Six-Unit Apartment
For Sale
$2,150,000
431 E Saint John St, San Jose, CA 95112
Six residential units offer varied layouts, carport parking, and coin-operated laundry near downtown San Jose.
Property Size5,069 SF
Price / SF$424.15
Days on Market60
Property Features for 431 E Saint John St
General Information
Standard status
Active
Size
5,069 SF
Property subtype
Multi-Family
Building Details
Year Built
1963
Listing Agency:
Anet Investments
Listed By:
Byron Tseng
(650) 862-8088
Source:
Homeisv
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 7 at 1:06PM
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 Anet Investments
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Investment Insights
Based on property information with market context.
Built in 1963, this 5,069-square-foot apartment property at 431 E Saint John St comprises six units: one three-bedroom/two-bath unit, three two-bedroom/one-bath units, and two one-bedroom/one-bath units. Kitchens include ovens, ranges, refrigerators, garbage disposals, exhaust fans, and a mix of granite, Formica, and Corian countertop surfaces. Interior finishes include carpet, hardwood, laminate, tile, and vinyl/linoleum flooring. Additional features include walk-in closets, double-pane windows, low-flow plumbing fixtures, thermostat controls, central forced-air gas heat, and gas wall furnaces. Coin-operated laundry and six carport spaces serve the property.
The building is in downtown San Jose near Japantown and is located two blocks from San Jose State University, the SAP Center, and SJC International Airport. Adobe, Zoom Video Communications, Wrike & Sage Intacct, Santa Clara County, the City of San Jose, and SJSU are identified among nearby major employers.
The building is in downtown San Jose near Japantown and is located two blocks from San Jose State University, the SAP Center, and SJC International Airport. Adobe, Zoom Video Communications, Wrike & Sage Intacct, Santa Clara County, the City of San Jose, and SJSU are identified among nearby major employers.
Key Highlights
- Six units with one 3 bed/2 bath, three 2 bed/1 bath, and two 1 bed/1 bath residences
- 5,069 SF apartment building constructed in 1963
- Six carport parking spaces and coin‑operated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,435
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,108,700
$2.1M
Cap Rate 7%
$1,506,214
$1.5M
Cap Rate 9%
$1,171,500
$1.2M
Market Conditions
NOI Build-Up for 5,069 SF
Gross rent
$200.7K $39.60/SF
− Vacancy
−$9.0K −$1.78/SF
EGI
$191.7K $37.82/SF
− OpEx
−$86.3K −$17.02/SF
NOI
$105.4K $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%
$2,108,700
Cap Rate 7%
$1,506,214
Cap Rate 9%
$1,171,500
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,435 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,293 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,672
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units offer varied layouts, carport parking, and coin-operated laundry near downtown San Jose.
Where is this apartment building located?
The property is located at 431 E Saint John St San Jose, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Six units with one 3 bed/2 bath, three 2 bed/1 bath, and two 1 bed/1 bath residences; 5,069 SF apartment building constructed in 1963; Six carport parking spaces and coin‑operated laundry
