Fourplex with Renovated
For Sale
$1,580,000
1375 Tami Lee Drive, San Jose, CA 95122
ResidentialIncome, SanJose, CA
Property Size3,264 SF
Lot Size0.18 Acres
Price / SF$484.07
Days on Market50
Property Features for 1375 Tami Lee Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Parking
5
Appliances
ExhaustFan, GarbageDisposal, OvenElectric, OvenSelfCleaning, Refrigerator
Elementary school
FranklinMcKinleyElementary
High school
EastSideUnionHigh
Elementary school district
FranklinMcKinleyElementary
High school district
EastSideUnionHigh
Subdivision
SouthSanJose
Standard status
Active
APN
477-32-136
Size
3,264 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
18313
HOA Fee
$484 Monthly
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Flooring type
Laminate, Linoleum, Tile
Building materials
Concrete
Roof type
Flat, Rolled Hot Mop
Listing Agency:
Intero Real Estate Services
(408) 357-5700
Listed By:
Mindy Masli · License #01895159
(408) 507-9737
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 21 at 10:06AM
MLS# ML82059883
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,264-square-foot fourplex in San Jose contains four tenant-occupied units, with leases on a month-to-month basis. Some residences have been renovated, while others retain their original finishes. The property was built in 1970 and sits on a 0.18-acre lot zoned RM.
Highways 280 and 101 are accessible from the property, and elementary and middle schools are within walking distance. Public water and sewer serve the site. Appliances include refrigerators, electric ovens, self-cleaning ovens, garbage disposals, and exhaust fans.
Highways 280 and 101 are accessible from the property, and elementary and middle schools are within walking distance. Public water and sewer serve the site. Appliances include refrigerators, electric ovens, self-cleaning ovens, garbage disposals, and exhaust fans.
Key Highlights
- Four tenant‑occupied units with month‑to‑month tenancies
- 3,264 square feet on a 0.18‑acre lot
- Some units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,978
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,560
$1.3M
Cap Rate 7%
$956,829
$956.8K
Cap Rate 9%
$744,200
$744.2K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$99.9K $30.60/SF
− Vacancy
−$4.2K −$1.29/SF
EGI
$95.7K $29.31/SF
− OpEx
−$28.7K −$8.79/SF
NOI
$67.0K $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 Rate 5%
$1,339,560
Cap Rate 7%
$956,829
Cap Rate 9%
$744,200
Alternative Uses
Best Use
Multifamily LT 5
$956.8K
$837.2K – $1.12M
NOI $66,978 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$886.3K
$775.5K – $1.03M
NOI $62,042 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,937 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied under month-to-month tenancies.
Where is this quadplex located?
The property is located at 1375 Tami Lee Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Four tenant‑occupied units with month‑to‑month tenancies; 3,264 square feet on a 0.18‑acre lot; Some units have been renovated
