For Sale
$3,640,000

1661-1663 Alum Rock AveSan Jose, CA 95116

9-Unit Apartment Building, High ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional San Jose investment opportunity presents a 9-unit apartment building at 1661-1663 Alum Rock Ave, boasting 7,650 square feet on a sizable 0.5-acre lot. Built in 1947, the property comprises three buildings and offers a compelling 6.70% cap rate with a current NOI of $243,846, translating to a price per unit of $404,444 and a price per square foot of $476. All units have undergone renovations, featuring double-pane windows and individual water heaters. The apartment roof shows significant remaining life. The property's substantial lot size presents a significant value-add opportunity

Highlights

  • 7% Cap Rate on Current Income, Immediate Cash Flow.
  • Renovated Units.
  • Potential for Multiple ADUs on Large Lot (.5 acre).
  • Double-Pane Windows.
  • Long-Life Apartment Roof.
  • Individual Water Heaters.

Property Details for 1661-1663 Alum Rock Ave

Property type
Apartment buildings
Square Feet
7,650 SF
Year Built
1947
Buildings
3
Lot Size (sq. ft)
21,780 SF
Units
9

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.3523545
Longitude
-121.8570743
1661-1663 Alum Rock Ave, San Jose, California

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Contacts

Mike Priolo
Mike Priolo
Visit Broker Website

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1661-1663 Alum Rock Ave, San Jose, California, 95116

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1661-1663 Alum Rock Ave
  • Mike Priolo
    Mike Priolo
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