3691 Cape Cod CT San Jose, CA 95117
MULTI_FAMILY - SAN JOSE, CA
Property Features for 3691 Cape Cod CT
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 9
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 3, Bedroom 7
- Parking features
- Assigned, Carport
- Appliances
- Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range, Refrigerator
- Standard status
- Active
- Size
- 3,584 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 4
- Flooring type
- Carpet, Linoleum, Tile
- Roof type
- Flat
Listing agent Michael Shields License #01327546 (408) 356-1900
Listing office SiliconValley MultiFamilyGroup 235 Oak Meadow Drive, Los Gatos, CA (408) 356-1900
Listing date Jul 6, 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.
The property is in West San Jose’s rental corridor, within close proximity to downtown Campbell, and under three miles from Santana Row and Valley Fair. The listing also notes Section 1 clearance has been provided before close.
Zoned RM, this property can fit an investor looking to acquire a stabilized four-unit multifamily asset and pursue a 1031 exchange. The combination of recent roof and complete plumbing replacement supports an owner-operator or hands-on investor who prioritizes building system continuity and measurable capital improvements.
Key Highlights
- Fourplex with 4 units totaling 3,584 SF on a 7,260 SF lot
- Major systems upgraded: all plumbing infrastructure replaced in 2024 (drains, supply lines, and sewer systems)
- New roof in 2022 and additional improvements including new water heaters and new heating systems
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 | $120.4k | $33.60 |
| − Vacancy | −$5.1k | −$1.43 |
| EGI | $115.3k | $32.17 |
| − OpEx | −$34.6k | −$9.65 |
| NOI | $80.7k | $22.52 |
