Fourplex with Carports and
1369 Stanwood Drive San Jose, CA 95118
1369 Stanwood Drive, San Jose, CA, 95118
$1,650,000
Pending
For Sale
$1,650,000
Pending
Four spacious residential units include forced-air heating, attached carports, and on-site coin-operated laundry.
Property Size3,978 SF
Days on Market21
Property Features for 1369 Stanwood Drive
General Information
- Standard status
- Pending
- Size
- 3,978 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing agency
Rocky Properties Inc.
(408) 398-1957
Listed by
Scott Morrella · License #00575922
(408) 398-1957
Source
Exitrealty
Added: Jul 1 Updated: Jul 20 at 7:50PM Checked: Jul 21 at 4:23AM
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 Rocky Properties Inc.
Investment Insights
Based on property information with market context.
This fourplex features spacious unit layouts with forced-air heating. The property has undergone capital improvements over the past years, including a newer roof approximately 5 years ago and about $35,000 in permitted balcony repairs over the carports. Unit #2 and #4 include newer laminate flooring, and the building provides 4 carports attached to the property.
The on-site coin-operated laundry machines are leased, supporting ongoing income. Long-term tenants currently occupy the units. The property is described as located close to shopping and schools, with convenient access to major freeways and an expressway, in the Cambrian area.
The fourplex includes a mix of unit types, with two 3-bedroom, 2-bath units and two 2-bedroom units that have private rear yards.
The on-site coin-operated laundry machines are leased, supporting ongoing income. Long-term tenants currently occupy the units. The property is described as located close to shopping and schools, with convenient access to major freeways and an expressway, in the Cambrian area.
The fourplex includes a mix of unit types, with two 3-bedroom, 2-bath units and two 2-bedroom units that have private rear yards.
Key Highlights
- 1963‑built 4‑plex with forced‑air heating and four spacious residential units
- Newer roof installed approx. 5 years ago
- Approx. $35k in balcony repairs over carports completed with permits
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.7k | $33.60 |
| − Vacancy | −$5.7k | −$1.43 |
| EGI | $128.0k | $32.17 |
| − OpEx | −$38.4k | −$9.65 |
| NOI | $89.6k | $22.52 |
3,978 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,567 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,742 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,170 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four spacious residential units include forced-air heating, attached carports, and on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 1369 Stanwood Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1963‑built 4‑plex with forced‑air heating and four spacious residential units; Newer roof installed approx. 5 years ago; Approx. $35k in balcony repairs over carports completed with permits
