2060 The AlamedaSan Jose, CA 95126

Property Details for 2060 The Alameda

Year built

1925

Lot size

0.23 AC

Property size (Sq ft)

2,620 SF

Zone code

CO

Property type

Office buildings

APN

230-21-001

APU

23021001

Description

This exceptional 2,620-square-foot executive office building, situated at 2060 The Alameda in San Jose, California, presents a unique investment opportunity. Built in 1925, this beautifully converted Mediterranean-style building boasts a charming aesthetic and is ideally located in the Rose Garden neighborhood, close to Santa Clara University. The property features multiple offices, two conference rooms, three separate restrooms, a full kitchen, and an outdoor patio. Currently vacant, this allows for immediate occupancy or customization to suit a variety of business needs. The 0.22-acre lot provides ample space, and the property includes 11 parking spaces. Its prime location offers easy access to Highways 880, 101, and 280, providing convenient commutes throughout the Silicon Valley. The property enjoys high visibility on The Alameda, situated at the gateway between Santa Clara and San Jose, with proximity to Santana Row's upscale dining and shopping, Valley Fair Mall, and San Jose International Airport. The property is zoned CO (Commercial Office) and has a West Alameda Urban Village designation, allowing for a building height of up to 120 feet. It's also zoned for affordable housing and may have potential for rezoning to PD (Planned Development) or NC (Neighborhood Commercial), though potential buyers should conduct their own due diligence with the city to verify. The asking price is $1,675,000, with a price per square foot of $639.31 and a land value of $174.79 per acre. This is a rare opportunity to acquire a distinctive property in a highly desirable San Jose location.

• CAP approach

  CAP return

  Valuation

  6%

  $819,479

  6.5%

  $756,442

  7%

  $702,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,744

  Geo Method

  $730,744

• Alternative Use

  Use

  Valuation

  Residential Income

  $937,988

  Hospitality / Lodging

  $859,192

  Institutional / Educational

  $714,838

  Healthcare / Senior Housing

  $739,422

  Retail / Commercial

  $1,111,970

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.3433

Longitude

-121.927

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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