Remodeled Duplex with
For Sale
$888,000
270 Oakland Ave, San Jose, CA 95116
Two separately metered units offer private parking, distinct household layouts, and recent improvements.
Property Size1,632 SF
Price / SF$544.12
Days on Market14
Property Features for 270 Oakland Ave
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Graham King, Broker
(510) 746-8240
Listed By:
Graham King · License #02082934
(510) 746-8240
Source:
Exitrealty
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 12 at 5:05AM
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 Graham King, Broker
Investment Insights
Based on property information with market context.
This 1,632-square-foot duplex, built in 1960, contains two 2-bedroom, 1-bath units with separate household layouts. Each residence has an attached garage, driveway parking, and independent gas and electric meters. Recent property improvements include a new roof, garage doors, and interior paint. The front residence is vacant and has received a new kitchen, bathroom, flooring, and water heater. The rear residence is occupied by a long-term tenant under a month-to-month lease.
The property is located in San Jose’s Mayfair neighborhood near Mexican Heritage Plaza, Mayfair Park, neighborhood schools, and the retail and dining corridor along Alum Rock Avenue. Access to 101, 280, and 680 is nearby, with Berryessa BART a short drive away. The surrounding area also includes Emma Prusch Farm Park and Rancho del Pueblo golf course.
The property is located in San Jose’s Mayfair neighborhood near Mexican Heritage Plaza, Mayfair Park, neighborhood schools, and the retail and dining corridor along Alum Rock Avenue. Access to 101, 280, and 680 is nearby, with Berryessa BART a short drive away. The surrounding area also includes Emma Prusch Farm Park and Rancho del Pueblo golf course.
Key Highlights
- 1,632 SF duplex built in 1960
- Two 2‑bedroom, 1‑bath units with separate layouts
- Attached garage and driveway parking for each unit
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
$36,746
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
4.14%
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%
$734,920
$734.9K
Cap Rate 7%
$524,943
$524.9K
Cap Rate 9%
$408,289
$408.3K
Market Conditions
NOI Build-Up for 1,632 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
$54.8K $33.60/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$52.5K $32.17/SF
− OpEx
−$15.7K −$9.65/SF
NOI
$36.7K $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%
$734,920
Cap Rate 7%
$524,943
Cap Rate 9%
$408,289
Alternative Uses
Best Use
Multifamily LT 5
$524.9K
$459.3K – $612.4K
NOI $36,746 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$484.9K
$424.3K – $565.8K
NOI $33,945 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$985.6K
$862.4K – $1.15M
NOI $68,993 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
867
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 - Two separately metered units offer private parking, distinct household layouts, and recent improvements.
Where is this duplex located?
The property is located at 270 Oakland Ave San Jose, CA.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: 1,632 SF duplex built in 1960; Two 2‑bedroom, 1‑bath units with separate layouts; Attached garage and driveway parking for each unit
