Duplex with Garage
For Sale
Under Contract
$899,000
1120 Locust Street, San Jose, CA 95110
ResidentialIncome, SanJose, CA
Property Size1,474 SF
Lot Size0.10 Acres
Price / SF$609.91
Days on Market211
Property Features for 1120 Locust Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Parking features
On Street, Garage
Elementary school
SanJoseUnified
High school
SanJoseUnified
Elementary school district
SanJoseUnified
High school district
SanJoseUnified
Subdivision
CentralSanJose
Special listing conditions
Short Sale
Standard status
Active Under Contract
APN
434-06-045
Size
1,474 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
15646
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Acquire Inc.
Listed By:
Robert Garcia · License #01408257
(408) 455-4007
Added: Mar 27
Changed: Oct 21
Last Checked: Oct 23 at 4:06PM
MLS# ML82040543
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,474 square feet on a 0.0999-acre lot. Built in 1955, the property has laminate flooring and a composition roof. A garage and on-street parking are available, and the building is served by public water and public sewer.
The property is in San Jose, near downtown, with access to shopping, dining, parks, transit, major employers, and freeway connections. The location and nearby amenities are described as supporting renter demand.
The property is in San Jose, near downtown, with access to shopping, dining, parks, transit, major employers, and freeway connections. The location and nearby amenities are described as supporting renter demand.
Key Highlights
- 1,474‑square‑foot duplex on a 0.0999‑acre lot
- Built in 1955
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,188
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,760
$663.8K
Cap Rate 7%
$474,114
$474.1K
Cap Rate 9%
$368,756
$368.8K
Market Conditions
NOI Build-Up for 1,474 SF
Gross rent
$49.5K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$47.4K $32.17/SF
− OpEx
−$14.2K −$9.65/SF
NOI
$33.2K $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%
$663,760
Cap Rate 7%
$474,114
Cap Rate 9%
$368,756
Alternative Uses
Best Use
Multifamily LT 5
$474.1K
$414.9K – $553.1K
NOI $33,188 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$438.0K
$383.2K – $511.0K
NOI $30,659 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$890.2K
$778.9K – $1.04M
NOI $62,314 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
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?
Duplex - R2-zoned property includes public water and sewer service, laminate flooring, and a composition roof.
Where is this duplex located?
The property is located at 1120 Locust Street San Jose, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1,474‑square‑foot duplex on a 0.0999‑acre lot; Built in 1955; R2 zoning
