Single-Story Quadplex with Private
For Sale
$2,288,888
Pending
3260 Homestead Road, Santa Clara, CA 95051
Four-unit residential property with refreshed interiors, multiple parking options, and private outdoor areas.
Property Size3,447 SF
Days on Market192
Property Features for 3260 Homestead Road
General Information
Standard status
Pending
Size
3,447 SF
Total Parking Spaces
6
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,382
Amenities
granite countertops
stainless steel appliances
laminate flooring
double pane windows
AC wall units
crown molding
new decks
private backyards
in-unit laundry
community laundry
fruit trees
Building Details
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
DPL Real Estate
(408) 621-5649
Listed By:
David Lillo · License #01803836
(408) 621-5649
Source:
Exitrealty
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
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 DPL Real Estate
Investment Insights
Based on property information with market context.
Built in 1964, this 3,447-square-foot single-story quadplex includes four residential units with varied layouts and outdoor features. Three units offer updated kitchens with granite countertops, stainless steel appliances, and expanded cabinet storage; three also have renovated bathroom vanities and laminate flooring. Three units include in-unit laundry, while the remaining unit uses a community laundry area. Unit 4 features three bedrooms, two full bathrooms, separate living and family rooms, and an open dining area overlooking the backyard.
The property provides two private garages, two carport spaces, and two additional off-street parking spaces. Two units have private backyards with new decks, and one yard includes a storage/playhouse/chicken coop structure. Double-pane windows and sliding glass doors, wall-mounted AC units, crown molding, and mature grapefruit, lemon, and apricot trees are included. Located at 3260 Homestead Road in Santa Clara, the property is near Apple Park, Kaiser, shopping centers, Main Santa Clara City Library, Central Park, schools, and regional highways.
The property provides two private garages, two carport spaces, and two additional off-street parking spaces. Two units have private backyards with new decks, and one yard includes a storage/playhouse/chicken coop structure. Double-pane windows and sliding glass doors, wall-mounted AC units, crown molding, and mature grapefruit, lemon, and apricot trees are included. Located at 3260 Homestead Road in Santa Clara, the property is near Apple Park, Kaiser, shopping centers, Main Santa Clara City Library, Central Park, schools, and regional highways.
Key Highlights
- Four‑unit, single‑story quadplex totaling 3,447 SF
- Built in 1964 with two private garages, two carport spaces, and two additional off‑street parking spaces
- Three units feature updated kitchens with granite countertops and stainless steel appliances
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
$73,508
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
3.21%
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%
$1,470,160
$1.5M
Cap Rate 7%
$1,050,114
$1.1M
Cap Rate 9%
$816,756
$816.8K
Market Conditions
NOI Build-Up for 3,447 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
$109.6K $31.80/SF
− Vacancy
−$4.6K −$1.34/SF
EGI
$105.0K $30.46/SF
− OpEx
−$31.5K −$9.14/SF
NOI
$73.5K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /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%
$1,470,160
Cap Rate 7%
$1,050,114
Cap Rate 9%
$816,756
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.9K – $1.23M
NOI $73,508 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$931.3K
$814.9K – $1.09M
NOI $65,191 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,670 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 95051, CA
61,466
Population
25,152
Households
2.4
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
9,313
Density / Sq Mi
$185,632
Median Household Income
$107,905
Median Earnings
$3,054
Median Rent
$1,623,600
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?
Quadplex - Four-unit residential property with refreshed interiors, multiple parking options, and private outdoor areas.
Where is this quadplex located?
The property is located at 3260 Homestead Road Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,288,888.
What are key features of this property?
This property features: Four‑unit, single‑story quadplex totaling 3,447 SF; Built in 1964 with two private garages, two carport spaces, and two additional off‑street parking spaces; Three units feature updated kitchens with granite countertops and stainless steel appliances
