4-Unit Apartment
New
For Sale
$1,950,000
4335 Blackford AVE, San Jose, CA 95129
The unit mix pairs one three-bedroom residence with three two-bedroom apartments.
Property Size3,813 SF
Days on Market5
Property Features for 4335 Blackford AVE
General Information
Standard status
Active
Size
3,813 SF
Property subtype
Fourplex
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$26,502
Building Details
Building Size
3,813 SF
Year Built
1968
Listing Agency:
Magnify Real Estate
Listed By:
David Katz · License #01971921
(408) 438-0585
Source:
Lynnnorth
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:31PM
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 Magnify Real Estate
Investment Insights
Based on property information with market context.
This 1968 apartment property in San Jose contains four residences: one with three bedrooms and two bathrooms, plus three with two bedrooms and one bathroom each. The mix offers a larger layout alongside three smaller units.
The property is near Apple Park, NVIDIA, Santana Row, Valley Fair, and Westgate Center. Interstate 280, Lawrence Expressway, and Stevens Creek Boulevard provide access to regional routes and destinations.
The property is near Apple Park, NVIDIA, Santana Row, Valley Fair, and Westgate Center. Interstate 280, Lawrence Expressway, and Stevens Creek Boulevard provide access to regional routes and destinations.
Key Highlights
- Four‑unit property with one 3‑bedroom/2‑bathroom residence and three 2‑bedroom/1‑bathroom residences
- Built in 1968
- Near Apple Park and NVIDIA
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
$85,852
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
4.40%
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%
$1,717,040
$1.7M
Cap Rate 7%
$1,226,457
$1.2M
Cap Rate 9%
$953,911
$953.9K
Market Conditions
NOI Build-Up for 3,813 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
$128.1K $33.60/SF
− Vacancy
−$5.5K −$1.43/SF
EGI
$122.6K $32.17/SF
− OpEx
−$36.8K −$9.65/SF
NOI
$85.9K $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 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%
$1,717,040
Cap Rate 7%
$1,226,457
Cap Rate 9%
$953,911
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,852 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$1.13M
$991.4K – $1.32M
NOI $79,310 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$2.30M
$2.01M – $2.69M
NOI $161,195 @ 7.0% cap · market cap 8.27%
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
1,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 95129, CA
41,819
Population
15,091
Households
2.8
Avg Household Size
40
Median Age
71%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,091
Density / Sq Mi
$182,662
Median Household Income
$106,066
Median Earnings
$2,746
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix pairs one three-bedroom residence with three two-bedroom apartments.
Where is this quadplex located?
The property is located at 4335 Blackford AVE San Jose, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Four‑unit property with one 3‑bedroom/2‑bathroom residence and three 2‑bedroom/1‑bathroom residences; Built in 1968; Near Apple Park and NVIDIA
