1547 Alta Gln Dr San Jose, CA 95125-4414

Property Details for 1547 Alta Gln Dr

Year built

1962

Construction

WOOD

Lot size

0.21 lot acres

Property size

6,038 SF

Zone code

RM

Property type

Apartment buildings

APN

429-48-031

APU

42948031

Description

This exceptional 7-unit apartment building presents a compelling investment opportunity in San Jose's desirable Willow Glen neighborhood. The property, built in 1962, boasts a total of 6,038 square feet of net rentable space situated on an 8,712 square foot lot. The building comprises one two-story structure featuring a mix of unit sizes: one spacious three-bedroom, two-bathroom townhouse-style owner's unit (approximately 1,681 square feet) with a fireplace and patio, three two-bedroom, one-bathroom units, and three one-bedroom, one-bathroom units. Each unit benefits from one of the seven attached carport parking spaces. Further enhancing tenant convenience is an on-site laundry room (currently leased) and individual tenant storage lockers. The property features strong in-place rents, offering immediate cash flow and potential for future rental increases. Recent improvements include completed roof and termite repairs, along with a completed SB721 inspection for elevated exterior elements (balcony). The property's financial performance is highlighted by a Net Operating Income (NOI) of $130,118 and a 3.72% capitalization rate. The asking price is $3,499,000, translating to a price per unit of $499,857.14. This well-maintained property, family-owned since 1975, is ideally located near major Silicon Valley employers and transportation arteries, including Highways 280, 17, 87, and 85. This is a rare opportunity to acquire a stable, cash-flowing multifamily asset in a prime San Jose location. The property is offered as a 1031 exchange opportunity. The Assessor's Parcel Number (APN) is 429-48-031.