Two-Unit Residential
New
For Sale
$1,100,000
1120 Park Ave, San Jose, CA 95126
Separate front and rear homes provide a combined three-bedroom-and-bathroom configuration on one parcel.
Property Size1,900 SF
Lot Size0.13 Acres
Price / SF$578.95
Days on Market3
Property Features for 1120 Park Ave
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.13 Acres
Property subtype
Multi Family Home
Zoning
G
Site & Location
Neighborhood
Shasta/Hanchett Park
Units
Unit Mix
3 bedroom 1 bathroom, 2 bedroom 1 bathroom
Multifamily Units
2
Amenities
Dog Run / Kennel
Fenced
Storage Shed / Structure
Building Details
Building Size
1,900 SF
Year Built
1946
Buildings
2
Stories
1
Listing Agency:
Kw Bay Area Estates
Listed By:
Paul Prouty · License #01171285
(408) 806-3393
Source:
Firesiderealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:19PM
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 Kw Bay Area Estates
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Investment Insights
Based on property information with market context.
Two residences occupy one parcel in San Jose. The front home has three bedrooms and one bathroom, while the rear home has two bedrooms and one bathroom. Together, the homes contain approximately 1,900 square feet on a 5,808-square-foot lot.
Built in 1946, the property has carpet and laminate flooring. High ceilings distinguish the front home’s living area. The residences are within the San Jose Unified elementary school district.
Built in 1946, the property has carpet and laminate flooring. High ceilings distinguish the front home’s living area. The residences are within the San Jose Unified elementary school district.
Key Highlights
- Two homes on one lot
- Front residence: 3 bedrooms and 1 bathroom; rear residence: 2 bedrooms and 1 bathroom
- Approximately 1,900 square feet combined on a 5,808‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,780
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,600
$855.6K
Cap Rate 7%
$611,143
$611.1K
Cap Rate 9%
$475,333
$475.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$63.8K $33.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$61.1K $32.17/SF
− OpEx
−$18.3K −$9.65/SF
NOI
$42.8K $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%
$855,600
Cap Rate 7%
$611,143
Cap Rate 9%
$475,333
Alternative Uses
Best Use
Multifamily LT 5
$611.1K
$534.8K – $713.0K
NOI $42,780 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$564.6K
$494.0K – $658.7K
NOI $39,520 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,323 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,139
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
Check the figures for this property
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 - Separate front and rear homes provide a combined three-bedroom-and-bathroom configuration on one parcel.
Where is this duplex located?
The property is located at 1120 Park Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two homes on one lot; Front residence: 3 bedrooms and 1 bathroom; rear residence: 2 bedrooms and 1 bathroom; Approximately 1,900 square feet combined on a 5,808‑square‑foot lot
