1661-1663 Alum Rock

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

  • For Sale $3,640,000
  • Property Type Multi-Family
  • Property Size 7,650 SF
  • Units 9
  • Lot Size 0.48 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1949
  • Year Renovated 2022
  • Date Updated Aug 20, 2024
1661-63 Alum Rock Ave is located just three miles east of Downtown San Jose, the Capital of Silicon Valley. This property is also a very short distance to the Berryessa BART station, is on the Alum Rock Express Bus line, and is in close proximity to freeways 101, 680, 880, and 87 making it ideally located for commuter employees. In addition the Alum Rock area of San Jose has been undergoing redevelopment for the past decade and will continue to redevelopment/revitalized adding long term value to location well into the future.1661-63 Alum Rock Ave offers investors the opportunity to acquire a cash-flowing asset that still have multiple avenues of value-add capabilities. 1663 Alum Rock is a single tenant retail space, with a non-conforming Studio town home style apartment, that will be delivered vacant at the close of escrow which allows an investor the ability to immediately increase NOI (City of San Jose will permit the non-conforming unit with some building code upgrades). Additionally, the massive ~.50 acre site is perfect for adding multiple ADUs by removing the the parking carport and utilizing the ample surplus of parking (contact city of San Jose for details).

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Highlights

  • Excellent Cash flow from day 6.50% cap on current rents
  • Opportunity to lease vacant retail and residential units- 1663 (front and rear)
  • Opportunity to add multiple ADUs on large ~.50 acre parcel

Contacts

broker

Mike Priolo

SVN | Capital West Partners

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City San Jose, CA
  • Neighborhood North Valley
  • Zip Code 95116
  • Market Bay Area

Points of Interest

  • Saint James

    2.12 miles

  • Berryessa

    2.48 miles

  • Tamien

    3.15 miles

  • Cropley

    3.76 miles

  • Race

    3.81 miles

  • Stop 2

    4.04 miles

  • Component

    4.28 miles

  • Milpitas

    4.32 miles

  • Milpitas

    4.38 miles

  • Fruitdale

    4.45 miles

  • Moe’s Stop

    0.41 miles

  • American Gasoline

    0.43 miles

  • Valero

    0.45 miles

  • Speedway

    0.67 miles

  • Chevron

    0.85 miles

  • Exxon

    0.95 miles

  • World

    0.97 miles

  • Shell

    1.13 miles

  • Shell

    1.15 miles

  • Valero

    1.20 miles

  • clinic parking

    0.26 miles

  • clinic parking

    0.71 miles

  • hospital parking

    0.74 miles

  • clinic parking

    1.01 miles

  • clinic parking

    1.28 miles

  • Berryessa/North San José Station

    1.32 miles

  • Capitol Avenue at Avenue A

    1.38 miles

  • North Parking Garage

    1.60 miles

  • Golden Plaza

    1.71 miles

  • South Parking Garage

    1.87 miles

  • Casa Royal Inn

    1.88 miles

  • Quality Inn

    1.89 miles

  • Hotel Clariana

    2.01 miles

  • The Hensley House

    2.08 miles

  • White Way Motel

    2.09 miles

  • Ramada San Jose Downtown Near Convention Center

    2.20 miles

  • Convention Center Inn & Suites

    2.20 miles

  • Four Points by Sheraton San Jose Downtown

    2.21 miles

  • Signia by Hilton San Jose

    2.22 miles

  • Fairmont Tower

    2.22 miles

  • Yummy Restaurant

    0.08 miles

  • Adega

    0.12 miles

  • Antojitos El Big Boy

    0.12 miles

  • Zuniga's

    0.15 miles

  • Bacalhau Grill

    0.19 miles

  • Los Jarritos

    0.23 miles

  • El Grullo

    0.30 miles

  • Imperio Liquor & Taqueria

    0.33 miles

  • Nacos Tacos

    0.36 miles

  • La Enrramada

    0.45 miles

  • San Antonio Elementary School

    0.27 miles

  • Cristo Rey Jesuit High School

    0.37 miles

  • Anne Darling Elementary School

    0.50 miles

  • Cesar Chavez Elementary School

    0.73 miles

  • The Hub

    0.77 miles

  • ACE Empower Academy

    0.80 miles

  • Sunrise Middle School

    0.82 miles

  • San José High School

    0.83 miles

  • San Jose Community School

    0.88 miles

  • Mathson Institute of Technology

    0.89 miles

  • Pre-K Mầm Non

    0.17 miles

  • Crafty Kidos

    0.48 miles

  • Sundrops Montessori School

    0.54 miles

  • Circle Time Child Development Center

    0.58 miles

  • Foothill Child Development Center

    1.49 miles

  • Perla Guadalupe Castillo Daycare

    1.53 miles

  • Empire Montessori Preschool

    1.62 miles

  • Kim’s Daycare

    1.64 miles

  • Grant Preschool

    1.64 miles

  • SJB Cassell

    1.67 miles

Frequently Asked Questions

How much does 1661-1663 Alum Rock cost?

The space currently listed for sale at 1661-1663 Alum Rock asks for $3,640,000.

What is the total square footage of 1661-1663 Alum Rock?

1661-1663 Alum Rock totals 7,650 square feet.

When was this property built?

1661-1663 Alum Rock was built in 1949.

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Contact Listing Broker

broker

Mike Priolo

SVN | Capital West Partners