Tenant-Occupied Fourplex with
For Sale
$1,595,000
1081 Newhall Street, San Jose, CA 95126
Four 1-bedroom, 1-bath units with covered carport parking provide month-to-month rental housing in a central San Jose area.
Property Size2,400 SF
Price / SF$664.58
Days on Market227
Property Features for 1081 Newhall Street
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Property subtype
RESIDENTIAL INCOME / Fourplex
Occupancy
100%
Site & Location
Neighborhood
Berryessa
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$19,899
Amenities
No, Coin Operated, No, 2400, None, None
4
Building Details
Year Built
1952
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Jane He · License #02094580
(408) 781-2751
Source:
Compass
Added: Mar 22
Changed: Oct 27
Last Checked: Nov 1 at 8:08AM
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
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Investment Insights
Based on property information with market context.
Located at 1081 Newhall Street in San Jose, this tenant-occupied fourplex offers four spacious 1-bedroom, 1-bath units. The property includes four covered carport parking spaces plus additional street parking, supporting convenient everyday access for residents and guests. Each unit is currently leased on a month-to-month basis.
The building sits in a quiet, tree-lined Santa Clara neighborhood described as being just steps from the Rose Garden area. The location also provides easy access to Highway 880 and proximity to downtown San Jose, shopping, and dining, as well as nearby activity tied to the upcoming Google campus developments.
This four-unit configuration can appeal to buyers seeking a turnkey rental property with in-place occupancy and flexible month-to-month leases. The parking mix of covered carports and street space adds practical utility for residents. For investors or owner-operators, the unit mix and existing tenancy offer a straightforward platform for managing a small multifamily asset while maintaining control over future leasing strategy.
The building sits in a quiet, tree-lined Santa Clara neighborhood described as being just steps from the Rose Garden area. The location also provides easy access to Highway 880 and proximity to downtown San Jose, shopping, and dining, as well as nearby activity tied to the upcoming Google campus developments.
This four-unit configuration can appeal to buyers seeking a turnkey rental property with in-place occupancy and flexible month-to-month leases. The parking mix of covered carports and street space adds practical utility for residents. For investors or owner-operators, the unit mix and existing tenancy offer a straightforward platform for managing a small multifamily asset while maintaining control over future leasing strategy.
Key Highlights
- Fourplex built in 1952 with four 1‑bedroom, 1‑bath units
- Four covered carport parking spaces plus additional street parking
- All four units are tenant‑occupied with a month‑to‑month lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,038
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units with covered carport parking provide month-to-month rental housing in a central San Jose area.
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: Fourplex built in 1952 with four 1‑bedroom, 1‑bath units; Four covered carport parking spaces plus additional street parking; All four units are tenant‑occupied with a month‑to‑month lease structure
