Multifamily Property with Junior
345 N 21st St, San Jose, CA 95112
For Sale
New
$1,249,000
Separate living areas, battery-backed solar, and dedicated workspace add flexibility to the residential layout.
Property Size1,719 SF
Price / SF$726.59
Days on Market5
Property Features for 345 N 21st St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
solar panels
Tesla Powerwall
Back Yard
Fenced
Sprinklers - Auto
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Joshua A. Michaelian, Broker
Listed By:
Joshua A. Michaelian
(408) 887-2862
Source:
Hollisterrealty
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 4:26PM
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 Joshua A. Michaelian, Broker
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Investment Insights
Based on property information with market context.
This 1,719-square-foot property is configured as a 4-bedroom, 3-bathroom home, with potential to arrange a 2-bedroom, 1-bathroom main residence and a private 1-bedroom, 1-bathroom suite featuring its own kitchen and dining area. A separate junior ADU adds another 1-bedroom, 1-bathroom living space with a full kitchen, combined dining and living area, walk-in closet, and indoor laundry. The property also includes a detached finished garage and a separate office/workshop. Solar panels and a Tesla Powerwall provide on-site energy generation and battery backup. Extra parking is also noted. The property is in San Jose and is zoned R2.
Key Highlights
- 1,719‑square‑foot property with a 4‑bedroom, 3‑bathroom home
- Layout can accommodate a 2‑bedroom, 1‑bathroom main residence and a private 1‑bedroom, 1‑bathroom suite
- Separate junior ADU has a full kitchen, combined dining and living area, walk‑in closet, and indoor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,755
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,100
$715.1K
Cap Rate 7%
$510,786
$510.8K
Cap Rate 9%
$397,278
$397.3K
Market Conditions
NOI Build-Up for 1,719 SF
Gross rent
$68.1K $39.60/SF
− Vacancy
−$3.1K −$1.78/SF
EGI
$65.0K $37.82/SF
− OpEx
−$29.3K −$17.02/SF
NOI
$35.8K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,100
Cap Rate 7%
$510,786
Cap Rate 9%
$397,278
Alternative Uses
Best Use
Apartment 5plus
$510.8K
$446.9K – $595.9K
NOI $35,755 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.4K – $1.21M
NOI $72,671 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 95112, CA
60,754
Population
22,969
Households
2.6
Avg Household Size
33
Median Age
39%
College-Educated
82%
High-School Grad
7.3 sq mi
ZIP Area
8,322
Density / Sq Mi
$89,649
Median Household Income
$45,690
Median Earnings
$2,095
Median Rent
$956,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in San Jose, CA
Properties on Market for Multifamily properties in San Jose
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate living areas, battery-backed solar, and dedicated workspace add flexibility to the residential layout.
Where is this multifamily property located?
The property is located at 345 N 21st St San Jose, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1,719‑square‑foot property with a 4‑bedroom, 3‑bathroom home; Layout can accommodate a 2‑bedroom, 1‑bathroom main residence and a private 1‑bedroom, 1‑bathroom suite; Separate junior ADU has a full kitchen, combined dining and living area, walk‑in closet, and indoor laundry
