Two-Unit
For Sale
$1,199,000
421423 Willis Ave, San Jose, CA 95025
Both residences are tenant occupied, with separate living spaces in a single property.
Property Size1,980 SF
Price / SF$605.56
Days on Market28
Property Features for 421423 Willis Ave
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,286
Building Details
Tenancy
Multi
Listing Agency:
Luxuriant Realty
(650) 246-9670
Listed By:
ANN VU · License #00955888
(408) 209-8881
Source:
Exprealty
Added: Sep 18
Changed: Oct 15
Last Checked: Oct 15 at 2:02AM
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 Luxuriant Realty
Investment Insights
Based on property information with market context.
This San Jose duplex contains two separate residences at 421 and 423 Willis Avenue. Both units are tenant occupied, and the property has a stated size of 1,980, without a specified measurement unit.
The property is near Downtown, Delmas Park, Diridon Station, SAP Center, Willow Glen and Lincoln Avenue. I-280 and CA-87 provide access to San Jose and the wider Silicon Valley area. Shopping, restaurants, parks, entertainment and transportation hubs are also identified nearby.
The property is near Downtown, Delmas Park, Diridon Station, SAP Center, Willow Glen and Lincoln Avenue. I-280 and CA-87 provide access to San Jose and the wider Silicon Valley area. Shopping, restaurants, parks, entertainment and transportation hubs are also identified nearby.
Key Highlights
- Two separate residences at 421 and 423 Willis Avenue
- Both units are tenant occupied
- Property size: 1,980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,581
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,620
$891.6K
Cap Rate 7%
$636,871
$636.9K
Cap Rate 9%
$495,344
$495.3K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$66.5K $33.60/SF
− Vacancy
−$2.8K −$1.43/SF
EGI
$63.7K $32.17/SF
− OpEx
−$19.1K −$9.65/SF
NOI
$44.6K $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%
$891,620
Cap Rate 7%
$636,871
Cap Rate 9%
$495,344
Alternative Uses
Best Use
Multifamily LT 5
$636.9K
$557.3K – $743.0K
NOI $44,581 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$588.3K
$514.8K – $686.4K
NOI $41,184 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,705 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant occupied, with separate living spaces in a single property.
Where is this duplex located?
The property is located at 421423 Willis Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two separate residences at 421 and 423 Willis Avenue; Both units are tenant occupied; Property size: 1,980
