1424 Carnelian Dr, San Jose, California 95122, San Jose, 95122 - 0 bed, 0 bath
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San Jose, California 95122
This Quadruplex Multifamily Asset offers a stable income opportunity with a List Price of $1,450,000, aligning with its $1,450,000 Fair Market Value. Comprising four spacious 2-bedroom, 1-bathroom units, the property carries a Condition Rating of 4, presenting a clear value-add path through interior modernization to capture market-leading rents. With on-site laundry, designated parking, and drought-tolerant landscaping near Downtown San Jose tech hubs, the asset is positioned for high rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking a low-vacancy, high-ROI investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1424 Carnelian Dr Subject | $1,450,000* List Price | 0 | 0 | 3,214 | $451 | - |
A 1550 Crucero Drive Sold | $1,299,999 | 0 | 0 | 3,264 | $398 | 0.1 mi |
B 1352 Carnelian Drive Active | $1,325,000 List Price | 0 | 0 | 3,214 | $412 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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 The bathroom is functional but also shows outdated fixtures and finishes.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.
The property offers immediate income with long-term tenants in place and significant potential for rent optimization to increase future cash flow.
Located in a strong rental demand area, with a short drive to Downtown San Jose and close proximity to shopping, dining, and everyday conveniences.
Comprises four spacious 2-bedroom, 1-bathroom units, a highly sought-after layout that appeals to a broad tenant base.
Built in 1962, the property may have aging systems (e.g., plumbing, electrical) that could require significant capital expenditures in the future.
While units share a floor plan, 'interior conditions may vary,' suggesting some units might need substantial renovation to achieve top market rents.
The property features a 'gated gravel front yard with low-maintenance, drought-tolerant landscaping,' which offers minimal private outdoor areas for tenants.
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.)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 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 | 86 | 140 | 50% |
Jan 26, 2026
$1,450,000
Initial Listing
Dec 16, 2013
$710,000
Public Record
Jun 29, 2001
$575,000
Public Record
Jun 10, 1998
$329,000
Public Record
Apr 3, 1997
$235,000
Public Record