Four-Unit Apartment
For Sale
$1,888,000
1794 Donna Ln, San Jose, CA 95124
Four updated two-bedroom, one-bath apartments with dual pane windows and all-electric HVAC, currently vacant.
Property Size3,150 SF
Price / SF$599.75
Days on Market11
Property Features for 1794 Donna Ln
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Building Details
Building Size
3,150 SF
Year Built
1961
Buildings
1
Stories
2
Units
4
Listing Agency:
HONG VO, BROKER
(408) 482-2121
Listed By:
Dan Ritter · License #01839379
(408) 482-2121
Source:
Elliman
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 8 at 10:54AM
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 HONG VO, BROKER
Investment Insights
Based on property information with market context.
1749 Donna Lane is a four-unit apartment building with four two-bedroom, one-bath apartments. Each unit is approximately 787 square feet and has been updated with new flooring, new kitchen and appliances, a new bathroom, ceiling lighting, dual pane windows and blinds, fresh paint, and all-electric air conditioning and heating.
All four units are currently vacant, creating flexibility to rent or lease. The property is in Cambrian, a quiet, family-friendly suburban neighborhood, and is within walking distance to Butcher Park and the Cambrian Public Library. Nearby amenities include Camden Community Center, as well as Houge Park with tennis courts and Los Gatos Creek County Park with walking and waterfront trails.
Convenient access to both HWY 17 and HWY 85 supports easy travel throughout the Bay Area. The area is also close to retail and personal services including Home Depot, Smart and Final, and Target. The building was built in 1961.
All four units are currently vacant, creating flexibility to rent or lease. The property is in Cambrian, a quiet, family-friendly suburban neighborhood, and is within walking distance to Butcher Park and the Cambrian Public Library. Nearby amenities include Camden Community Center, as well as Houge Park with tennis courts and Los Gatos Creek County Park with walking and waterfront trails.
Convenient access to both HWY 17 and HWY 85 supports easy travel throughout the Bay Area. The area is also close to retail and personal services including Home Depot, Smart and Final, and Target. The building was built in 1961.
Key Highlights
- Four two‑bedroom, one‑bath apartments, approximately 787 SF each
- Units have dual pane windows and blinds plus all‑electric A/C and heating
- Recently updated with new kitchen and appliances, new bathroom, and new flooring
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
$70,879
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
3.75%
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%
$1,417,580
$1.4M
Cap Rate 7%
$1,012,557
$1.0M
Cap Rate 9%
$787,544
$787.5K
Market Conditions
NOI Build-Up for 3,148 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
$105.8K $33.60/SF
− Vacancy
−$4.5K −$1.43/SF
EGI
$101.3K $32.17/SF
− OpEx
−$30.4K −$9.65/SF
NOI
$70.9K $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%
$1,417,580
Cap Rate 7%
$1,012,557
Cap Rate 9%
$787,544
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.0K – $1.18M
NOI $70,879 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$935.4K
$818.5K – $1.09M
NOI $65,478 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,082 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
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?
Quadplex - Four updated two-bedroom, one-bath apartments with dual pane windows and all-electric HVAC, currently vacant.
Where is this quadplex located?
The property is located at 1794 Donna Ln San Jose, CA.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath apartments, approximately 787 SF each; Units have dual pane windows and blinds plus all‑electric A/C and heating; Recently updated with new kitchen and appliances, new bathroom, and new flooring
