Two-Unit
New
For Sale
$990,000
1172 Pierce ST, Santa Clara, CA 95050
One residence is vacant, while the other is occupied under a month-to-month lease.
Property Size1,884 SF
Lot Size0.12 Acres
Days on Market5
Property Features for 1172 Pierce ST
General Information
Standard status
Active
Size
1,884 SF
Lot size
0.12 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Forest
Public Transit
Yes
Units
Unit Mix
3BR/1.5BA, 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,884 SF
Year Built
1956
Listing Agency:
Aspire Homes
Listed By:
Axis Elite Team · License #70010248
(510) 565-8018
Source:
Lynnnorth
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Aspire Homes
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences on a 5,421-square-foot lot. The front residence measures approximately 1,072 square feet and has three bedrooms and 1.5 bathrooms; it is vacant. The rear residence offers approximately 812 square feet, two bedrooms, and one bathroom, and is occupied under a month-to-month lease. The property was built in 1956.
Sprouts Farmers Market, Target, and Wilson Field are within walking distance. The property also has immediate access to El Camino Real, dining, and public transit.
Sprouts Farmers Market, Target, and Wilson Field are within walking distance. The property also has immediate access to El Camino Real, dining, and public transit.
Key Highlights
- Two residences on a 5,421‑square‑foot lot
- Front residence: approximately 1,072 square feet, 3 bedrooms, 1.5 bathrooms; vacant
- Rear residence: approximately 812 square feet, 2 bedrooms, 1 bathroom; month‑to‑month tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,176
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
$803.5K
Cap Rate 7%
$573,943
$573.9K
Cap Rate 9%
$446,400
$446.4K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$59.9K $31.80/SF
− Vacancy
−$2.5K −$1.34/SF
EGI
$57.4K $30.46/SF
− OpEx
−$17.2K −$9.14/SF
NOI
$40.2K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,520
Cap Rate 7%
$573,943
Cap Rate 9%
$446,400
Alternative Uses
Best Use
Multifamily LT 5
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$509.0K
$445.4K – $593.9K
NOI $35,631 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.14M
$995.2K – $1.33M
NOI $79,618 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
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 - One residence is vacant, while the other is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 1172 Pierce ST Santa Clara, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two residences on a 5,421‑square‑foot lot; Front residence: approximately 1,072 square feet, 3 bedrooms, 1.5 bathrooms; vacant; Rear residence: approximately 812 square feet, 2 bedrooms, 1 bathroom; month‑to‑month tenant
