Quadplex with Mixed Unit
For Sale
$1,395,000
1369 Dubert Ln, San Jose, CA 95122
Residential income property with one-, two-, and three-bedroom floor plans, open parking, and a front yard.
Property Size2,732 SF
Days on Market90
Property Features for 1369 Dubert Ln
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Multifamily
Net Operating Income
$50,239
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
2,732 SF
Year Built
1962
Buildings
1
Listing Agency:
Compass
(650) 770-8356
Listed By:
Tony Zizzo · License #CalDRE #01962093
Source:
Compass-cre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 11:00PM
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 Compass
Investment Insights
Based on property information with market context.
This quadplex contains four residential units with a varied floor plan mix: one three-bedroom, one-bathroom residence; two two-bedroom, one-bathroom residences; and one one-bedroom, one-bathroom residence. The property also includes open parking spaces and a spacious front yard.
Built in 1962, the property is located at 1369 Dubert Ln in San Jose, California. The site offers access near freeways and is close to downtown San Jose, providing a centrally positioned setting for a multifamily property.
Built in 1962, the property is located at 1369 Dubert Ln in San Jose, California. The site offers access near freeways and is close to downtown San Jose, providing a centrally positioned setting for a multifamily property.
Key Highlights
- 4‑plex with one 3‑bedroom, 1‑bathroom unit
- Two 2‑bedroom, 1‑bathroom units
- One 1‑bedroom, 1‑bathroom unit
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
$56,062
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
4.02%
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%
$1,121,240
$1.1M
Cap Rate 7%
$800,886
$800.9K
Cap Rate 9%
$622,911
$622.9K
Market Conditions
NOI Build-Up for 2,732 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
$83.6K $30.60/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$80.1K $29.31/SF
− OpEx
−$24.0K −$8.79/SF
NOI
$56.1K $20.52/SF
Area
ZIP 95122
Vacancy
4.20%
Lease Rate
$30.60 /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%
$1,121,240
Cap Rate 7%
$800,886
Cap Rate 9%
$622,911
Alternative Uses
Best Use
Multifamily LT 5
$800.9K
$700.8K – $934.4K
NOI $56,062 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$741.9K
$649.1K – $865.5K
NOI $51,930 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,455 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 95122, CA
54,056
Population
12,560
Households
4.3
Avg Household Size
36
Median Age
18%
College-Educated
65%
High-School Grad
4.8 sq mi
ZIP Area
11,262
Density / Sq Mi
$103,406
Median Household Income
$41,704
Median Earnings
$2,424
Median Rent
$838,900
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 - Residential income property with one-, two-, and three-bedroom floor plans, open parking, and a front yard.
Where is this quadplex located?
The property is located at 1369 Dubert Ln San Jose, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4‑plex with one 3‑bedroom, 1‑bathroom unit; Two 2‑bedroom, 1‑bathroom units; One 1‑bedroom, 1‑bathroom unit
