Industrial Warehouse with Residential
194 S 24th ST, San Jose, CA 95116
New
MULTI_FAMILY - SAN JOSE, CA
Property size:
3,656 SFLot size:
0.24 AcresPrice / SF:
$410/SF- Added:
- Jun 12, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 13 at 2:06 pm
Property Features for 194 S 24th ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C1
- Bedrooms
- 3
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3
- Parking features
- On Street, Garage - Detached
- Appliances
- Countertop - Solid Surface / Corian, Exhaust Fan, Garbage Disposal, Hookups - Gas, Oven Range - Gas
- Standard status
- Active
- Size
- 3,656 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Central, Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
- Flooring type
- Tile, Linoleum
- Building materials
- Wood Frame
- Roof type
- Tile
- Architectural style
- Other
Listing agent Lisa Leung License #00600854 (408) 835-8866
Listing office KW Bay Area Estates 16780-A Lark Avenue, Los Gatos, CA (408) 560-9000
Listing date Jun 12, 2026
MLS# ML82046878
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.
HighLights
- Remodeled 1,300 SF single‑family home on a 10,484 SF lot, plus an approximately 3,400 SF commercial warehouse building
- Almost all new dual‑pane windows (two fixed windows excluded), with fresh interior and exterior paint and new flooring throughout
- Updated kitchen with new finishes, gas range, and exhaust fan; laundry room just off the kitchen
- Both bathrooms newly updated; central forced‑air heating
- Detached one‑car garage plus on‑street parking; roof is tile
- Utilities include public water; property includes appliances such as electric oven range and exhaust fan
Overview
This offering combines a remodeled single-family residence with a separate commercial warehouse on one lot at 194 S 24th St, San Jose, CA 95116. The main home provides approximately 1,300 sq ft of living space and features almost all new dual-pane windows (two fixed windows excluded), fresh interior and exterior paint, and new flooring throughout. The updated kitchen includes new finishes, a gas range, and an exhaust fan, with a convenient laundry room located just off the kitchen. Both bathrooms have been newly updated, and the home is served by central forced-air heating, along with a detached one-car garage.
A separate commercial building on the property is approximately 3,400 sq ft and provides space for multiple potential uses. The property is zoned C1. Buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to satisfy themselves regarding development or use potential.
For buyers looking for an owner-occupied setup or a consolidated asset with both residential and commercial space, this configuration may offer practical flexibility. Seller also indicates a 1031 exchange cooperation, with no cost or liability to the buyer.
A separate commercial building on the property is approximately 3,400 sq ft and provides space for multiple potential uses. The property is zoned C1. Buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to satisfy themselves regarding development or use potential.
For buyers looking for an owner-occupied setup or a consolidated asset with both residential and commercial space, this configuration may offer practical flexibility. Seller also indicates a 1031 exchange cooperation, with no cost or liability to the buyer.
Local Financial Insights For Apartment 5plus
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 | $144.8k | $39.60 |
| − Vacancy | −$6.5k | −$1.78 |
| EGI | $138.3k | $37.82 |
| − OpEx | −$62.2k | −$17.02 |
| NOI | $76.0k | $20.80 |
3,656 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,044 @ 7.0% cap · market cap 5.07%
Second Best
Warehouse
$1.06M
$926.2K – $1.23M
NOI $74,099 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,558 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Perfect Floors & Remnant ...
General Contractor
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Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.864757
- Latitude
- 37.344354
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Remodeled single-family home plus a separate commercial warehouse on a single C1-zoned lot, suited for flexible ownership.
Where is this warehouse located?
The property is located at 194 S 24th ST San Jose, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Remodeled 1,300 SF single‑family home on a 10,484 SF lot, plus an approximately 3,400 SF commercial warehouse building; Almost all new dual‑pane windows (two fixed windows excluded), with fresh interior and exterior paint and new flooring throughout; Updated kitchen with new finishes, gas range, and exhaust fan; laundry room just off the kitchen
