181 Alexander Avenue

San Jose, CA 95116

$1,400,000
Price
Beds
3,206 Sq. Ft.
$437 / Sq. Ft.
3,206
Sq. Ft.
$437
per Sq. Ft.

Description

Amazing opportunity to buy a four unit building at a great cap rate . Massive potential to upgrade units and generate more income . This well-maintained 4 unit building has a large lot and off street parking. Comfortable loft -style units . Close to 680 and 101 this property gives great access to all of the bay area including jobs, shopping and entertainment. With both 2 and 1 bed units the building offers desirable and in demand rentals.Amazing opportunity to buy a four unit building at a great cap rate . Massive potential to upgrade units and generate more income . This well-maintained 4 unit building has a large lot and off street parking. Comfortable loft -style units . Close to 680 and 101 this property gives great access to all of the bay area including jobs, shopping and entertainment. With both 2 and 1 bed units the building offers desirable and in demand rentals.
  1. Listed by Ian Batra • DRE #01908801 • Trajectory Real Estate • 408-417-0776

Property Details for 181 Alexander Avenue

MLS City Name
SAN JOSE
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
1

Location

Listing Courtesy of Trajectory Real Estate, Ian Batra, DRE #01908801
Add your commute
LISTING UPDATED: 05/27/2023 11:27 AM

Property Details for 181 Alexander Avenue

StatusActive
MLS #ML81914846
Days on Compass167
Taxes$12,687 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1962
Lot Size0.15 AC / 6,621 SF
CountySanta Clara County

Location

Listing Courtesy of Trajectory Real Estate, Ian Batra, DRE #01908801
Add your commute

Building Information for 181 Alexander Avenue

Stories2Residences4Year Built1962Building Size-Lot Size0.15 AC / 6,621 SF

Payment Calculator

$8,085 per month

30 year fixed, 6.43% Interest

Principal and Interest

$7,028

Property Taxes

$1,057

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 181 Alexander Avenue

Features
    Features
  • Fireplace: No
  • Living SqFt: 3206
  • Pool: No
  • Security Features: None
  • Special Features: None
    Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
    Carport and Parking
  • Carport Min: 3
    Garage
  • Garage and Parking: Carport , Off-Street Parking, On Street
Property Details
    Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
    Property Details
  • Area Text: Alum Rock
  • Roof: Tar and Gravel
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 181
  • Street Name: Alexander
  • Street Suffix: Avenue
  • Area ID: 4
Lot / Property Details
    Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3206
  • Structure SqFt Source: Assessor
  • Age: 60
    Development Information
  • Zoning Detail: RM
    Location Information
  • City Limits: Yes
  • Parcel Number: 484-05-061
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95116
  • Elementary School District: 451
  • High School District Text: East Side Union High
    Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
    Other Information
  • Dual Variable: Yes
Multi Family Information
    General Information
  • Annual Tax Amount: $12,687
  • Building Unit Total: 4
  • Capitalization Rate: 4.11
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Other
  • Vacancy Factor: 0
    Income / Expense Details
  • Expense Insurance: $2,268
  • Expense Landscape: $0
  • Expense Maintenance: $1,200
  • Expense Management: $0
  • Expense Trash: $2,148
  • Expenses Other: $0
  • Expenses Utility: $3,420
  • Expenses Total: $21,723
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal
  • Gross Rent Multiplier: 17.68
  • Income Annual Gross: $79,200
  • Income Annual Rental: $79,200
  • Income Gross Scheduled: $79,200
  • Income Other: $0
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,300
    Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,450
    Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,650
    Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,200

Property History for 181 Alexander Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 181 Alexander Avenue

Taxable ValueLand$404,302Additions$449,352Total$853,654
Tax Record2022$13,136 ($1,095 / month)
Home Facts
Total Finished SqFt3,206 SqFtAbove Grade Finished SqFt3,206 SqFtStories2Lot Size6,600 SqFtStyleQuadraplexYear Built1962ZoningRMCountySANTA CLARAAPN484-05-061Fireplace TypeHas Fireplace

Schools near 181 Alexander Avenue

This home is within Alum Rock Union Elementary School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
RatingSchoolDistance
Anthony P. Russo Academy
PublicK to 5

William Sheppard Middle School
Public6 to 8

James Lick High School
Public9 to 12

Foothill High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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181 Alexander Avenue is a multi-family home for sale in San Jose, CA 95116. This property was listed for sale on December 14, 2022 by Trajectory Real Estate at $1,400,000. It has been on the market for a total of 167 days and was last sold on February 21, 2014. This listing's school districts are Alum Rock Union Elementary School District, East Side Union High School District. Nearby schools include Anthony P. Russo Academy, William Sheppard Middle School and James Lick High School. 181 Alexander Avenue is a 0-bed, 0-bath, 3,206 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trajectory Real Estate, Ian Batra, DRE #01908801

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.