Fourplex with Renovated
240 Richfield Dr San Jose, CA 95129
240 Richfield Dr, San Jose, CA, 95129
$2,399,000
For Sale
$2,399,000
Turnkey fourplex with two 2BR/1BA and two 3BR/2BA renovated units.
Property Size4,086 SF
Price / SF$587.13
Days on Market27
Property Features for 240 Richfield Dr
General Information
- Standard status
- Active
- Size
- 4,086 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Flat Rate Realty
(510) 890-8028
Listed by
John Kirkish · License #02070987
(510) 890-8028
Source
Exitrealty
Added: Jun 27 Updated: Jul 21 at 2:35PM Checked: Jul 22 at 8:18AM
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 Flat Rate Realty
Investment Insights
Based on property information with market context.
This fourplex features four renovated residential units, including two 2-bedroom/1-bath apartments and two 3-bedroom/2-bath apartments. Renovations include remodeled kitchens, updated baths, quality flooring, and modern finishes throughout. The building is described as meticulously maintained with minimal deferred maintenance.
The property is in the Cupertino School District, serving Cupertino High, Hyde Middle, and De Vargas Elementary. It is also described as being located minutes from Apple Park and major Silicon Valley employers including Apple, NVIDIA, Google, and Netflix.
For-sale opportunity to own a fully renovated four-unit income property with a mix of unit sizes (2BR/1BA and 3BR/2BA) and consistent interior upgrades across all units.
The property is in the Cupertino School District, serving Cupertino High, Hyde Middle, and De Vargas Elementary. It is also described as being located minutes from Apple Park and major Silicon Valley employers including Apple, NVIDIA, Google, and Netflix.
For-sale opportunity to own a fully renovated four-unit income property with a mix of unit sizes (2BR/1BA and 3BR/2BA) and consistent interior upgrades across all units.
Key Highlights
- Fourplex built in 1965 with four renovated units: two 2BR/1BA and two 3BR/2BA
- All units have remodeled kitchens and updated baths, plus quality flooring and modern finishes
- Located in the Cupertino School District (Cupertino High, Hyde Middle, and De Vargas Elementary)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.3k | $33.60 |
| − Vacancy | −$5.9k | −$1.43 |
| EGI | $131.4k | $32.17 |
| − OpEx | −$39.4k | −$9.65 |
| NOI | $92.0k | $22.52 |
4,086 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,999 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,988 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,736 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey fourplex with two 2BR/1BA and two 3BR/2BA renovated units.
Where is this quadplex located?
The property is located at 240 Richfield Dr San Jose, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Fourplex built in 1965 with four renovated units: two 2BR/1BA and two 3BR/2BA; All units have remodeled kitchens and updated baths, plus quality flooring and modern finishes; Located in the Cupertino School District (Cupertino High, Hyde Middle, and De Vargas Elementary)
