Four-Unit Apartment
For Sale
$1,595,000
1081 Newhall Street, San Jose, CA 95126
Tenant-occupied units provide an in-place multifamily configuration with covered parking and month-to-month leases.
Property Size2,400 SF
Price / SF$664.58
Days on Market131
Property Features for 1081 Newhall Street
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,899
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
Compass
(408) 781-2751
Listed By:
Jane He · License #02094580
(408) 781-2751
Source:
Exitrealty
Added: Apr 16
Changed: Aug 23
Last Checked: Aug 23 at 1:02PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1952, this quadplex contains four 1-bedroom, 1-bathroom units. The residences include wall furnaces, oven ranges, and refrigerators, while the property provides four covered carport spaces plus additional street parking. All four units are tenant-occupied and operate on month-to-month leases. Individual electric and gas meters serve the units, and public water and other public utilities are in place.
The property is located at 1081 Newhall Street in San Jose, near the Rose Garden area. Access to Highway 880, downtown San Jose, shopping, dining, and the upcoming Google campus developments adds to the property's surrounding convenience.
The property is located at 1081 Newhall Street in San Jose, near the Rose Garden area. Access to Highway 880, downtown San Jose, shopping, dining, and the upcoming Google campus developments adds to the property's surrounding convenience.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- Four covered carport parking spaces plus additional street parking
- All units tenant‑occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,038
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,760
$1.1M
Cap Rate 7%
$771,971
$772.0K
Cap Rate 9%
$600,422
$600.4K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$80.6K $33.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$77.2K $32.17/SF
− OpEx
−$23.2K −$9.65/SF
NOI
$54.0K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,080,760
Cap Rate 7%
$771,971
Cap Rate 9%
$600,422
Alternative Uses
Best Use
Multifamily LT 5
$772.0K
$675.5K – $900.6K
NOI $54,038 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$713.1K
$624.0K – $832.0K
NOI $49,920 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,460 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied units provide an in-place multifamily configuration with covered parking and month-to-month leases.
Where is this quadplex located?
The property is located at 1081 Newhall Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; Four covered carport parking spaces plus additional street parking; All units tenant‑occupied on month‑to‑month leases
