7-Unit Apartment
For Sale
$2,099,000
1019 Villa Avenue, San Jose, CA 95126
Two residential buildings combine a detached home with a separate six-unit apartment building.
Property Size4,056 SF
Price / SF$517.50
Days on Market50
Property Features for 1019 Villa Avenue
General Information
Standard status
Active
Size
4,056 SF
Property subtype
Multi Family Home
Zoning
R3
Net Operating Income
$132,901
Financials
Cap Rate
6.04%
Gross Income
$167,220
Site & Location
Neighborhood
Garden Alameda
Units
Unit Mix
1 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,056 SF
Year Built
1957
Buildings
2
Listing Agency:
Fathom Realty Group
Listed By:
Patrick Carvalho · License #02136374
(925) 457-7161
Source:
Eminentvalley
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 4 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty Group
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Investment Insights
Based on property information with market context.
This R3-zoned apartment property comprises seven residences across two buildings on one APN. A detached single-family home offers two bedrooms, one bathroom, approximately 1,200 square feet of living area, and a full cement-construction basement. The second building contains six one-bedroom, one-bathroom apartments. Combined building area is 4,056 square feet, and the property was built in 1957.
Recent work includes replacement windows and electrical panels. The existing configuration pairs a two-bedroom home with six one-bedroom units.
Recent work includes replacement windows and electrical panels. The existing configuration pairs a two-bedroom home with six one-bedroom units.
Key Highlights
- Seven units across two buildings on one APN
- Six apartments, each with one bedroom and one bathroom
- Detached home has 2 bedrooms, 1 bathroom, and approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,364
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,280
$1.7M
Cap Rate 7%
$1,205,200
$1.2M
Cap Rate 9%
$937,378
$937.4K
Market Conditions
NOI Build-Up for 4,056 SF
Gross rent
$160.6K $39.60/SF
− Vacancy
−$7.2K −$1.78/SF
EGI
$153.4K $37.82/SF
− OpEx
−$69.0K −$17.02/SF
NOI
$84.4K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,280
Cap Rate 7%
$1,205,200
Cap Rate 9%
$937,378
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.05M – $1.41M
NOI $84,364 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,468 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,450
Businesses Nearby
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Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings combine a detached home with a separate six-unit apartment building.
Where is this apartment building located?
The property is located at 1019 Villa Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Seven units across two buildings on one APN; Six apartments, each with one bedroom and one bathroom; Detached home has 2 bedrooms, 1 bathroom, and approximately 1,200 square feet
