Mixed-Use Warehouse and
194 S 24th ST San Jose, CA 95116
For Sale
$1,500,000
MULTI_FAMILY - SAN JOSE, CA
Property Size3,656 SF
Lot Size0.24 Acres
Price / SF$410.28
Days on Market27
Property Features for 194 S 24th ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bedrooms
3
Rooms
Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Garage - Detached, On Street
Appliances
Countertop - Solid Surface / Corian, Exhaust Fan, Garbage Disposal, Hookups - Gas, Oven Range - Gas
Standard status
Active
Size
3,656 SF
Lot size
0.24 Acres
Utilities
Heating system
Forced Air, Central
Water source
Public
Building Details
Year built
1950
Flooring type
Tile, Linoleum
Building materials
Wood Frame
Roof type
Tile
Architectural style
Other
Listing Agency:
KW Bay Area Estates
(408) 560-9000
Listed By:
Lisa Leung · License #00600854
(408) 835-8866
Added: Jul 2
Changed: Jul 28
Last Checked: Jul 28 at 10:06PM
MLS# ML82046878
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.
This property combines a spacious single-family residence and a separate commercial warehouse on one lot. The main home provides approximately 1,300 square feet of remodeled living space, with almost all new dual pane windows, fresh interior and exterior paint, and new flooring throughout. The updated kitchen includes new quartz finishes, a gas range, and an exhaust fan. Both bathrooms have been newly updated, and a laundry room sits just off the kitchen. Comfort features include central forced air heating, and the property also includes a detached one-car garage.
A detached commercial building totaling approximately 3,400 square feet provides additional space for a variety of potential uses. The property is listed as C1 zoned, and buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to confirm any development or use potential.
For tenants, buyers, or operators seeking a live-and-work configuration, the split setup supports different day-to-day needs between the residence and the warehouse. The warehouse component also provides room to accommodate flexible commercial or light industrial arrangements, subject to confirmation of permitted uses under the applicable zoning and local requirements.
A detached commercial building totaling approximately 3,400 square feet provides additional space for a variety of potential uses. The property is listed as C1 zoned, and buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to confirm any development or use potential.
For tenants, buyers, or operators seeking a live-and-work configuration, the split setup supports different day-to-day needs between the residence and the warehouse. The warehouse component also provides room to accommodate flexible commercial or light industrial arrangements, subject to confirmation of permitted uses under the applicable zoning and local requirements.
Key Highlights
- Remodeled single‑family home with approx. 1,300 sq ft living space on a 10,484 sq ft lot
- Almost all new dual pane windows (two fixed windows excluded), plus fresh interior and exterior paint and new flooring
- Updated kitchen with quartz finishes, gas range, and exhaust fan; includes laundry room off the kitchen
Financial Insights For Apartment 5plus
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 | $144.8k | $39.60 |
| − Vacancy | −$6.5k | −$1.78 |
| EGI | $138.3k | $37.82 |
| − OpEx | −$62.2k | −$17.02 |
| NOI | $76.0k | $20.80 |
3,656 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,044 @ 7.0% cap · market cap 5.07%
Second Best
Warehouse
$1.06M
$926.2K – $1.23M
NOI $74,099 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,558 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Remodeled residence plus a separate commercial warehouse on one C1-zoned lot offers flexible owner-operator or redevelopment options.
Where is this single family property located?
The property is located at 194 S 24th ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Remodeled single‑family home with approx. 1,300 sq ft living space on a 10,484 sq ft lot; Almost all new dual pane windows (two fixed windows excluded), plus fresh interior and exterior paint and new flooring; Updated kitchen with quartz finishes, gas range, and exhaust fan; includes laundry room off the kitchen
