Mixed-Use Warehouse and
For Sale
$1,500,000
194 S 24th Street, San Jose, CA 95116
ResidentialIncome, Traditional, SanJose, CA
Property Size3,656 SF
Lot Size0.24 Acres
Price / SF$410.28
Days on Market136
Property Features for 194 S 24th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Parking features
On Street
Appliances
ExhaustFan, GarbageDisposal, OvenRangeGas
Elementary school
SanJoseUnified
Middle school
CastilleroMiddle
High school
SanJoseUnified
Elementary school district
SanJoseUnified
High school district
SanJoseUnified
Directions
corner of San Antonio & 24th street.
Subdivision
CentralSanJose
Standard status
Active
APN
467-35-073
Size
3,656 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
14042
Utilities
Heating system
Forced Air, Central
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Tile, Linoleum
Roof type
Tile
Architectural style
Other
Listing Agency:
KW Bay Area Estates · Keller Williams Realty
(408) 560-9000
Listed By:
Lisa Leung · License #00600854
(408) 835-8866
Added: Jun 11
Changed: Oct 21
Last Checked: Oct 24 at 1:06AM
MLS# ML82046878
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.
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Investment Insights
Based on property information with market context.
This property combines a spacious single-family residence and a separate commercial warehouse on one lot. The main home provides approximately 1,300 square feet of remodeled living space, with almost all new dual pane windows, fresh interior and exterior paint, and new flooring throughout. The updated kitchen includes new quartz finishes, a gas range, and an exhaust fan. Both bathrooms have been newly updated, and a laundry room sits just off the kitchen. Comfort features include central forced air heating, and the property also includes a detached one-car garage.
A detached commercial building totaling approximately 3,400 square feet provides additional space for a variety of potential uses. The property is listed as C1 zoned, and buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to confirm any development or use potential.
For tenants, buyers, or operators seeking a live-and-work configuration, the split setup supports different day-to-day needs between the residence and the warehouse. The warehouse component also provides room to accommodate flexible commercial or light industrial arrangements, subject to confirmation of permitted uses under the applicable zoning and local requirements.
A detached commercial building totaling approximately 3,400 square feet provides additional space for a variety of potential uses. The property is listed as C1 zoned, and buyers should verify zoning, permitted uses, and all square footage with the appropriate city and county departments to confirm any development or use potential.
For tenants, buyers, or operators seeking a live-and-work configuration, the split setup supports different day-to-day needs between the residence and the warehouse. The warehouse component also provides room to accommodate flexible commercial or light industrial arrangements, subject to confirmation of permitted uses under the applicable zoning and local requirements.
Key Highlights
- Remodeled single‑family home with approx. 1,300 sq ft living space on a 10,484 sq ft lot
- Almost all new dual pane windows (two fixed windows excluded), plus fresh interior and exterior paint and new flooring
- Updated kitchen with quartz finishes, gas range, and exhaust fan; includes laundry room off the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,044
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,880
$1.5M
Cap Rate 7%
$1,086,343
$1.1M
Cap Rate 9%
$844,933
$844.9K
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$144.8K $39.60/SF
− Vacancy
−$6.5K −$1.78/SF
EGI
$138.3K $37.82/SF
− OpEx
−$62.2K −$17.02/SF
NOI
$76.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,880
Cap Rate 7%
$1,086,343
Cap Rate 9%
$844,933
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,044 @ 7.0% cap · market cap 5.07%
Second Best
Mixed Use
$1.08M
$946.0K – $1.26M
NOI $75,679 @ 7.0% cap · market cap 5.05%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,174
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled residence plus a separate commercial warehouse on one C1-zoned lot offers flexible owner-operator or redevelopment options.
Where is this mixed-use property located?
The property is located at 194 S 24th Street 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 single‑family home with approx. 1,300 sq ft living space on a 10,484 sq ft lot; Almost all new dual pane windows (two fixed windows excluded), plus fresh interior and exterior paint and new flooring; Updated kitchen with quartz finishes, gas range, and exhaust fan; includes laundry room off the kitchen
