Residential Income Property with
For Sale
$419,000
Pending
23-5770 Winfield Blvd, San Jose, CA 95123
Three-bedroom home in an all-age community with laminate flooring and included kitchen appliances.
Property Size1,305 SF
Days on Market28
Property Features for 23-5770 Winfield Blvd
General Information
Standard status
Pending
Size
1,305 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Alliance Manufactured Homes Inc
(408) 463-6542
Listed By:
Alex Ching · License #01913661
(408) 463-6542
Source:
Exprealty
Added: Jul 16
Changed: Aug 2
Last Checked: Aug 11 at 11:02AM
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 Alliance Manufactured Homes Inc
Investment Insights
Based on property information with market context.
This 2007 Silvercrest home offers three bedrooms and two bathrooms within Imperial Estates, an all-age residential community. Laminate flooring runs throughout the home, and the sale includes all kitchen appliances. The property also includes approximately 1,300 square feet of living area.
Positioned toward the rear of the community, the home sits beside RV storage on Winfield Blvd in San Jose. Its location within the community provides separation from the main areas while retaining access to the surrounding residential setting.
Positioned toward the rear of the community, the home sits beside RV storage on Winfield Blvd in San Jose. Its location within the community provides separation from the main areas while retaining access to the surrounding residential setting.
Key Highlights
- 2007 Silvercrest home with 3 bedrooms and 2 baths
- Approximately 1,300 square feet of living area
- All kitchen appliances included with the sale
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
$26,860
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
6.41%
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%
$537,200
$537.2K
Cap Rate 7%
$383,714
$383.7K
Cap Rate 9%
$298,444
$298.4K
Market Conditions
NOI Build-Up for 1,305 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
$51.7K $39.60/SF
− Vacancy
−$2.8K −$2.18/SF
EGI
$48.8K $37.42/SF
− OpEx
−$22.0K −$16.84/SF
NOI
$26.9K $20.58/SF
Area
ZIP 95123
Vacancy
5.50%
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%
$537,200
Cap Rate 7%
$383,714
Cap Rate 9%
$298,444
Alternative Uses
Best Use
Apartment 5plus
$383.7K
$335.8K – $447.7K
NOI $26,860 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$415.6K
$363.6K – $484.9K
NOI $29,091 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 95123, CA
70,040
Population
25,023
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
8,979
Density / Sq Mi
$136,364
Median Household Income
$64,536
Median Earnings
$2,953
Median Rent
$1,108,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom home in an all-age community with laminate flooring and included kitchen appliances.
Where is this residential income property located?
The property is located at 23-5770 Winfield Blvd San Jose, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 2007 Silvercrest home with 3 bedrooms and 2 baths; Approximately 1,300 square feet of living area; All kitchen appliances included with the sale
