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33861497
33861493

1179 MESA DR, SAN JOSE, CA 95118

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
WR
CA 02155155
Listed by Magnify Equity
$1,625,000
10 days on market
Updated 10 days ago

1179 MESA DR SAN JOSE CA 95118

Details
APN 567-52-031
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,364
Units 4
Cap Rate 4.65%
NOI $75,567
Occupancy 75%
Pro-Forma Cap Rate 5.87%
Pro-Forma NOI $95,421
Price per SqFt $483
Class C
Year Built 1963
Stories 2
Lot Size (SqFt) 7,130
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.19

Prime 4plex near Almaden Valley with vacant remodeled unit and immediate upside

Marketing description

Magnify is pleased to present 1179 Mesa Dr, a 4-unit investment opportunity located in a desirable San Jose neighborhood. This 4plex features a unit mix of spacious 2-bedroom/1-bathroom floorplans. A standout feature of this asset is that one unit is currently vacant and newly remodeled, presenting a unique opportunity for an owner-occupant buyer to move right in, or for an investor to instantly maximize cash flow by placing a tenant at full market rent.

The property features functional layout designs where each unit enjoys its own private balcony or yard space. Residents benefit from dedicated covered carport parking and comfortable amenities that heavily support long-term tenant retention.

Strategically located just blocks from Almaden Plaza and Whole Foods, 1179 Mesa Dr offers tenants a highly convenient lifestyle surrounded by a wide range of premier retail, dining, and everyday conveniences. The property's excellent location features easy access to major corridors like Almaden Expressway and Highway 85, providing a seamless commute to major Silicon Valley tech hubs and making this a prime acquisition for buyers seeking the perfect balance of current income, flexibility, and long-term appreciation.

Investment highlights

  • Strong investment opportunity with immediate income growth by leasing the vacant, newly remodeled unit at full market rent
  • Attractive unit mix of 2-bedroom / 1-bathroom layouts, appealing to stable, long-term renters
  • Efficient property design with functional layouts, featuring a private balcony or yard for each unit and dedicated carport parking
  • Prime San Jose location near Almaden Plaza and Whole Foods, offering convenient access to shopping and dining
  • Excellent connectivity with easy access to Almaden Expressway and Highway 85

Listing Contacts

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
WR
CA 02155155
Listed by Magnify Equity

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,567.00
$6,297.25/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

Map

Zoning

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UR ResidentialMulti FamilyUrban Residential
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Last updated Jun 18, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Katz
License
01971921
Brokerage
Magnify Equity Inc
Brokerage Phone
4084380585
Title
Broker of Record
Brokerage Address
14370 Saratoga Ave, Saratoga CA 95070
Name
Eric Katz
License
01900078
Brokerage Phone
408-438-0838
Name
David Katz
License
CA01971921
Brokerage
Magnify Real Estate
Brokerage Phone
(408) 438-0585
Title
Co-Founder and COO
Brokerage Address
14370 Saratoga Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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