1412 Carnelian Dr, San Jose, California 95122, San Jose, 95122 - 0 bed, 0 bath
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1412 Carnelian Dr
San Jose, California 95122
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,214Sq Ft
6,250Lot Size
Property Price
LIST PRICE$1,290,000
EST. MARKET VALUE
$1,332,399
3% BelowMARKET VALUE
SUMMARY
This fourplex represents a High-Potential Investment Opportunity with a List Price of $1,290,000—positioned well below the $1,332,400 Fair Market Value by 3%. This valuation gap offers $42,400 in Instant Equity. Featuring a Condition Rating of 4, the property provides stable cash flow through 100% occupancy and on-site laundry. While the infrastructure reflects its 1962 build, the strategic location near major transit corridors ensures long-term demand. This is a prime acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate, reliable rental income.
Estimated Market Value
$1,332,399+$42,399 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Jose.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1412 Carnelian Dr Subject 0 bd · 0 ba · 3,214 sqft · $415 | $1,290,000* List Price | 0 | 0 | 3,214 | $415 | - |
A 1375 Tami Lee Drive Active 0 bd · 0 ba · 3,264 sqft · $484 · 0.1 mi | $1,580,000 List Price | 0 | 0 | 3,264 | $484 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1962, this property is well-maintained but shows clear signs of age. The interior features dated wall heaters rather than modern HVAC, and the bathroom fixtures and vanities appear to be 20+ years old. While functional and 'turn-key' for an investor, it requires cosmetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Stable Rental Income
The property is 100% occupied by reliable, long-term tenants and includes an on-site shared laundry room for additional revenue, ensuring immediate cash flow and high cap rates.
- Strategic Commuter Location
Conveniently located near US-101, I-280, and I-680, the property offers excellent accessibility to major Silicon Valley employers, San Jose State University, and local shopping hubs.
- Low Overhead Costs
As a turn-key investment with no HOA fees and dedicated off-street parking, the property minimizes monthly operating expenses and immediate capital improvement requirements.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1962, the property may require more frequent maintenance or future upgrades to major systems compared to newer multi-family developments.
- Limited Parking Ratio
With only five dedicated parking spaces for four 2-bedroom units, parking may be insufficient for multi-car households, forcing a reliance on street parking.
About 1412 Carnelian Dr
This turn-key fourplex on the Eastside of San Jose offers a rare Silicon Valley investment opportunity at a competitive price with no HOA fees. The well-maintained property features four 2-bedroom, 1-bathroom units, each measuring approximately 800 square feet, providing a total of around 3,200 square feet of living space. The building is 100% fully occupied by reliable, long-term tenants, generating strong rental income and high cap rates with historically low vacancy rates. Additional revenue is generated through an on-site shared laundry room. Exhibiting true pride of ownership, the property has dedicated parking including five total spaces (one assigned rear space per unit) plus street parking. Conveniently situated near US-101, I-280, and I-680, the property offers easy commuter access. It is minutes from San Jose State University, Little Saigon, Grand Century Shopping Mall, Kelley Park, Happy Hollow Zoo, and local community centers.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,214 | 2,404.563 |
| Lot Size | 6,250 | 6,807.656 |
| Price | $1.29M | $1.42M |
| Price per sq ft | $401 | $613 |
| Built year | 1962 | 1962 |
| HOA | $0 | $0 |
| Days on market | 7 | 72 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,290,000
Initial Listing
Sold
Aug 19, 2020
$1,400,000
Public Record
Sold
Dec 18, 2017
$1,270,000
Public Record
Sold
Dec 2, 2016
$985,000
Public Record
Sold
Nov 24, 2009
$442,000
Public Record
Sold
Apr 2, 2007
$825,000
Public Record
Sold
Sep 23, 2005
$780,000
Public Record