Updated Fourplex with
New
For Sale
$1,998,000
3330 Cabrillo Avenue, Santa Clara, CA 95051
Four-unit property with a balanced two-story layout, private outdoor areas, and resident laundry facilities.
Property Size3,596 SF
Price / SF$555.62
Days on Market6
Property Features for 3330 Cabrillo Avenue
General Information
Standard status
Active
Size
3,596 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,862
Amenities
on site community laundry
Building Details
Year Built
1977
Listing Agency:
DPL Real Estate
(408) 621-5649
Listed By:
David Lillo · License #01803836
(408) 621-5649
Source:
Exitrealty
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 11 at 5:55AM
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.
This 3,596-square-foot fourplex contains four private residences arranged across two levels, with two units on the ground floor and two above. Three units have been updated. The property includes four private carports, on-site community laundry, and separate electric and gas meters for each unit. One lower-level residence has its own yard, while an upper-level residence includes a private balcony.
The property is located in Santa Clara near Machado Park, El Camino Real, and Lawrence Expressway. Shopping, dining, parks, trails, and schools are nearby, with access to expressways and highways. The building was constructed in 1977 and offers proximity to employers throughout Silicon Valley.
The property is located in Santa Clara near Machado Park, El Camino Real, and Lawrence Expressway. Shopping, dining, parks, trails, and schools are nearby, with access to expressways and highways. The building was constructed in 1977 and offers proximity to employers throughout Silicon Valley.
Key Highlights
- Fourplex with 3,596 SF and four private residences
- Two ground‑floor units and two second‑floor units
- Three of four units have been updated
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
$76,685
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
3.84%
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%
$1,533,700
$1.5M
Cap Rate 7%
$1,095,500
$1.1M
Cap Rate 9%
$852,056
$852.1K
Market Conditions
NOI Build-Up for 3,596 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
$114.4K $31.80/SF
− Vacancy
−$4.8K −$1.34/SF
EGI
$109.5K $30.46/SF
− OpEx
−$32.9K −$9.14/SF
NOI
$76.7K $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%
$1,533,700
Cap Rate 7%
$1,095,500
Cap Rate 9%
$852,056
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.6K – $1.28M
NOI $76,685 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$971.6K
$850.1K – $1.13M
NOI $68,009 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,967 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
915
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 property with a balanced two-story layout, private outdoor areas, and resident laundry facilities.
Where is this quadplex located?
The property is located at 3330 Cabrillo Avenue Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Fourplex with 3,596 SF and four private residences; Two ground‑floor units and two second‑floor units; Three of four units have been updated
