Residential Income
For Sale
$1,799,000
345 S 21St St, San Jose, CA 95116
The property includes central air, forced-air heating, ceiling fans, and a fenced exterior.
Property Size4,066 SF
Price / SF$442.45
Days on Market13
Property Features for 345 S 21St St
General Information
Standard status
Active
Size
4,066 SF
Property subtype
Residential Income
Amenities
None, Other
Ceiling Fan(s), Central Air
Forced Air
Fenced
Attached, Garage, On Street
Building Details
Building Size
4,066 SF
Year Built
2008
Listed By:
Travis Clarke
(925) 922-2275
Source:
Evrealestate
Added: Sep 26
Changed: Oct 2
Last Checked: Oct 7 at 12:26PM
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 Travis Clarke
Investment Insights
Based on property information with market context.
Built in 2008, this residential income property contains 4,066 square feet. Interior features include central air, forced-air heating, and ceiling fans. The exterior is fenced, with an attached garage and on-street parking available.
The property is located at 345 S 21st St in San Jose, Santa Clara County.
The property is located at 345 S 21st St in San Jose, Santa Clara County.
Key Highlights
- 4,066 square feet of property area
- Built in 2008
- Central air, forced‑air heating, and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,572
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,440
$1.7M
Cap Rate 7%
$1,208,171
$1.2M
Cap Rate 9%
$939,689
$939.7K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$161.0K $39.60/SF
− Vacancy
−$7.2K −$1.78/SF
EGI
$153.8K $37.82/SF
− OpEx
−$69.2K −$17.02/SF
NOI
$84.6K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,440
Cap Rate 7%
$1,208,171
Cap Rate 9%
$939,689
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,572 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.86M
NOI $171,891 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air, forced-air heating, ceiling fans, and a fenced exterior.
Where is this residential income property located?
The property is located at 345 S 21St St San Jose, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 4,066 square feet of property area; Built in 2008; Central air, forced‑air heating, and ceiling fans
