R3 Triplex with Large
362 S Willard Avenue San Jose, CA 95126
For Sale
$1,195,000
Pending
Three-unit residential income property with R3 zoning on an 11,782 sq ft lot.
Property Size2,289 SF
Lot Size0.27 Acres
Days on Market61
Property Features for 362 S Willard Avenue
General Information
- Standard status
- Pending
- Size
- 2,289 SF
- Lot size
- 0.27 Acres
- Property subtype
- Lots/Land
Listing Agency:
Coldwell Banker Realty
(408) 506-4017
Listed By:
Brian Kiernan · License #01487861
(408) 506-4017
Source:
Exitrealty
Added: May 25
Changed: Jul 21
Last Checked: Jul 23 at 7:02AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property is a three-unit residential income building configured as Unit A (2 bed, 1 bath, 1,091 sq ft), Unit B (1 bed, 1 bath, 464 sq ft), and Unit C (2 bed, 1 bath, 734 sq ft). The original duplex configuration has been adapted to create three habitable rental units, and the grounds are set on a large lot with mature trees and space suitable for garden beds.
A long driveway provides access to the rear portion of the 11,782 sq ft lot. The property is situated in central San Jose, with access to West San Jose amenities and attractions, including Buena Vista Park and shopping and dining along Santa Row and Valley Fair. It also offers easy access to Caltrain and VTA light rail at Diridon Station, as well as nearby activity in the areas around The Shark Tank, San Pedro Square, and Downtown San Jose.
A long driveway provides access to the rear portion of the 11,782 sq ft lot. The property is situated in central San Jose, with access to West San Jose amenities and attractions, including Buena Vista Park and shopping and dining along Santa Row and Valley Fair. It also offers easy access to Caltrain and VTA light rail at Diridon Station, as well as nearby activity in the areas around The Shark Tank, San Pedro Square, and Downtown San Jose.
Key Highlights
- Three rental units on an 11,782 sq ft lot, zoned R3
- Unit A: 2 bed, 1 bath, 1,091 sq ft
- Unit B: 1 bed, 1 bath, 464 sq ft
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 | $76.9k | $33.60 |
| − Vacancy | −$3.3k | −$1.43 |
| EGI | $73.6k | $32.17 |
| − OpEx | −$22.1k | −$9.65 |
| NOI | $51.5k | $22.52 |
2,289 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.3K
$644.2K – $859.0K
NOI $51,538 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$680.2K
$595.1K – $793.5K
NOI $47,611 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential income property with R3 zoning on an 11,782 sq ft lot.
Where is this triplex located?
The property is located at 362 S Willard Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three rental units on an 11,782 sq ft lot, zoned R3; Unit A: 2 bed, 1 bath, 1,091 sq ft; Unit B: 1 bed, 1 bath, 464 sq ft
