West San Jose Multifamily
1385 San Tomas Aquino Parkway San Jose, CA 95130
1385 San Tomas Aquino Parkway, San Jose, CA, 95130
$1,725,000
For Sale
$1,725,000
Well-maintained four-unit property in desirable West San Jose location.
Property Size2,764 SF
Lot Size0.16 Acres
Price / SF$624.10
Days on Market145
Property Features for 1385 San Tomas Aquino Parkway
General Information
- Standard status
- Active
- Size
- 2,764 SF
- Lot size
- 0.16 Acres
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1960
Listing Agency
AW Santa Clara Valley, Inc
(669) 226-0200
Listed by
Celia Li · License #02042036
(669) 226-0200
Source
Kw
Added: Feb 23 Checked: Jul 17 at 5:04 am
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 AW Santa Clara Valley, Inc
Investment Insights
Based on property information with market context.
This well-maintained 4-unit multifamily property is located in a highly desirable West San Jose location. The property is situated on a 6,755 square foot lot and features four units, each with 2 bedrooms and 1 bathroom, totaling 2,764 square feet of living area. Recent capital improvements include a successful SB 721 inspection, a full renovation of Unit 4 in 2022, and a full renovation of Unit 2 at the end of 2024. On-site laundry facilities provide supplemental income. The property's proximity to major South Bay employers such as NVIDIA, Apple, Intel, and Cisco Systems supports strong rental demand, which is further underpinned by Santa Clara County's solid employment fundamentals and low vacancy levels. This property is a residential income property.
Key Highlights
- Desirable West San Jose location
- Four 2‑bedroom / 1‑bathroom units
- Unit 2 fully renovated at the end of 2024
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 | $92.9k | $33.60 |
| − Vacancy | −$4.0k | −$1.43 |
| EGI | $88.9k | $32.17 |
| − OpEx | −$26.7k | −$9.65 |
| NOI | $62.2k | $22.52 |
2,764 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$889.0K
$777.9K – $1.04M
NOI $62,233 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$821.3K
$718.6K – $958.2K
NOI $57,491 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,848 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit property in desirable West San Jose location.
Where is this quadplex located?
The property is located at 1385 San Tomas Aquino Parkway San Jose, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Desirable West San Jose location; Four 2‑bedroom / 1‑bathroom units; Unit 2 fully renovated at the end of 2024
