Residential Income
New
For Sale
$1,290,000
1412 Carnelian Dr, San Jose, CA 95122
Interior heating is provided by a wall furnace.
Property Size3,214 SF
Price / SF$401.37
Days on Market5
Property Features for 1412 Carnelian Dr
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Santee & Ferrari
Amenities
Other
Wall Furnace
Assigned
Building Details
Building Size
3,214 SF
Year Built
1962
Listed By:
Tejveer Yadav
(408) 887-4066
Source:
Evrealestate
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 23 at 7:29AM
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 Tejveer Yadav
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Investment Insights
Based on property information with market context.
Located at 1412 Carnelian Dr in San Jose, this residential income property was built in 1962 and has a wall furnace. The property is in Santa Clara County, with Santee Dr identified as a cross street.
Key Highlights
- Built in 1962
- Wall furnace interior feature
- Santee Dr is identified as a cross street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,092
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,840
$1.2M
Cap Rate 7%
$872,743
$872.7K
Cap Rate 9%
$678,800
$678.8K
Market Conditions
NOI Build-Up for 3,214 SF
Gross rent
$115.7K $36.00/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$111.1K $34.56/SF
− OpEx
−$50.0K −$15.55/SF
NOI
$61.1K $19.01/SF
Area
ZIP 95122
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,840
Cap Rate 7%
$872,743
Cap Rate 9%
$678,800
Alternative Uses
Best Use
Apartment 5plus
$872.7K
$763.7K – $1.02M
NOI $61,092 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,824 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
918
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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Frequently Asked Questions
What type of property is this?
Residential income property - Interior heating is provided by a wall furnace.
Where is this residential income property located?
The property is located at 1412 Carnelian Dr San Jose, CA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Built in 1962; Wall furnace interior feature; Santee Dr is identified as a cross street
