4-Unit Apartment
3941 Starview DR, San Jose, CA 95124
For Sale
New
$1,795,000
Four apartments offer varied unit sizes, coin-operated laundry, and parking for each residence.
Property Size3,522 SF
Lot Size0.17 Acres
Price / SF$509.65
Days on Market4
Property Features for 3941 Starview DR
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Berkshire Hathaway Franciscan Properties
Listed By:
Erik Mc Intosh · License CA #01489813
(415) 672-5646
Source:
Lynnnorth
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 12 at 2:26PM
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 Berkshire Hathaway Franciscan Properties
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Investment Insights
Based on property information with market context.
This San Jose fourplex contains 3,522 square feet of living area on a 7,200-square-foot lot. The unit mix includes two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment; the larger units have been updated. Kitchen appliances differ among the residences. Coin-operated laundry serves the building, and every unit has parking, with storage available for some residents. Heating is electric, and the property has no cooling system. The building dates to 1962 and has a newer roof and fresh exterior paint. The property is within the Cambrian Elementary School District.
Key Highlights
- Four units: two one‑bedroom, one two‑bedroom, and one three‑bedroom apartment
- 3,522 square feet of living area on a 7,200‑square‑foot lot
- Two- and three‑bedroom apartments have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,300
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,000
$1.6M
Cap Rate 7%
$1,132,857
$1.1M
Cap Rate 9%
$881,111
$881.1K
Market Conditions
NOI Build-Up for 3,522 SF
Gross rent
$118.3K $33.60/SF
− Vacancy
−$5.1K −$1.43/SF
EGI
$113.3K $32.17/SF
− OpEx
−$34.0K −$9.65/SF
NOI
$79.3K $22.52/SF
Area
San Jose, CA
Vacancy
4.27%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,000
Cap Rate 7%
$1,132,857
Cap Rate 9%
$881,111
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$991.3K – $1.32M
NOI $79,300 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$1.05M
$915.7K – $1.22M
NOI $73,257 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,893 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
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Business Placement
Demographics for 95124, CA
50,054
Population
18,143
Households
2.8
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
6.6 sq mi
ZIP Area
7,584
Density / Sq Mi
$188,433
Median Household Income
$90,422
Median Earnings
$2,936
Median Rent
$1,596,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in San Jose, CA
Properties on Market for Quadplexes in San Jose
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer varied unit sizes, coin-operated laundry, and parking for each residence.
Where is this quadplex located?
The property is located at 3941 Starview DR San Jose, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Four units: two one‑bedroom, one two‑bedroom, and one three‑bedroom apartment; 3,522 square feet of living area on a 7,200‑square‑foot lot; Two- and three‑bedroom apartments have been updated
