Seven-Unit Apartment
For Sale
$2,639,950
2145 Randolph Drive, San Jose, CA 95128
Seven 1BR/1BA apartments totaling 3,740 SF on a 6,600 SF parcel with upgraded secured entry and gate.
Property Size3,740 SF
Price / SF$705.87
Days on Market245
Property Features for 2145 Randolph Drive
General Information
Standard status
Active
Size
3,740 SF
Total Parking Spaces
7
Property subtype
5+ Units / Five or More Units
Net Operating Income
$112,142
Amenities
Other, Baseboard
Building Details
Year Built
1957
Listing Agency:
Compass
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Compass
Added: Feb 6
Changed: Oct 8
Last Checked: Oct 7 at 3:21PM
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 Compass
Investment Insights
Based on property information with market context.
2145 Randolph Drive is a 7-unit multifamily property with all units configured as 1BR/1BA. The building totals 3,740 SF on a 6,600 SF parcel. Current monthly contract income is $14,383, and the remarks cite 9.50% upside to market. Recent capital improvements include upgraded electrical, dual-pane windows, and an upgraded secured entrance and gate.
Residents have 1:1 on-site parking, on-site laundry, storage units, and security cameras. The property is centrally located with convenient access to Highways 280, 880, and 17, and is approximately 0.8 miles from the Fruitdale VTA Light Rail Station.
Additional walk, bike, and transit scores are reported as walkScore 55 (somewhat walkable), bikeScore 55 (bikeable), and transitScore 47 (some transit).
Residents have 1:1 on-site parking, on-site laundry, storage units, and security cameras. The property is centrally located with convenient access to Highways 280, 880, and 17, and is approximately 0.8 miles from the Fruitdale VTA Light Rail Station.
Additional walk, bike, and transit scores are reported as walkScore 55 (somewhat walkable), bikeScore 55 (bikeable), and transitScore 47 (some transit).
Key Highlights
- 7‑unit multifamily in West San Jose built in 1957
- All units are 1BR/1BA totaling 3,740 SF on a 6,600 SF parcel
- Current monthly contract income of $14,383 with 9.50% upside to market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,792
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,840
$1.6M
Cap Rate 7%
$1,111,314
$1.1M
Cap Rate 9%
$864,356
$864.4K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$148.1K $39.60/SF
− Vacancy
−$6.7K −$1.78/SF
EGI
$141.4K $37.82/SF
− OpEx
−$63.6K −$17.02/SF
NOI
$77.8K $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%
$1,555,840
Cap Rate 7%
$1,111,314
Cap Rate 9%
$864,356
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$972.4K – $1.30M
NOI $77,792 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,109 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven 1BR/1BA apartments totaling 3,740 SF on a 6,600 SF parcel with upgraded secured entry and gate.
Where is this apartment building located?
The property is located at 2145 Randolph Drive San Jose, CA.
What is the asking price?
The asking price for this property is $2,639,950.
What are key features of this property?
This property features: 7‑unit multifamily in West San Jose built in 1957; All units are 1BR/1BA totaling 3,740 SF on a 6,600 SF parcel; Current monthly contract income of $14,383 with 9.50% upside to market
