1385 San Tomas Aquino PKWY San Jose, CA 95130
MULTI_FAMILY - SAN JOSE, CA
Property Features for 1385 San Tomas Aquino PKWY
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 4
- Parking
- 2
- Parking features
- Carport
- Standard status
- Active
- Size
- 2,764 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 4
- Roof type
- Composition
Listing agent Celia Li License #02042036 (669) 226-0200
Listing office KW Santa Clara Valley Inc 5201 Great America Pkwy, Suite 138, Santa Clara, CA (408) 818-8886
Listing date Jun 10, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1385 San Tomas Aquino Pkwy in San Jose, the property is positioned in West San Jose, within close proximity to major South Bay employers including NVIDIA, Apple, and Intel. The combination of a residential income configuration and nearby employment centers is intended to appeal to tenants seeking practical commuting options.
For buyers looking for a manageable, income-generating residential asset, the property’s four-unit layout provides multiple residential units within a single building. Updates from the recent renovations and completed SB 721 inspection can be useful for underwriting and operational planning, while on-site laundry adds a resident-facing amenity tied to ongoing tenant usage.
Key Highlights
- 4‑unit multifamily property built in 1960
- 4,275 SF lot with four 2‑bedroom/1‑bath units totaling 2,764 SF
- Renovated units include Unit 4 (2022) and Unit 2 (end of 2024)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $33.60 |
| − Vacancy | −$4.0k | −$1.43 |
| EGI | $88.9k | $32.17 |
| − OpEx | −$26.7k | −$9.65 |
| NOI | $62.2k | $22.52 |
