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1550 Crucero Drive, San Jose, California 95122, San Jose, 95122 - bed, bath

1550 Crucero Drive, San Jose, California 95122 home-pic-0
ACTIVE UNDER CONTRACT$1,425,000
1550 Crucero Drive, San Jose, California 95122
0Bed
0Bath
3,264Sqft
6,600Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime San Jose Location: Situated in the thriving city of San Jose, part of Silicon Valley, offering strong rental demand due to proximity to major tech employers like Apple, Google, and Adobe.
Top Cons:
Age of Property: Constructed in 1970, the property is over 50 years old, potentially indicating aging infrastructure, higher maintenance requirements, and less energy efficiency compared to newer developments.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

This property has been on the market for 70 days.
Built in 1970 (55 years old).
Condition: The property was built in 1970, making it over 50 years old. While the description mentions 'beautifully designed' units, there's no indication of recent extensive renovations to major systems or common areas. The property analysis highlights 'aging infrastructure' and 'potential for deferred capital expenditures' as weaknesses. The exterior image shows a well-maintained but dated building, consistent with a property that has undergone regular upkeep and occasional updates, but whose major components and style are likely outdated. Without interior photos, it's difficult to assess kitchen and bathroom specifics, but given the age and lack of explicit recent upgrades, they are presumed to be functional but not modern, aligning with a 'Fair' condition.
Year Built
1970
Close
-
List price
$1.43M
Original List price
$1.43M
Price/Sqft
$437
HOA
$5,784
Days on market
70 Days
Sold On
2025-12-19
MLS number
ML82024544
Home ConditionFair
Features
View-

About this home

1550 Crucero Drive is an exceptional 4-unit apartment complex located in the thriving city of San Jose, California. Situated on a parcel of land totaling 6,791 square feet, the subject property was originally constructed in 1970 and features a gross building area of approximately 3,264 square-feet, offering tenants and residents beautifully designed two-bedroom and one-bedroom floor plans. 1550 Crucero Drive sits near Downtown San Jose and is within walking distance to the Walmart anchored Grand Century Shopping Mall, both being home to a myriad of dining, shopping, and entertainment options. The subject property is also blocks away f rom Happy Hollow Park and Zoo, an exciting entertainment venue for people of all ages. Additionally, the subject property sits near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. As part of Silicon Valley, this location also offers renters quick access to many of the nations top tech employers including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others.

Condition Rating
Fair
The property was built in 1970, making it over 50 years old. While the description mentions 'beautifully designed' units, there's no indication of recent extensive renovations to major systems or common areas. The property analysis highlights 'aging infrastructure' and 'potential for deferred capital expenditures' as weaknesses. The exterior image shows a well-maintained but dated building, consistent with a property that has undergone regular upkeep and occasional updates, but whose major components and style are likely outdated. Without interior photos, it's difficult to assess kitchen and bathroom specifics, but given the age and lack of explicit recent upgrades, they are presumed to be functional but not modern, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime San Jose Location: Situated in the thriving city of San Jose, part of Silicon Valley, offering strong rental demand due to proximity to major tech employers like Apple, Google, and Adobe.
Income-Generating Quadruplex: As a 4-unit apartment complex, it provides diversified rental income streams, enhancing investment stability and cash flow potential.
Excellent Walkability & Local Amenities: Within walking distance to Downtown San Jose, the Walmart-anchored Grand Century Shopping Mall, and blocks from Happy Hollow Park and Zoo, offering tenants convenient access to dining, shopping, and entertainment.
Proximity to Top Universities: Located near San Jose State University and Santa Clara University, attracting a consistent pool of student and faculty renters.
Diverse Unit Mix: Features both two-bedroom and one-bedroom floor plans, catering to a broad range of tenant needs and preferences.

Cons

Age of Property: Constructed in 1970, the property is over 50 years old, potentially indicating aging infrastructure, higher maintenance requirements, and less energy efficiency compared to newer developments.
Ambiguous Association Fee: The listed association fee of $5784.0 is significant; its frequency (monthly vs. annual) is not specified, creating uncertainty regarding a major operating expense.
Potential for Deferred Capital Expenditures: Despite 'beautifully designed' units, the description lacks details on recent major system upgrades or common area renovations, suggesting potential for future capital expenditures to modernize the building and maintain competitiveness.

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