$1,500,000
SOLD MAY 30, 2025
7 Beds
4 Baths
3,145 Sq Ft
6,599 Sq Ft Lot

Recently Sold

$477 Per Sq Ft

1% Above List Price

26 Days on Market

About This Home

As of May 2025

Marcus & Millichap is pleased to present 169 Alexander Ave, a stunning fourplex located in the thriving city of San Jose, California. Situated on a 6,600 square-foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of 3,145 square feet. The subject property offers tenants spacious three-bedroom, two-bedroom, and one-bedroom floor plans each with a private garage parking space. Tenants also enjoy additional outside parking and an on-site laundry facility. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and convenient proximity to a diverse range of retail shopping options. With a world-class location in the heart of Silicon Valley, 169 Alexander Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Last Agent to Sell the Property

Eymon Binesh

Marcus & Millichap License #02060059 Listed on: 04/28/2025

Co-Listed By

Robert Johnston

Marcus & Millichap License #01853816

Last Buyer's Agent

Jairo Arreola

Real Brokerage Technologies License #01881005

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,599 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • 4 Carport Spaces
  • Uncovered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,145 Sq Ft Home
  • Laminate Flooring

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $88,620
  • Month-to-Month Lease Term

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $3,931
  • Maintenance Expense $2,000
  • Other Expense $900
  • Utility Expense $3,751
  • Trash Expense $1,818
  • Operating Expense $36,147
  • Gross Income $87,475

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3145
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 3145
  • Laundry: Coin Operated
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Uncovered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.50
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3931
  • Expense Landscape: 2400
  • Expense Maintenance: 2000
  • Expenses Other: 900
  • Expenses Total: 36147
  • Expenses Utility: 3751
  • Expense Trash: 1818
  • Income Annual Gross: 87475.00
  • Income Annual Rental: 88620
  • Income Gross Scheduled: 90180
  • Income Includes: Laundry, Rents
  • Income Other: 1560
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 Sold $1,500,000 +0.8% $477 / Sq Ft
05/25/2025 05/25/25 Pending -- -- --
04/28/2025 04/28/25 For Sale $1,488,000 -- $473 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,918 $1,483,633 $1,132,248 $351,385
2024 $20,918 $1,454,544 $1,110,048 $344,496
2023 $20,526 $1,426,025 $1,088,283 $337,742
2022 $20,162 $1,398,065 $1,066,945 $331,120
2021 $19,509 $1,370,653 $1,046,025 $324,628
2020 $19,310 $1,356,600 $1,035,300 $321,300
2019 $18,833 $144,929 $49,268 $95,661
2018 $3,703 $142,088 $48,302 $93,786
2017 $3,676 $139,303 $47,355 $91,948
2016 $3,473 $136,573 $46,427 $90,146
2015 $3,413 $134,522 $45,730 $88,792
2014 $3,196 $131,888 $44,835 $87,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82004543

MLSListings

APN: 484-05-015