San Jose Four-Unit Multifamily
2369 Mammoth Dr San Jose, CA 95116
For Sale
$1,390,000
Pending
Four-unit property in San Jose with strong rental income.
Property Size3,012 SF
Days on Market97
Property Features for 2369 Mammoth Dr
General Information
Standard status
Pending
Size
3,012 SF
Property subtype
Investment
Building Details
Year Built
1960
Listing Agency:
(415) 216-6280
Listed By:
Nan Li · License #01999507
(415) 216-6280
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 5:18AM
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 Nan Li
Investment Insights
Based on property information with market context.
This four-unit property is located in a desirable area of San Jose. Each of the four units features 2 bedrooms and 1 bathroom, with each unit offering approximately 753 square feet of living space. The property generates a total monthly rental income of $8730. Carport parking is available for each unit. Residents have access to a convenient on-site laundry room. The location provides convenient access to shopping and dining options, as well as a BART station. Highways 680, 130, and 101 are easily accessible, facilitating convenient commutes throughout the Bay Area. The property has a bike score of 69, indicating it is bikeable, a walk score of 69, indicating it is somewhat walkable, and a transit score of 47, indicating some transit options are available.
Key Highlights
- Monthly rent income of $8730.
- Desirable San Jose location.
- Four 2‑bedroom, 1‑bath units.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.2k | $33.60 |
| − Vacancy | −$4.3k | −$1.43 |
| EGI | $96.9k | $32.17 |
| − OpEx | −$29.1k | −$9.65 |
| NOI | $67.8k | $22.52 |
3,012 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$968.8K
$847.7K – $1.13M
NOI $67,817 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$895.0K
$783.1K – $1.04M
NOI $62,649 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,333 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in San Jose with strong rental income.
Where is this quadplex located?
The property is located at 2369 Mammoth Dr San Jose, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Monthly rent income of $8730.; Desirable San Jose location.; Four 2‑bedroom, 1‑bath units.
