Residential Income
For Sale
$1,600,000
5601 Hoffman Court, San Jose, CA 95118
Residential income property dating to 1962 with bikeable access and some public transportation service.
Property Size3,134 SF
Price / SF$510.53
Days on Market59
Property Features for 5601 Hoffman Court
General Information
Standard status
Active
Size
3,134 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Clovercrest
Building Details
Year Built
1962
Listing Agency:
Intero Real Estate Services
Listed By:
Janette Landaverde · License #02168877
(408) 360-7066
Source:
Exitrealty
Added: Aug 26
Changed: Sep 9
Last Checked: Sep 15 at 4:09AM
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 Intero Real Estate Services
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Investment Insights
Based on property information with market context.
Located at 5601 Hoffman Ct in San Jose, this residential income property was built in 1962. The surrounding area records a Bike Score of 68, indicating bikeable conditions, while the Walk Score is 44 and reflects a car-dependent setting. A Transit Score of 40 indicates some available public transportation service.
Key Highlights
- Built in 1962
- Bike Score of 68
- Walk Score of 44
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,187
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,740
$1.3M
Cap Rate 7%
$931,243
$931.2K
Cap Rate 9%
$724,300
$724.3K
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$124.1K $39.60/SF
− Vacancy
−$5.6K −$1.78/SF
EGI
$118.5K $37.82/SF
− OpEx
−$53.3K −$17.02/SF
NOI
$65.2K $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%
$1,303,740
Cap Rate 7%
$931,243
Cap Rate 9%
$724,300
Alternative Uses
Best Use
Apartment 5plus
$931.2K
$814.8K – $1.09M
NOI $65,187 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,490 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
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Business Placement
Demographics for 95118, CA
32,764
Population
11,941
Households
2.7
Avg Household Size
40
Median Age
53%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
7,991
Density / Sq Mi
$148,438
Median Household Income
$80,817
Median Earnings
$2,488
Median Rent
$1,377,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property dating to 1962 with bikeable access and some public transportation service.
Where is this residential income property located?
The property is located at 5601 Hoffman Court San Jose, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 1962; Bike Score of 68; Walk Score of 44
