Multifamily Apartment
431 Saint John Street San Jose, CA 95112
431 Saint John Street, San Jose, CA, 95112
$2,150,000
For Sale
$2,150,000
Apartment building with a mix of 1-, 2-, and 3-bedroom units, coin-operated laundry, and six carport spaces.
Property Size5,069 SF
Price / SF$424.15
Days on Market51
Property Features for 431 Saint John Street
General Information
- Standard status
- Active
- Size
- 5,069 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1963
Listing agency
(650) 862-8088
Listed by
Anet Investments
Source
Xome
Added: Jun 1 Updated: Jul 10 at 1:56PM Checked: Jul 21 at 5:36AM
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
Investment Insights
Based on property information with market context.
This apartment building offers a practical unit mix and in-unit style amenities. The configuration includes one 3-bedroom, two full-bath home, three 2-bedroom units with one full bath, and two 1-bedroom units with one full bath. Each unit includes a kitchen with an oven range and refrigerator, with multiple countertop surfaces such as granite, formica, and solid-surface Corian, along with a garbage disposal and an exhaust fan. Flooring varies throughout the building, with carpet, hardwood, laminate, tile, and vinyl/linoleum. Units also feature a walk-in closet, and heating is provided via central forced air gas and gas wall furnaces, supported by a thermostat controller. Energy-efficient elements include double-pane windows and low-flow showers and toilets. Laundry is available through a coin-operated setup.
The property is located in San Jose, within the downtown area near Japan Town, and about two blocks from San Jose State University. It is also noted to be near SAP Center and SJC International Airport, placing it in an established employment and entertainment corridor.
For buyers and operators seeking a residential income asset, the diverse bedroom mix supports a broader renter profile, from 1-bedroom households to larger 2- and 3-bedroom configurations. The building also provides on-site parking via six carport spaces, and the coin-operated laundry adds another functional amenity for residents.
The property is located in San Jose, within the downtown area near Japan Town, and about two blocks from San Jose State University. It is also noted to be near SAP Center and SJC International Airport, placing it in an established employment and entertainment corridor.
For buyers and operators seeking a residential income asset, the diverse bedroom mix supports a broader renter profile, from 1-bedroom households to larger 2- and 3-bedroom configurations. The building also provides on-site parking via six carport spaces, and the coin-operated laundry adds another functional amenity for residents.
Key Highlights
- Apartment building with a unit mix of 1 three‑bedroom/2‑bath unit, three two‑bedroom/1‑bath units, and two one‑bedroom/1‑bath units
- Coin‑operated laundry on site
- 6 carport parking spaces
Local Financial Insights For Apartment 5plus
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 | $200.7k | $39.60 |
| − Vacancy | −$9.0k | −$1.78 |
| EGI | $191.7k | $37.82 |
| − OpEx | −$86.3k | −$17.02 |
| NOI | $105.4k | $20.80 |
5,069 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building with a mix of 1-, 2-, and 3-bedroom units, coin-operated laundry, and six carport spaces.
Where is this apartment building located?
The property is located at 431 Saint John Street 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: Apartment building with a unit mix of 1 three‑bedroom/2‑bath unit, three two‑bedroom/1‑bath units, and two one‑bedroom/1‑bath units; Coin‑operated laundry on site; 6 carport parking spaces
