20-Unit Apartment
For Sale
$5,550,000
4567 Hamilton, San Jose, CA 95130
Apartment property with a broad unit mix near Westgate Center and major technology employers.
Property Size15,209 SF
Lot Size0.48 Acres
Price / SF$364.92
Days on Market80
Property Features for 4567 Hamilton
General Information
Standard status
Active
Size
15,209 SF
Total Parking Spaces
22
Lot size
0.48 Acres
Property subtype
Residential Income
Units
Unit Mix
10 x 1BR/1BA, 8 x 2BR/1BA, 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
20
Building Details
Building Size
15,209 SF
Year Built
1963
Listed By:
The Wiley Team
(415) 317-5888
Source:
Sanfranciscorealestategroup.idxbroker
Added: Aug 1
Changed: Oct 2
Last Checked: Oct 16 at 5:44AM
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 The Wiley Team
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Investment Insights
Based on property information with market context.
Built in 1963, the property contains 15,209 gross rentable square feet on a 21,000-square-foot lot. The 20-unit configuration includes ten one-bedroom, one-bathroom apartments; eight two-bedroom, one-bathroom apartments; one two-bedroom, two-bathroom apartment; and one three-bedroom, two-bathroom apartment.
Parkview Apartments is located one block from Westgate Center, near the Campbell and Saratoga borders. The surrounding area includes major technology employers and education institutions, providing established employment and institutional context for the property.
Parkview Apartments is located one block from Westgate Center, near the Campbell and Saratoga borders. The surrounding area includes major technology employers and education institutions, providing established employment and institutional context for the property.
Key Highlights
- 15,209 gross rentable square feet on a 21,000 square foot lot
- 20 total units: ten 1BR/1BA, eight 2BR/1BA, one 2BR/2BA, and one 3BR/2BA
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$316,346
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,326,920
$6.3M
Cap Rate 7%
$4,519,229
$4.5M
Cap Rate 9%
$3,514,956
$3.5M
Market Conditions
NOI Build-Up for 15,209 SF
Gross rent
$602.3K $39.60/SF
− Vacancy
−$27.1K −$1.78/SF
EGI
$575.2K $37.82/SF
− OpEx
−$258.8K −$17.02/SF
NOI
$316.3K $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%
$6,326,920
Cap Rate 7%
$4,519,229
Cap Rate 9%
$3,514,956
Alternative Uses
Best Use
Apartment 5plus
$4.52M
$3.95M – $5.27M
NOI $316,346 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.19M
$8.04M – $10.72M
NOI $642,963 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 95130, CA
13,584
Population
5,019
Households
2.7
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
9,703
Density / Sq Mi
$155,787
Median Household Income
$77,174
Median Earnings
$2,273
Median Rent
$1,774,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with a broad unit mix near Westgate Center and major technology employers.
Where is this apartment building located?
The property is located at 4567 Hamilton San Jose, CA.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: 15,209 gross rentable square feet on a 21,000 square foot lot; 20 total units: ten 1BR/1BA, eight 2BR/1BA, one 2BR/2BA, and one 3BR/2BA; Built in 1963
