Property summary
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
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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