Two-Bedroom Residential Income
New
For Sale
$360,000
3074 Oakbridge Dr 3074, San Jose, CA 95121
Mobile home in a senior community with access to shopping, dining, medical offices, and major freeways.
Property Size1,344 SF
Days on Market2
Property Features for 3074 Oakbridge Dr 3074
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Building Details
Building Size
1,344 SF
Year Built
1984
Construction
mobile home
Listed By:
Duc Le
(408) 644-1567
Source:
Elliman
Added: Sep 11
Last Checked: Sep 12 at 7:22AM
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 Duc Le
Investment Insights
Based on property information with market context.
This residential income property is a 1984-built mobile home with two bedrooms and two bathrooms. The residence is located within a senior mobile home community and offers a setting suited to comfortable residential living.
The property is at 3074 Oakbridge Dr 3074 in San Jose, California, with access to shopping, dining, medical offices, and major freeways. WalkScore is 13, BikeScore is 27, and TransitScore is 34, reflecting a car-dependent setting with some transit and bike access.
The property is at 3074 Oakbridge Dr 3074 in San Jose, California, with access to shopping, dining, medical offices, and major freeways. WalkScore is 13, BikeScore is 27, and TransitScore is 34, reflecting a car-dependent setting with some transit and bike access.
Key Highlights
- Two‑bedroom, two‑bathroom mobile home
- Built in 1984
- Located in a senior mobile home community
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
$27,955
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
7.77%
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%
$559,100
$559.1K
Cap Rate 7%
$399,357
$399.4K
Cap Rate 9%
$310,611
$310.6K
Market Conditions
NOI Build-Up for 1,344 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
$53.2K $39.60/SF
− Vacancy
−$2.4K −$1.78/SF
EGI
$50.8K $37.82/SF
− OpEx
−$22.9K −$17.02/SF
NOI
$28.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
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%
$559,100
Cap Rate 7%
$399,357
Cap Rate 9%
$310,611
Alternative Uses
Best Use
Apartment 5plus
$399.4K
$349.4K – $465.9K
NOI $27,955 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.7K
$710.2K – $947.0K
NOI $56,818 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 95121, CA
37,609
Population
9,918
Households
3.8
Avg Household Size
41
Median Age
34%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
8,548
Density / Sq Mi
$133,700
Median Household Income
$51,811
Median Earnings
$2,912
Median Rent
$1,024,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Mobile home in a senior community with access to shopping, dining, medical offices, and major freeways.
Where is this residential income property located?
The property is located at 3074 Oakbridge Dr 3074 San Jose, CA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom mobile home; Built in 1984; Located in a senior mobile home community
