4-Unit Multifamily with On-Site
1385 San Tomas Aquino PKWY San Jose, CA 95130
1385 San Tomas Aquino PKWY, San Jose, CA, 95130
$1,725,000
For Sale
$1,725,000
MULTI_FAMILY - SAN JOSE, CA
Property Size2,764 SF
Lot Size0.16 Acres
Price / SF$624.10
Days on Market39
Property Features for 1385 San Tomas Aquino PKWY
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 4
- Parking
- 2
- Parking features
- Carport
- Standard status
- Active
- Size
- 2,764 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 4
- Roof type
- Composition
Listing Agency
KW Santa Clara Valley Inc
(408) 818-8886
5201 Great America Pkwy, Suite 138, Santa Clara, CA
Listed by
Celia Li · License #02042036
(669) 226-0200
Added: Jun 10 Checked: Jul 18 at 7:06 pm
MLS# ML82035820
Listing URL
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.
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property includes four 2-bedroom, 1-bathroom apartments, totaling 2,764 square feet of living area. The building sits on a 6,755 square foot lot and features on-site laundry to support additional property revenue. Recent capital improvements include a successful SB 721 inspection, along with renovation work completed on Unit 4 in 2022 and Unit 2 at the end of 2024.
Located at 1385 San Tomas Aquino Pkwy in San Jose, the property is positioned in West San Jose, within close proximity to major South Bay employers including NVIDIA, Apple, and Intel. The combination of a residential income configuration and nearby employment centers is intended to appeal to tenants seeking practical commuting options.
For buyers looking for a manageable, income-generating residential asset, the property’s four-unit layout provides multiple residential units within a single building. Updates from the recent renovations and completed SB 721 inspection can be useful for underwriting and operational planning, while on-site laundry adds a resident-facing amenity tied to ongoing tenant usage.
Located at 1385 San Tomas Aquino Pkwy in San Jose, the property is positioned in West San Jose, within close proximity to major South Bay employers including NVIDIA, Apple, and Intel. The combination of a residential income configuration and nearby employment centers is intended to appeal to tenants seeking practical commuting options.
For buyers looking for a manageable, income-generating residential asset, the property’s four-unit layout provides multiple residential units within a single building. Updates from the recent renovations and completed SB 721 inspection can be useful for underwriting and operational planning, while on-site laundry adds a resident-facing amenity tied to ongoing tenant usage.
Key Highlights
- 4‑unit multifamily property built in 1960
- 4,275 SF lot with four 2‑bedroom/1‑bath units totaling 2,764 SF
- Renovated units include Unit 4 (2022) and Unit 2 (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 with on-site laundry and recent unit renovations for income-focused ownership.
Where is this quadplex located?
The property is located at 1385 San Tomas Aquino PKWY 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: 4‑unit multifamily property built in 1960; 4,275 SF lot with four 2‑bedroom/1‑bath units totaling 2,764 SF; Renovated units include Unit 4 (2022) and Unit 2 (end of 2024)
