Mixed-Use Corner Income
322-324 Willow Street San San Jose, CA 95110
322-324 Willow Street San, San Jose, CA, 95110
$1,300,000
For Sale
$1,300,000
Two connected parcels offer fully leased units with commercial space on Willow and residential units on Palm.
Property Size3,788 SF
Price / SF$343.19
Days on Market33
Property Features for 322-324 Willow Street San
General Information
- Standard status
- Active
- Size
- 3,788 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1912
Listing agency
Intero Real Estate Services
(408) 772-6139
Listed by
Peter Trinh
(408) 772-6139
Source
Kw
Added: Jun 20 Updated: Jul 21 at 10:51PM Checked: Jul 21 at 10:51PM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This corner income property includes two addresses, positioned at the intersection of Willow St and Palm St. The offering is described as fully leased, with owners maintaining the property. One building at 322–324 Willow St houses four tenants in commercial use.
The second building at 1002–1004 Palm St includes two residential units. The remarks note proximity to a bus stop and a nearby church.
Per the public information, 322–324 Willow St is described as approximately 2,402 square feet and 1002–1004 Palm St is described as approximately 1,386 square feet.
The second building at 1002–1004 Palm St includes two residential units. The remarks note proximity to a bus stop and a nearby church.
Per the public information, 322–324 Willow St is described as approximately 2,402 square feet and 1002–1004 Palm St is described as approximately 1,386 square feet.
Key Highlights
- Two connected parcels with fully leased units: commercial on Willow St and residential on Palm St
- 322‑324 Willow St: 4 tenants with approx. 2,402 SF, commercial use
- 1002‑1004 Palm St: 2 tenants with approx. 1,386 SF, residential units
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 | $127.3k | $33.60 |
| − Vacancy | −$5.4k | −$1.43 |
| EGI | $121.8k | $32.17 |
| − OpEx | −$36.6k | −$9.65 |
| NOI | $85.3k | $22.52 |
3,788 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,289 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$1.13M
$984.9K – $1.31M
NOI $78,790 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,138 @ 7.0% cap · market cap 12.32%
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 - Two connected parcels offer fully leased units with commercial space on Willow and residential units on Palm.
Where is this duplex located?
The property is located at 322-324 Willow Street San San Jose, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two connected parcels with fully leased units: commercial on Willow St and residential on Palm St; 322‑324 Willow St: 4 tenants with approx. 2,402 SF, commercial use; 1002‑1004 Palm St: 2 tenants with approx. 1,386 SF, residential units
