1424 Carnelian Dr, San Jose, California 95122, San Jose, 95122 - bed, bath
1424 Carnelian Dr
San Jose, California 95122
Property Price
SUMMARY
Analysis of 1424 Carnelian Dr, San Jose, California 95122 is currently available with a list price of $1,450,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, the property's interior, as shown in the images, features a very dated kitchen with older white appliances, basic cabinets, and laminate countertops. The bathroom is functional but also shows outdated fixtures and finishes. Red carpeting in the living areas and bedrooms, along with basic lighting, further indicates a lack of recent modern renovations. While appearing well-maintained and livable, the property requires significant cosmetic updates to meet current standards, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Stable Cash Flow & Upside Potential
The property offers immediate income with long-term tenants in place and significant potential for rent optimization to increase future cash flow.
- Prime San Jose Location
Located in a strong rental demand area, with a short drive to Downtown San Jose and close proximity to shopping, dining, and everyday conveniences.
- Desirable Unit Configuration
Comprises four spacious 2-bedroom, 1-bathroom units, a highly sought-after layout that appeals to a broad tenant base.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1962, the property may have aging systems (e.g., plumbing, electrical) that could require significant capital expenditures in the future.
- Varying Interior Conditions
While units share a floor plan, 'interior conditions may vary,' suggesting some units might need substantial renovation to achieve top market rents.
- Limited Private Outdoor Space
The property features a 'gated gravel front yard with low-maintenance, drought-tolerant landscaping,' which offers minimal private outdoor areas for tenants.
About 1424 Carnelian Dr
Don’t miss this excellent opportunity to own a well-maintained 4-unit apartment building, ideal for investors seeking stable cash flow with upside potential. Each unit features 2 bedrooms, 1 bathroom, and approximately 800 sqft of comfortable living space. Property Highlights: Four spacious 2BD/1BA units (~800sq ft each) One designated parking space per unit Coin-operated on-site laundry room Gated gravel front yard with low-maintenance, drought-tolerant landscaping Long-term tenants in place Potential upside income through rent optimization Prime Location: Short drive to Downtown San Jose Close to shopping, dining, and everyday conveniences Strong rental demand area A solid multifamily asset with immediate income and future growth potential, opportunity like this don't come often, make an offer today! (Interior photos are from one of the units. All units share the same floor plan, but interior conditions may vary.)
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,214 | 3,239 | 50% |
| Lot Size | 6,250 | 6,425 | 50% |
| Price | $1.45M | $1.37M | 50% |
| Price per sq ft | $451 | $425 | 50% |
| Built year | 1962 | 1966 | 50% |
| HOA | $0 | $2.9K | 50% |
| Days on market | 40 | 94 | 50% |
Pricing History
Listed for Sale
Jan 26, 2026
$1,450,000
Initial Listing
Sold
Dec 16, 2013
$710,000
Public Record
Sold
Jun 29, 2001
$575,000
Public Record
Sold
Jun 10, 1998
$329,000
Public Record
Sold
Apr 3, 1997
$235,000
Public Record