Four-Unit Apartment
New
For Sale
$1,850,000
416 Dunster Dr, Campbell, CA 95008
Four two-bedroom residences are complemented by carport parking and shared on-site laundry.
Property Size3,148 SF
Lot Size0.19 Acres
Price / SF$587.67
Days on Market2
Property Features for 416 Dunster Dr
General Information
Standard status
Active
Size
3,148 SF
Lot size
0.19 Acres
Property subtype
Investment
Lease Term
12 months
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$22,500
Amenities
on-site laundry
Building Details
Building Size
3,148 SF
Year Built
1958
Buildings
1
Stories
2
Units
4
Listing Agency:
BellStreet
Listed By:
Amit Urban · License #01998926
(650) 282-0477
Source:
Elliman
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 25 at 2:15AM
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 BellStreet
Investment Insights
Based on property information with market context.
Built in 1958, this apartment property contains four units, each configured with two bedrooms and one bathroom. The building measures approximately 3,148 square feet on an approximately 8,100-square-foot lot. Carport parking and on-site laundry serve the property.
Campbell is served by VTA light rail, with access to Highways 17, 85, and 280 and San Tomas Expressway. Downtown Campbell, The Pruneyard, and major Silicon Valley employment centers are nearby. The property is associated with Campbell schools; buyers should verify school information.
Campbell is served by VTA light rail, with access to Highways 17, 85, and 280 and San Tomas Expressway. Downtown Campbell, The Pruneyard, and major Silicon Valley employment centers are nearby. The property is associated with Campbell schools; buyers should verify school information.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Approximately 3,148 square feet of building area
- Approximately 8,100‑square‑foot lot
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
$70,176
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
3.79%
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%
$1,403,520
$1.4M
Cap Rate 7%
$1,002,514
$1.0M
Cap Rate 9%
$779,733
$779.7K
Market Conditions
NOI Build-Up for 3,148 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
$105.8K $33.60/SF
− Vacancy
−$5.5K −$1.75/SF
EGI
$100.3K $31.85/SF
− OpEx
−$30.1K −$9.55/SF
NOI
$70.2K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /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%
$1,403,520
Cap Rate 7%
$1,002,514
Cap Rate 9%
$779,733
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.2K – $1.17M
NOI $70,176 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$854.8K
$748.0K – $997.3K
NOI $59,837 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,035 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 two-bedroom residences are complemented by carport parking and shared on-site laundry.
Where is this quadplex located?
The property is located at 416 Dunster Dr Campbell, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Approximately 3,148 square feet of building area; Approximately 8,100‑square‑foot lot
