Building Details

Year Built 1900

Listing Agency: Fireside Realty

Listed By: Martin Topete · License #01353423 Show Phone

Source: Homeisv

Added: Jul 9 Changed: Oct 12 Last Checked: Oct 16 at 11:24AM

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Investment Insights

Based on property information with market context.

Built in 1900, this Victorian triplex contains three one-bedroom, one-bath units within 1,834 square feet. Interior finishes include carpet, hardwood, and vinyl or linoleum, while appliance packages differ among the units. Heating is provided by wall furnaces; the property does not have cooling. A fireplace adds a period feature, and some units include washers and dryers. The fully finished basement provides additional usable space, with room for expansion noted in the property information.

The property is positioned across from a light rail stop and a few blocks from downtown and the arena in San Jose. It is within the San Jose Unified School District and occupies a lot with a stated minimum size of 5,076 square feet.

Key Highlights

• Three‑unit configuration with 1 bed and 1 bath per unit
• 1,834 square feet in a Victorian property built in 1900
• Fully finished basement with room for expansion

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,294

Cap Rate

3.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$825,880 $825.9K

Cap Rate 7%

$589,914 $589.9K

Cap Rate 9%

$458,822 $458.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,834 SF

Gross rent

$61.6K $33.60/SF

− Vacancy

−$2.6K −$1.43/SF

EGI

$59.0K $32.17/SF

− OpEx

−$17.7K −$9.65/SF

NOI

$41.3K $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%

$825,880

Cap Rate 7%

$589,914

Cap Rate 9%

$458,822

Alternative Uses

Best Use

Multifamily LT 5

$589.9K

$516.2K – $688.2K (±1% cap)

NOI $41,294 @ 7.0% cap · market cap 3.06%

Second Best

Apartment 5plus

$545.0K

$476.8K – $635.8K (±1% cap)

NOI $38,147 @ 7.0% cap · market cap 2.82%

Theoretical Best

Office A

$1.11M

$969.2K – $1.29M (±1% cap)

NOI $77,533 @ 7.0% cap · market cap 5.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Tanning Salon Clothing & Fashion Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,329

Businesses Nearby

Explore this area Business Placement

Demographics for 95110, CA

20,495

Population

7,568

Households

2.7

Avg Household Size

35

Median Age

40%

College-Educated

81%

High-School Grad

4.6 sq mi

ZIP Area

4,455

Density / Sq Mi

$132,800

Median Household Income

$60,241

Median Earnings

$2,629

Median Rent

$947,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three residential units feature varied finishes, wall-furnace heat, fireplaces, and laundry equipment in some units.

Where is this triplex located?

The property is located at 446 W San Fernando St San Jose, CA.

What is the asking price?

The asking price for this property is $1,350,800.

What are key features of this property?

This property features: Three‑unit configuration with 1 bed and 1 bath per unit; 1,834 square feet in a Victorian property built in 1900; Fully finished basement with room for expansion