Contacts

Mike Priolo

SVN | Capital West Partners

Property Details

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 Sep 29, 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

Getting around

80/100
Walk Score ®
54/100
Transit Score ®
55/100
Bike Score ®

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

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
Kohl's

1.06 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.

1661-1663 Alum Rock