2469 Olive Avenue, San Jose, California 95128, San Jose, 95128 - bed, bath
2469 Olive Avenue
San Jose, California 95128
Property Price
SUMMARY
Analysis of 2469 Olive Avenue, San Jose, California 95128 is currently available with a list price of $1,925,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Jose Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1962, shows a mix of conditions. While the bathroom and flooring in the images appear recently and tastefully renovated with modern finishes, the kitchen is clearly incomplete, featuring missing upper cabinets and exposed wiring. This significant unfinished work prevents the property from being 'Good' or 'Excellent' as it is not fully move-in ready without immediate, substantial completion of a major component. However, the visible updates are modern and well-done, indicating a level of investment that goes beyond 'Poor' or 'Tear-down'. Thus, 'Fair' is assigned, reflecting the property's age, the partial modern updates, and the significant work still required in the kitchen.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Rental Location
The property boasts a 'terrific rental location,' being a 'stones throw' to high-end amenities like Santana Row & Valley Fair Mall, convenient to public transportation and freeways, and within walking distance to schools, parks, and the Rose Garden, ensuring strong tenant demand.
- Strong Income Potential
With 'strong in place rents close to $12K/month' from four units, this 4-plex offers immediate and substantial cash flow, making it an attractive investment for income-focused buyers.
- Desirable Unit Mix
The property features an 'outstanding unit mix' of four spacious 2-bedroom/2-bathroom apartments, each with balconies/patios, which is highly appealing to a broad range of renters.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential for Capital Expenditures
Built in 1962, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or cosmetic renovations to units, as no recent upgrades are explicitly mentioned.
- Limited Lot Size
A lot size of 4,725 sqft for a quadruplex could be considered relatively small, potentially limiting outdoor space for tenants or future expansion opportunities.
- Ambiguous Area/District Information
The MLS area is 'Not Defined' and the high school district is listed as 'Other,' which might necessitate additional due diligence for buyers to fully understand local market specifics and school quality.
About 2469 Olive Avenue
Attractive 4-plex in great rental location. Outstanding unit mix - (4) spacious 2 bedroom / 2 bathroom apartments featuring balconies/patios. Strong in place rents close to $12K/month. Terrific rental location. Predominately single family neighborhood. Stones throw to Santana Row & Valley Fair Mall with high end shops and eateries. Convenient to public transportation, freeways, Stevens Creek. Walking distance to schools, parks and Rose Garden.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 4,725 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Jose Unified Schools
Merritt Trace Elementary School
Grades K-5 • 0.5 mi
Gardner Elementary School
Grades K-5 • 1.9 mi
Horace Mann Elementary School
Grades K-5 • 2.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,304 | 3,553 | 50% |
| Lot Size | 4,725 | 8,429.5 | 17% |
| Price | $1.93M | $1.86M | 50% |
| Price per sq ft | $583 | $555 | 50% |
| Built year | 1962 | 1966 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 191 | 33% |
Pricing History
Listed for Sale
Sep 18, 2025
$1,925,000
Initial Listing