Residential Income Duplex
308 N Vanderhurst Avenue King City, CA 93930
New
308 N Vanderhurst Avenue, King City, CA, 93930
$825,000
For Sale
$825,000
Three rental units are situated on a 9,500 SF lot, including two 1-bedroom/1-bath garages plus carport and driveway parking.
Property Size1,824 SF
Price / SF$452.30
Days on Market2
Property Features for 308 N Vanderhurst Avenue
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
Lynnie O Real Estate
(831) 235-1946
Listed by
Lynette Oliveira · License #00645576
(831) 235-1946
Source
Exitrealty
Added: Jul 20 Updated: Jul 21 at 4:36PM Checked: Jul 21 at 4:36PM
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 Lynnie O Real Estate
Investment Insights
Based on property information with market context.
This residential income property features a mix of units configured for long-term occupancy. The front unit offers 722 SF with 2 bedrooms and 1 bathroom, hardwood floors, storage, and a rear patio, along with a carport and a storage building with laundry. A long driveway provides access to a well-maintained duplex, with two separate 598 SF units, each offering 1 bedroom and 1 bathroom, hardwood and linoleum flooring, a 1-car garage, and parking for two additional vehicles per unit.
The property is located in King City near schools, shopping, and downtown, and sits on a large 9,500 SF lot. The seller has maintained the property responsibly, and the roof is described as brand new.
Overall, the improvements include garages, additional off-street parking, and on-site laundry facilities within the storage building serving the front unit.
The property is located in King City near schools, shopping, and downtown, and sits on a large 9,500 SF lot. The seller has maintained the property responsibly, and the roof is described as brand new.
Overall, the improvements include garages, additional off-street parking, and on-site laundry facilities within the storage building serving the front unit.
Key Highlights
- Three rental units on a 9,500 SF lot in King City, built in 1958
- Front unit: 722 SF, 2 bed/1 bath with hardwood floors, rear patio, carport, and storage building with laundry
- Each rear unit is 598 SF with 1 bed/1 bath, hardwood and linoleum flooring
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 | $46.6k | $25.56 |
| − Vacancy | −$1.1k | −$0.61 |
| EGI | $45.5k | $24.95 |
| − OpEx | −$13.7k | −$7.49 |
| NOI | $31.9k | $17.47 |
1,824 SF · lease $25.56/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$455.1K
$398.2K – $531.0K
NOI $31,858 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$419.2K
$366.8K – $489.1K
NOI $29,344 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$696.5K
$609.4K – $812.5K
NOI $48,752 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three rental units are situated on a 9,500 SF lot, including two 1-bedroom/1-bath garages plus carport and driveway parking.
Where is this duplex located?
The property is located at 308 N Vanderhurst Avenue King City, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three rental units on a 9,500 SF lot in King City, built in 1958; Front unit: 722 SF, 2 bed/1 bath with hardwood floors, rear patio, carport, and storage building with laundry; Each rear unit is 598 SF with 1 bed/1 bath, hardwood and linoleum flooring
