Fully Leased Fourplex with
1385 Stanwood Drive San Jose, CA 95118
For Sale
$1,850,000
Solid fourplex is fully leased and well maintained, featuring a separate laundry room and private outdoor space for select units.
Property Size3,978 SF
Price / SF$465.06
Days on Market22
Property Features for 1385 Stanwood Drive
General Information
- Standard status
- Active
- Size
- 3,978 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing Agency:
Intero Real Estate Services
(408) 893-9339
Listed By:
Warren Kohn · License #01012886
(408) 893-9339
Source:
Exitrealty
Added: Jul 2
Changed: Jul 23
Last Checked: Jul 23 at 8:46AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This well maintained fourplex presents a fully leased residential income opportunity with updated rents reportedly maintained and documented expenses. The property is described as clean and in good condition, with a separate laundry room that can support additional onsite income.
Unit configurations include two units with private fenced yards and two units with balconies, providing outdoor space across the building. The remarks also indicate the property is a Tier #1 building through the City of San Jose, and that it offers convenient, walkable proximity to bus service, shopping, and parks.
Overall, the building is positioned as a four-unit asset with a mix of private yard and balcony layouts, supported by onsite laundry and a maintained, owner-kept appearance.
Unit configurations include two units with private fenced yards and two units with balconies, providing outdoor space across the building. The remarks also indicate the property is a Tier #1 building through the City of San Jose, and that it offers convenient, walkable proximity to bus service, shopping, and parks.
Overall, the building is positioned as a four-unit asset with a mix of private yard and balcony layouts, supported by onsite laundry and a maintained, owner-kept appearance.
Key Highlights
- 1963‑built fourplex in San Jose that is fully leased
- Separate laundry room on‑site for extra income
- Two units feature private fenced yards
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 4.84%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,742 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,170 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Solid fourplex is fully leased and well maintained, featuring a separate laundry room and private outdoor space for select units.
Where is this quadplex located?
The property is located at 1385 Stanwood Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1963‑built fourplex in San Jose that is fully leased; Separate laundry room on‑site for extra income; Two units feature private fenced yards
