Single-Story
New
For Sale
$948,000
2439 Clyda Dr, San Jose, CA 95116
Well-maintained duplex with separate utility metering and two light-filled residences.
Property Size1,400 SF
Price / SF$677.14
Days on Market2
Property Features for 2439 Clyda Dr
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Business Opportunity
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1961
Buildings
1
Stories
1
Listing Agency:
DPL Real Estate
Listed By:
David Lillo · License #01803836
(408) 621-5649
Source:
Homeisv
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:34AM
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 DPL Real Estate
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex at 2439 Clyda Drive includes two single-story residences, each with two bedrooms and one full bathroom. The homes feature open kitchens, gas cooktops, tile flooring, and abundant natural light. The residence at 2439 Clyda includes a gas cooktop and tile flooring, while 2441 Clyda adds stainless steel appliances, a separate dining area, and laminate flooring alongside tile. Each unit has its own electric and gas meter.
The property offers access to Highway 680, Highway 280, and Highway 101, with parks and shopping nearby. Built in 1961, the duplex combines a two-unit layout with individually metered utilities and practical residential finishes.
The property offers access to Highway 680, Highway 280, and Highway 101, with parks and shopping nearby. Built in 1961, the duplex combines a two-unit layout with individually metered utilities and practical residential finishes.
Key Highlights
- 1,400‑square‑foot duplex with two single‑story residences
- Each unit offers 2 bedrooms and 1 full bathroom
- Separate electric and gas meters for each residence
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
$31,522
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
3.33%
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%
$630,440
$630.4K
Cap Rate 7%
$450,314
$450.3K
Cap Rate 9%
$350,244
$350.2K
Market Conditions
NOI Build-Up for 1,400 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
$47.0K $33.60/SF
− Vacancy
−$2.0K −$1.43/SF
EGI
$45.0K $32.17/SF
− OpEx
−$13.5K −$9.65/SF
NOI
$31.5K $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%
$630,440
Cap Rate 7%
$450,314
Cap Rate 9%
$350,244
Alternative Uses
Best Use
Multifamily LT 5
$450.3K
$394.0K – $525.4K
NOI $31,522 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$845.5K
$739.8K – $986.4K
NOI $59,185 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
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?
Duplex - Well-maintained duplex with separate utility metering and two light-filled residences.
Where is this duplex located?
The property is located at 2439 Clyda Dr San Jose, CA.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: 1,400‑square‑foot duplex with two single‑story residences; Each unit offers 2 bedrooms and 1 full bathroom; Separate electric and gas meters for each residence
