1547 Alta Gln Dr San Jose, CA 95125-4414

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.