Gated Community Two-Bedroom
For Sale
$490,000
20-4271 N 1st St, San Jose, CA 95113
Gated Oakcrest Estates home with central air, a rare two-car garage, and a detached office/art studio.
Property Size1,680 SF
Price / SF$291.67
Days on Market68
Property Features for 20-4271 N 1st St
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Listing Agency:
BRG Realty
(408) 558-3600
Listed By:
Lawrence Gillen · License #01193237
(408) 472-5582
Source:
Exprealty
Added: Jul 1
Changed: Sep 4
Last Checked: Sep 5 at 12:19PM
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 BRG Realty
Investment Insights
Based on property information with market context.
Spacious 1,680 sq. ft. home in the Oakcrest Estates gated community offers 2 bedrooms and 2 bathrooms, plus a rare 2-car garage. A detached office/art studio/hobby room adds extra flexibility within the property.
Inside, the home is equipped with central air conditioning and numerous quality upgrades. The remodeled kitchen features updated cabinetry with soft-close drawers and doors, updated countertops, luxury vinyl plank flooring, a Frigidaire Professional microwave/convection oven, Bosch dishwasher, Kenmore 5-burner cooktop, Broan range hood, and GE refrigerator. Additional improvements include new bedroom carpets, a brand-new roof, a newer water heater, an upgraded electrical panel, Milgard dual-pane windows, newer washer and dryer, and fresh exterior paint.
Oakcrest Estates is conveniently located near Highways 237, 880, and 101, with access to shopping, dining, and major Silicon Valley employers cited in the seller’s remarks, including Samsung, Google, NVIDIA, ServiceNow, Intel, Amazon, and LinkedIn.
Inside, the home is equipped with central air conditioning and numerous quality upgrades. The remodeled kitchen features updated cabinetry with soft-close drawers and doors, updated countertops, luxury vinyl plank flooring, a Frigidaire Professional microwave/convection oven, Bosch dishwasher, Kenmore 5-burner cooktop, Broan range hood, and GE refrigerator. Additional improvements include new bedroom carpets, a brand-new roof, a newer water heater, an upgraded electrical panel, Milgard dual-pane windows, newer washer and dryer, and fresh exterior paint.
Oakcrest Estates is conveniently located near Highways 237, 880, and 101, with access to shopping, dining, and major Silicon Valley employers cited in the seller’s remarks, including Samsung, Google, NVIDIA, ServiceNow, Intel, Amazon, and LinkedIn.
Key Highlights
- 1,680 sq. ft. home in the gated Oakcrest Estates community of North San Jose
- 2 bedrooms and 2 bathrooms with a rare 2‑car garage plus a detached office/art studio/hobby room
- Central air conditioning
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
$34,944
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
7.13%
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%
$698,880
$698.9K
Cap Rate 7%
$499,200
$499.2K
Cap Rate 9%
$388,267
$388.3K
Market Conditions
NOI Build-Up for 1,680 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
$66.5K $39.60/SF
− Vacancy
−$3.0K −$1.78/SF
EGI
$63.5K $37.82/SF
− OpEx
−$28.6K −$17.02/SF
NOI
$34.9K $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 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%
$698,880
Cap Rate 7%
$499,200
Cap Rate 9%
$388,267
Alternative Uses
Best Use
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,944 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.8K – $1.18M
NOI $71,022 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 95113, CA
2,658
Population
1,850
Households
1.4
Avg Household Size
35
Median Age
67%
College-Educated
88%
High-School Grad
0.3 sq mi
ZIP Area
8,860
Density / Sq Mi
$140,938
Median Household Income
$101,706
Median Earnings
$2,914
Median Rent
$953,100
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?
Mobile home & RV park - Gated Oakcrest Estates home with central air, a rare two-car garage, and a detached office/art studio.
Where is this mobile home & rv park located?
The property is located at 20-4271 N 1st St San Jose, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,680 sq. ft. home in the gated Oakcrest Estates community of North San Jose; 2 bedrooms and 2 bathrooms with a rare 2‑car garage plus a detached office/art studio/hobby room; Central air conditioning
