Map of Property

Value-Add Multifamily in Silicon Valley!

For Sale

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

This San Jose property for sale is located at 1661-1663 Alum Rock Ave. The current listed sale price for Value-Add Multifamily in Silicon Valley! is $3,250,000. Value-Add Multifamily in Silicon Valley! is situated on a lot that is 0.49 acre in size.

Contacts

broker
Mike Priolo

MPIRE Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 9,313 SF
  • Units 9
  • Lot Size 0.49 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1954
  • Date Updated Sep 14, 2025
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 has a huge value-add opportunity. An investor can utilize the massive ~.50 acre site and add multiple ADUs by removing the the parking carport and utilizing the ample surplus of parking (contact city of San Jose for details). All seven of the 1 bed 1 bath units have undergone some renovations and both commercial units are currently rented with years left on their respective leases.
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Highlights

  • Double Pane Windows & Individual Water Heaters Apartment roof has years of useful life left
  • Excellent Cash flow from day 7.63% cap on current rents All units have undergone some renovations
  • Excellent Demos: ~41,000 residents with a household income of ~$123K within 1 mile of subject property
  • Located on the Alum Rock Express line and short distance to Berryessa BART as well as the proposed 28th/Little Portugal BART Station
  • Opportunity to add multiple ADUs on large ~.50 acre parcel (contact City of San Jose for Details)

Getting around

  • 80/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City San Jose, CA
  • Neighborhood North Valley
  • Zip Code 95116
  • Market Bay Area

Points of Interest

  • Alum Rock

    1.42 miles

  • McKee

    1.50 miles

  • Penitencia Creek

    2.03 miles

  • Santa Clara

    2.12 miles

  • San Antonio

    2.14 miles

  • Japantown/Ayer

    2.26 miles

  • Convention Center

    2.37 miles

  • Children’s Discovery Museum

    2.64 miles

  • Gish

    2.95 miles

  • Hostetter

    3.00 miles

  • Speedway

    0.16 miles

  • Moe’s Stop

    0.41 miles

  • American Gasoline

    0.43 miles

  • Valero

    0.45 miles

  • Chevron

    0.85 miles

  • Kwik Serv

    0.95 miles

  • World

    0.97 miles

  • L & D Service Station

    1.06 miles

  • Shell

    1.13 miles

  • Tesla Supercharger

    2.17 miles

  • clinic parking

    0.26 miles

  • hospital parking

    0.74 miles

  • Berryessa/North San José Station

    1.32 miles

  • Casa Royal Inn

    1.88 miles

  • Quality Inn

    1.89 miles

  • WhyHotel

    1.93 miles

  • Hotel Clariana

    2.01 miles

  • The Hensley House

    2.08 miles

  • White Way Motel

    2.09 miles

  • Pacific Motor Inn

    2.20 miles

  • Convention Center Inn & Suites

    2.20 miles

  • Four Points by Sheraton San Jose Downtown

    2.21 miles

  • Signia

    2.22 miles

  • Quality Produce

    0.39 miles

  • Lucky 7 Supermarket

    0.45 miles

  • La Estrella Market

    0.64 miles

  • Luck 7 Supermercado

    0.70 miles

  • Mi Ranchito Produce

    0.77 miles

  • Chaparral Supermarket

    0.86 miles

  • La Plaza Market

    0.88 miles

  • La Raza Super Market

    0.92 miles

  • Chavez Supermarket

    1.09 miles

  • Cardenas

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mike Priolo

MPIRE Commercial Real Estate

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