Turnkey Fourplex With Laundry
For Sale
$1,488,000
1105 Appian Ln, San Jose, CA 95116
Well-maintained fourplex with month-to-month tenants and coin-operated laundry for additional income.
Property Size3,328 SF
Price / SF$447.12
Days on Market163
Property Features for 1105 Appian Ln
General Information
Standard status
Active
Size
3,328 SF
Property subtype
Multi Family
Building Details
Year Built
1961
Listing Agency:
Prime Properties of Calif
Listed By:
Nick Khelawan · License #01095992
(510) 755-4663
Source:
Exitrealty
Added: May 12
Changed: Oct 16
Last Checked: Oct 16 at 6:26AM
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 Prime Properties of Calif
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Investment Insights
Based on property information with market context.
This turnkey fourplex offers four residential units that are well maintained and currently occupied by long-term tenants on month-to-month arrangements. Additional income is generated through coin-operated laundry.
Each unit includes a carport with two parking slots per tenant. The property is located off the freeway, close to shopping and schools.
Broker notes reflect walk, bike, and transit scores of 40, 49, and 48, respectively, indicating a more car-dependent setting with some transit availability.
Each unit includes a carport with two parking slots per tenant. The property is located off the freeway, close to shopping and schools.
Broker notes reflect walk, bike, and transit scores of 40, 49, and 48, respectively, indicating a more car-dependent setting with some transit availability.
Key Highlights
- Turnkey fourplex built in 1961 with long‑term tenants on month‑to‑month leases
- Total rent of $9,469 per month from four units
- Additional income from coin‑operated laundry on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,932
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,640
$1.5M
Cap Rate 7%
$1,070,457
$1.1M
Cap Rate 9%
$832,578
$832.6K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$111.8K $33.60/SF
− Vacancy
−$4.8K −$1.43/SF
EGI
$107.0K $32.17/SF
− OpEx
−$32.1K −$9.65/SF
NOI
$74.9K $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%
$1,498,640
Cap Rate 7%
$1,070,457
Cap Rate 9%
$832,578
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$936.7K – $1.25M
NOI $74,932 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$988.9K
$865.3K – $1.15M
NOI $69,222 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,692 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
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Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex with month-to-month tenants and coin-operated laundry for additional income.
Where is this quadplex located?
The property is located at 1105 Appian Ln San Jose, CA.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Turnkey fourplex built in 1961 with long‑term tenants on month‑to‑month leases; Total rent of $9,469 per month from four units; Additional income from coin‑operated laundry on site
