Fourplex with Patios and
For Sale
$1,799,999
1745 Ross CIR, San Jose, CA 95124
Well-kept four-unit property with 2BR/1BA layouts, separate coin-operated laundry, and covered carport parking.
Property Size3,672 SF
Days on Market77
Property Features for 1745 Ross CIR
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Fourplex
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$28,011
Building Details
Building Size
3,672 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
Intero Real Estate Services
(408) 506-3788
Listed By:
Eliot Beja · License #01982133
(408) 506-3788
Source:
Jen-marley
Added: Jun 15
Changed: Aug 25
Last Checked: Aug 29 at 3:35PM
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.
1745 Ross Circle is a fourplex offering four separate residential units, each with approximately two bedrooms and one full bathroom. The upstairs units include an outdoor balcony, while the downstairs units feature a patio area. The building provides carport parking with one assigned space per unit, along with additional open parking spaces. A separate coin-operated laundry room serves the four units. Unit 3 has been updated, and Unit 4 has been recently refreshed with new flooring, new appliances, and freshly painted interiors.
The property is located in San Jose’s Cambrian area with access to Highways 17 and 85, as well as nearby restaurants and shops. BikeScore is listed as 60 (Bikeable), walkScore as 61 (Somewhat Walkable), and transitScore as 26 (Some Transit). The assigned schools are Oster Elementary, Dartmouth Middle, and Branham High, with buyers advised to verify.
For investors or buyers seeking a small multifamily asset, this fourplex configuration supports straightforward unit-level leasing with practical on-site amenities such as covered parking and an on-site coin laundry room. The presence of an HOA for 27 fourplexes within the community should be reviewed as part of due diligence, along with all school and operating details for the tenant population.
The property is located in San Jose’s Cambrian area with access to Highways 17 and 85, as well as nearby restaurants and shops. BikeScore is listed as 60 (Bikeable), walkScore as 61 (Somewhat Walkable), and transitScore as 26 (Some Transit). The assigned schools are Oster Elementary, Dartmouth Middle, and Branham High, with buyers advised to verify.
For investors or buyers seeking a small multifamily asset, this fourplex configuration supports straightforward unit-level leasing with practical on-site amenities such as covered parking and an on-site coin laundry room. The presence of an HOA for 27 fourplexes within the community should be reviewed as part of due diligence, along with all school and operating details for the tenant population.
Key Highlights
- Built in 1963, well‑kept 4‑plex with four units in the Cambrian neighborhood of San Jose
- Each unit offers a 2‑bedroom, 1‑bath layout and is approximately 920 SF
- Unit 3 updated; Unit 4 recently updated with new flooring, new appliances, and freshly painted interiors
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
$82,678
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
4.59%
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%
$1,653,560
$1.7M
Cap Rate 7%
$1,181,114
$1.2M
Cap Rate 9%
$918,644
$918.6K
Market Conditions
NOI Build-Up for 3,672 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
$123.4K $33.60/SF
− Vacancy
−$5.3K −$1.43/SF
EGI
$118.1K $32.17/SF
− OpEx
−$35.4K −$9.65/SF
NOI
$82.7K $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%
$1,653,560
Cap Rate 7%
$1,181,114
Cap Rate 9%
$918,644
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,678 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$1.09M
$954.7K – $1.27M
NOI $76,377 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,234 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-kept four-unit property with 2BR/1BA layouts, separate coin-operated laundry, and covered carport parking.
Where is this quadplex located?
The property is located at 1745 Ross CIR San Jose, CA.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Built in 1963, well‑kept 4‑plex with four units in the Cambrian neighborhood of San Jose; Each unit offers a 2‑bedroom, 1‑bath layout and is approximately 920 SF; Unit 3 updated; Unit 4 recently updated with new flooring, new appliances, and freshly painted interiors
