Marcus & Millichap is pleased to present the investment
opportunity located at 1352 Carnelian Drive in San Jose,
California. This attractive, four-unit apartment complex is
situated on a parcel of land totaling 0.16 acres and features a
gross building area of approximately 3,214 square feet. Built in
1962, the property sits near Downtown San Jose and is within
walking distance to the Walmart-anchored Grand Century
Shopping Mall, home to a myriad of dining, shopping, and
entertainment options. Likewise, the property is just blocks away
from the Happy Hollow Park and Zoo, an exciting entertainment
venue for people of all ages. The multifamily building also sits
near San Jose State University and the historic Santa Clara
University, ranked 54th nationally for undergraduate programs
and 11th nationally for the executive MBA program based on U.S.
News & World Report rankings. As part of Silicon Valley, this
location offers renters quick access to many of the nations top
tech employers, including Apple, Google, Tesla, Facebook, IBM,
Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn, as
well as many others. Overall, the investment appeal of this asset
is driven by San Joses strong employment fundamentals and low
vacancy levels. .