Renovated Duplex with
New
For Sale
$1,599,000
1274-1276 Flora AVE, San Jose, CA 95117
Two matching residences offer updated interiors, private outdoor space, and attached garage access.
Property Size2,359 SF
Lot Size0.15 Acres
Days on Market7
Property Features for 1274-1276 Flora AVE
General Information
Standard status
Active
Size
2,359 SF
Total Parking Spaces
2
Lot size
0.15 Acres
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
private backyard
Building Details
Building Size
2,359 SF
Year Built
1962
Buildings
1
Listing Agency:
Family First Real Estate Services Inc
(408) 775-4059
Listed By:
Elias Ordaz · License #01869915
(408) 775-4059
Source:
Lynnnorth
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 23 at 7:33AM
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 Family First Real Estate Services Inc
Investment Insights
Based on property information with market context.
Built in 1962, this side-by-side duplex contains two matching residences, each with three bedrooms, one and a half bathrooms, and approximately 1,180 square feet. Both units have been renovated with updated kitchens and bathrooms, new flooring, interior paint, and refreshed landscaping. Each residence also includes an attached single-car garage with interior entry and access to private backyard space.
The property has a combined 6,344-square-foot lot and is currently occupied by the owners. Both residences are scheduled to be delivered vacant at closing. The address is near Westgate Center off Saratoga Avenue, Santana Row, and Downtown Campbell.
The property has a combined 6,344-square-foot lot and is currently occupied by the owners. Both residences are scheduled to be delivered vacant at closing. The address is near Westgate Center off Saratoga Avenue, Santana Row, and Downtown Campbell.
Key Highlights
- Two side‑by‑side units, each with approximately 1,180 sf
- Each residence includes 3 bedrooms and 1.5 bathrooms
- Attached single‑car garages provide interior access for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,062,300
$1.1M
Cap Rate 7%
$758,786
$758.8K
Cap Rate 9%
$590,167
$590.2K
Market Conditions
NOI Build-Up for 2,359 SF
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.
Gross rent
$79.3K $33.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$75.9K $32.17/SF
− OpEx
−$22.8K −$9.65/SF
NOI
$53.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,062,300
Cap Rate 7%
$758,786
Cap Rate 9%
$590,167
Alternative Uses
Best Use
Multifamily LT 5
$758.8K
$663.9K – $885.3K
NOI $53,115 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$701.0K
$613.3K – $817.8K
NOI $49,067 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,727 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer updated interiors, private outdoor space, and attached garage access.
Where is this duplex located?
The property is located at 1274-1276 Flora AVE San Jose, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with approximately 1,180 sf; Each residence includes 3 bedrooms and 1.5 bathrooms; Attached single‑car garages provide interior access for both units
