Fourplex with Private Outdoor
New
For Sale
$1,850,000
1379 Stanwood Dr, San Jose, CA 95118
Fully leased four-unit property with shared laundry and a mix of private yards and patio/deck areas.
Property Size3,978 SF
Days on Market6
Property Features for 1379 Stanwood Dr
General Information
Standard status
Active
Size
3,978 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,792
Amenities
laundry room
private yards
private patio/decks
Building Details
Building Size
3,978 SF
Year Built
1963
Buildings
1
Stories
2
Units
4
Listed By:
Matthew Luan
(408) 823-3219
Source:
Elliman
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 16 at 6:26PM
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 Matthew Luan
Investment Insights
Based on property information with market context.
This four-unit residential income property at 1379 Stanwood Dr includes a combination of private outdoor areas, with two units offering yards and two featuring patio or deck space. A dedicated laundry room contains coin-operated machines, creating an additional on-site income source. The property was built in 1963 and is currently fully leased, with rents reported at market levels and operating expenses maintained in current documentation.
The property is positioned within walking distance of schools, parks, shopping, and bus service. Walk Score is 72, indicating a very walkable setting, while BikeScore is 73. Transit Score is 27. The building is located in San Jose, California, in the 95118 ZIP code.
The property is positioned within walking distance of schools, parks, shopping, and bus service. Walk Score is 72, indicating a very walkable setting, while BikeScore is 73. Transit Score is 27. The building is located in San Jose, California, in the 95118 ZIP code.
Key Highlights
- Four‑unit property built in 1963
- Fully leased with rents at market levels
- Two units include private yards
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
$89,567
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
4.84%
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%
$1,791,340
$1.8M
Cap Rate 7%
$1,279,529
$1.3M
Cap Rate 9%
$995,189
$995.2K
Market Conditions
NOI Build-Up for 3,978 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
$133.7K $33.60/SF
− Vacancy
−$5.7K −$1.43/SF
EGI
$128.0K $32.17/SF
− OpEx
−$38.4K −$9.65/SF
NOI
$89.6K $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%
$1,791,340
Cap Rate 7%
$1,279,529
Cap Rate 9%
$995,189
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,567 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,742 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,170 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 95118, CA
32,764
Population
11,941
Households
2.7
Avg Household Size
40
Median Age
53%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
7,991
Density / Sq Mi
$148,438
Median Household Income
$80,817
Median Earnings
$2,488
Median Rent
$1,377,000
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased four-unit property with shared laundry and a mix of private yards and patio/deck areas.
Where is this quadplex located?
The property is located at 1379 Stanwood Dr San Jose, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑unit property built in 1963; Fully leased with rents at market levels; Two units include private yards
