Occupied Duplex with Converted
For Sale
$1,099,000
Pending
1672 E San Fernando Street, San Jose, CA 95116
Two remodeled primary units accompany a detached rental trailer and garage with conversion potential.
Property Size1,430 SF
Days on Market237
Property Features for 1672 E San Fernando Street
General Information
Standard status
Pending
Size
1,430 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$75,000
Taxes and HOA fees
Annual Taxes
$4,600
Amenities
garage
Building Details
Year Built
1957
Listing Agency:
Alliance Bay Realty
(408) 835-9868
Listed By:
Eva Panina · License #02236039
(408) 835-9868
Source:
Exitrealty
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 29 at 1:34PM
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 Alliance Bay Realty
Investment Insights
Based on property information with market context.
This 1,430-square-foot residential income property includes a duplex and a detached trailer on a large lot in San Jose. The front residence has two bedrooms and one bathroom, while the rear residence provides one bedroom and one bathroom. Both primary units have been recently remodeled, and the property also includes a fully converted trailer used as an additional rental unit.
All three units are occupied with tenants in place under month-to-month leases. A garage is included and may offer an opportunity for ADU conversion, subject to applicable requirements. Built in 1957, the property combines established improvements with a three-unit rental configuration.
All three units are occupied with tenants in place under month-to-month leases. A garage is included and may offer an opportunity for ADU conversion, subject to applicable requirements. Built in 1957, the property combines established improvements with a three-unit rental configuration.
Key Highlights
- 1,430‑square‑foot duplex property with an additional detached converted trailer
- Three occupied rental units with tenants in place
- Front unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,197
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,940
$643.9K
Cap Rate 7%
$459,957
$460.0K
Cap Rate 9%
$357,744
$357.7K
Market Conditions
NOI Build-Up for 1,430 SF
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.
Gross rent
$48.0K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$46.0K $32.17/SF
− OpEx
−$13.8K −$9.65/SF
NOI
$32.2K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,940
Cap Rate 7%
$459,957
Cap Rate 9%
$357,744
Alternative Uses
Best Use
Multifamily LT 5
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$424.9K
$371.8K – $495.7K
NOI $29,744 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$863.6K
$755.7K – $1.01M
NOI $60,453 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled primary units accompany a detached rental trailer and garage with conversion potential.
Where is this duplex located?
The property is located at 1672 E San Fernando Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 1,430‑square‑foot duplex property with an additional detached converted trailer; Three occupied rental units with tenants in place; Front unit offers 2 bedrooms and 1 bathroom
