Duplex on a Large
New
For Sale
$1,698,000
2338-2340 Pauline DR, San Jose, CA 95124
Cambrian duplex offering two units, rental income flexibility, and access to Campbell, Los Gatos, and Silicon Valley employment centers.
Property Size2,395 SF
Days on Market6
Property Features for 2338-2340 Pauline DR
General Information
Standard status
Active
Size
2,395 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,395 SF
Year Built
1961
Listing Agency:
KW Bay Area Estates
Listed By:
Julie Wyss · License #01350871
(408) 455-9646
Source:
Lynnnorth
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 24 at 3:57PM
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 KW Bay Area Estates
Investment Insights
Based on property information with market context.
Built in 1961, this Cambrian duplex includes two residential units on a substantial lot in the 95124 area. The configuration supports several ownership approaches identified for the property, including an investment asset, an owner-occupied residence with rental income, or multi-generational living.
The property is positioned near Campbell and Los Gatos, with access to Downtown Campbell, The Pruneyard, shopping, dining, parks, and major commute routes. Silicon Valley employment centers are also within the surrounding area. Established neighborhoods and nearby schools add to the residential setting.
The property is positioned near Campbell and Los Gatos, with access to Downtown Campbell, The Pruneyard, shopping, dining, parks, and major commute routes. Silicon Valley employment centers are also within the surrounding area. Established neighborhoods and nearby schools add to the residential setting.
Key Highlights
- Two‑unit duplex configuration
- Substantial lot in Cambrian
- Built in 1961
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
$53,925
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
3.18%
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%
$1,078,500
$1.1M
Cap Rate 7%
$770,357
$770.4K
Cap Rate 9%
$599,167
$599.2K
Market Conditions
NOI Build-Up for 2,395 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
$80.5K $33.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$77.0K $32.17/SF
− OpEx
−$23.1K −$9.65/SF
NOI
$53.9K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,078,500
Cap Rate 7%
$770,357
Cap Rate 9%
$599,167
Alternative Uses
Best Use
Multifamily LT 5
$770.4K
$674.1K – $898.8K
NOI $53,925 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$711.7K
$622.7K – $830.3K
NOI $49,816 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,249 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Cambrian duplex offering two units, rental income flexibility, and access to Campbell, Los Gatos, and Silicon Valley employment centers.
Where is this duplex located?
The property is located at 2338-2340 Pauline DR San Jose, CA.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Substantial lot in Cambrian; Built in 1961
