhood Commercial), though potential buyers should conduct their own due diligence with the city to verify. The asking price is $1,675,000, with a price per square foot of $639.31 and a land value of $174.79 per acre. This is a rare opportunity to acquire a distinctive property in a highly desirable San Jose location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,200,000
- ML approach
- $1,200,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,515,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,220,000
Market price range: $662k - $1.22M
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Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.927
- Latitude
- 37.3433
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
