NOT LISTED FOR SALE
8 Beds
4 Baths
3,214 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: April 24, 2026

Last sale price $1,275,000 $397 Per Sq Ft

19 Days on Market

About This Home

As of April 2026

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. .

Last Agent to Sell the Property

Michael Henshaw

Marcus & Millichap License #01134592 Listed on: 03/28/2026

Last Buyer's Agent

Gavin Cheng

Legend Realty & Finance Group License #02092688

Legend Realty & Finance Group
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,214 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $108,312

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $4,770
  • Maintenance Expense $2,000
  • Other Expense $3,288
  • Utility Expense $6,913
  • Trash Expense $3,146
  • Operating Expense $36,779
  • Gross Income $106,146

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3214
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 3214
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6970.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6970.00

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month
  • Gross Rent Multiplier: 12.23
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4770
  • Expense Maintenance: 2000
  • Expenses Other: 3288
  • Expenses Total: 36779
  • Expenses Utility: 6913
  • Expense Trash: 3146
  • Income Annual Gross: 106146.00
  • Income Annual Rental: 108312
  • Income Gross Scheduled: 108312
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Security, Services - Sewer, Services - Trash Removal, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2026
Closed on
Apr 20, 2026
Sold by
Bought by
Seller's Agent
Michael Henshaw
Marcus & Millichap
Buyer's Agent
Gavin Cheng
Legend Realty & Finance Group
List Price
$1,325,000
Sold Price
$1,275,000
Premium/Discount to List
-$50,000
-3.77%
Views
19

Purchase Details

Closed on
Apr 29, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2009
Sold by
Bought by

Purchase Details

Closed on
May 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,275,000 Fidelity National Title Compan
-- None Available
-- Fidelity National Title Co
-- Old Republic Title Company
$400,000 None Available
$624,750 None Available
$750,000 Stewart Title Of Ca Inc
$629,000 Financial Title Company
$291,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $8,000,000
Previous Owner $240,000
Previous Owner $10,000
Previous Owner $65,000
Previous Owner $675,000
Previous Owner $10,000
Previous Owner $37,500
Previous Owner $581,250
Previous Owner $500,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/24/2026 04/24/26 Sold $1,275,000 -3.8% $397 / Sq Ft
04/17/2026 04/17/26 Pending -- -- --
03/28/2026 03/28/26 For Sale $1,325,000 -- $412 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $8,954 $525,386 $262,693 $262,693
2025 $8,588 $515,086 $257,543 $257,543
2024 $8,588 $504,988 $252,494 $252,494
2023 $8,416 $495,088 $247,544 $247,544
2022 $8,267 $485,382 $242,691 $242,691
2021 $8,183 $475,866 $237,933 $237,933
2020 $7,991 $470,988 $235,494 $235,494
2019 $7,694 $461,754 $230,877 $230,877
2018 $7,680 $452,700 $226,350 $226,350
2017 $7,575 $443,824 $221,912 $221,912
2016 $7,195 $435,122 $217,561 $217,561
2015 $7,020 $428,588 $214,294 $214,294
2014 $6,773 $420,194 $210,097 $210,097
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82040721

MLSListings

APN: 477-32-187

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