1661-1663 Alum Rock Ave San Jose, CA 95116
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1661-1663 Alum Rock Ave
- Year built
- 1947
- Lot size
- 0.50 lot acres
- Property type
- Apartment buildings
Description
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
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.857
- Latitude
- 37.3524
