Building Details

Building Size 3,014 SF

Year Built 1963

Listing Agency: PHP Group

Listed By: Tam Nguyen Show Phone

Source: Kw

Added: Mar 1 Changed: Oct 16 Last Checked: Oct 16 at 8:06AM

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Investment Insights

Based on property information with market context.

This fourplex contains 3,014 square feet of living space on a 7,150-square-foot lot, with four residences configured as two-bedroom, one-bath units. Three units are occupied, while the remaining residence is vacant. The property was built in 1963 and includes wall furnaces, public water and utilities, shingle exterior materials, and a detached four-car garage for off-street parking.

Located on Pearl Avenue in San Jose, the property offers access to major highways and freeways, along with proximity to supermarkets, restaurants, and big-box retailers. The vacant unit can be toured and provides flexibility for a new resident or owner occupancy.

Key Highlights

• Four‑unit layout with four 2‑bedroom, 1‑bath residences
• 3,014 square feet of living space on a 7,150‑square‑foot lot
• Three units occupied; one unit vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,862

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,357,240 $1.4M

Cap Rate 7%

$969,457 $969.5K

Cap Rate 9%

$754,022 $754.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,014 SF

Gross rent

$101.3K $33.60/SF

− Vacancy

−$4.3K −$1.43/SF

EGI

$96.9K $32.17/SF

− OpEx

−$29.1K −$9.65/SF

NOI

$67.9K $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 Rate 5%

$1,357,240

Cap Rate 7%

$969,457

Cap Rate 9%

$754,022

Alternative Uses

Best Use

Multifamily LT 5

$969.5K

$848.3K – $1.13M (±1% cap)

NOI $67,862 @ 7.0% cap · market cap 4.49%

Second Best

Apartment 5plus

$895.6K

$783.6K – $1.04M (±1% cap)

NOI $62,691 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,417 @ 7.0% cap · market cap 8.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Dental Office Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

585

Businesses Nearby

Explore this area Business Placement

Demographics for 95136, CA

45,971

Population

16,535

Households

2.8

Avg Household Size

38

Median Age

46%

College-Educated

88%

High-School Grad

5.2 sq mi

ZIP Area

8,841

Density / Sq Mi

$143,696

Median Household Income

$69,894

Median Earnings

$2,750

Median Rent

$1,104,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential property with one vacant residence and detached off-street parking.

Where is this quadplex located?

The property is located at 3097 Pearl Avenue San San Jose, CA.

What is the asking price?

The asking price for this property is $1,510,000.

What are key features of this property?

This property features: Four‑unit layout with four 2‑bedroom, 1‑bath residences; 3,014 square feet of living space on a 7,150‑square‑foot lot; Three units occupied; one unit vacant