2469 Olive Avenue, San Jose, California 95128, San Jose, - bed, bath
ACTIVE$1,925,000
2469 Olive Avenue, San Jose, California 95128
0Bed
0Bath
3,304Sqft
4,725Lot
Year Built
1962
Close
-
List price
$1.93M
Original List price
$1.93M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82022057
Home ConditionPoor
Features
Deck
Patio
View-
About this home
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.
Nearby schools
4/10
Merritt Trace Elementary School
Public,•K-5•0.5mi
4/10
Gardner Elementary School
Public,•K-5•1.9mi
4/10
Horace Mann Elementary School
Public,•K-5•2.7mi
4/10
Luther Burbank Elementary School
Public,•K-8•0.3mi
3/10
Herbert Hoover Middle School
Public,•6-8•0.7mi
5/10
Willow Glen Middle School
Public,•6-8•3.1mi
5/10
Abraham Lincoln High School
Public,•9-12•0.5mi
5/10
Del Mar High School
Public,•9-12•1.5mi
6/10
Willow Glen High School
Public,•9-12•3.0mi
Price History
Date
Event
Price
09/18/25
Listing
$1,925,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,304 | 3,888 | 33% |
| Lot Size | 4,725 | 9,203 | 17% |
| Price | $1.93M | $1.91M | 50% |
| Price per square foot | $583 | $509 | 67% |
| Built year | 1962 | 9825984 | 33% |
| HOA | |||
| Days on market | 48 | 105 | 17% |
Condition Rating
Poor
While the property features new hardwood flooring and a recently renovated, modern bathroom, the kitchen is incomplete. It lacks upper cabinets, a range/oven, and has exposed wiring, making it non-functional and requiring substantial completion work. This significant deficiency prevents the unit from being move-in ready and aligns with a 'Poor' condition, despite other recent updates.
Pros & Cons
Pros
Strong Income Potential: As a 4-plex with strong in-place rents close to $12K/month, this property offers significant and immediate income-generating potential for investors.
Desirable Unit Mix: The property features four spacious 2-bedroom/2-bathroom apartments, each with balconies/patios, appealing to a broad tenant base and maximizing rental demand.
Prime Retail & Entertainment Location: Strategically located a 'stone's throw' from Santana Row and Valley Fair Mall, providing tenants with convenient access to high-end shopping, dining, and entertainment options.
Excellent Transportation Access: The property boasts convenient access to public transportation, major freeways, and Stevens Creek, making it highly desirable for commuters.
Walkable & Family-Friendly Neighborhood: Situated in a predominantly single-family neighborhood, it offers walkability to schools, parks, and the Rose Garden, enhancing its appeal to long-term tenants.
Cons
Age of Property: Built in 1962, the property is over 60 years old, which may indicate aging infrastructure, systems (e.g., plumbing, electrical), and potential for deferred maintenance requiring future capital expenditures.
Limited Lot Size: The 4,725 sqft lot size for a quadruplex is relatively small, potentially limiting outdoor common areas for tenants or future expansion opportunities.
Lack of Specific Interior Updates: The description does not detail recent interior renovations or upgrades, suggesting units may require modernization to maximize rental income and tenant satisfaction in a competitive market.