Two-Bedroom Fourplex with
For Sale
$1,598,000
5653 Via Monte Dr, San Jose, CA 95118
Fourplex built in 1963 with two-bedroom units featuring private parking, backyards, and upstairs balconies.
Property Size3,364 SF
Lot Size0.20 Acres
Price / SF$475.03
Days on Market51
Property Features for 5653 Via Monte Dr
General Information
Standard status
Active
Size
3,364 SF
Lot size
0.20 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Amenities
private carport parking
private backyards for ground-level units
private balconies for upstairs units
Incredible South San Jose Fourplex - Investors have the opportunity to acquire an exceptional fourplex in one of the most dynamic and desirable South Bay locations.
Convenient Tenant Amenities - 5653 Via Monte Dr offers private carport parking, private backyards for ground-level units, and private balconies for upstairs units.
Significant Capital Improvements - Select units have been renovated with vinyl plank flooring, quartz countertops, and stainless-steel appliances.
Prime San Jose Location - Located in the Cambrian neighborhood, the property is within walking distance to shopping and dining at Almaden Plaza and Westfield Oakridge Mall.
Building Details
Year Built
1963
Listing Agency:
Palo Alto Office
Listed By:
Jake Clyne · License #License(s): CA: 02203246
(650) 391-1864
Source:
Marcusmillichap
Added: Jul 24
Changed: Aug 28
Last Checked: Sep 11 at 4:43AM
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 Palo Alto Office
Investment Insights
Based on property information with market context.
This fourplex at 5653 Via Monte Dr was originally constructed in 1963 and comprises approximately 3,364 square feet of gross building area on an 8,614 square foot parcel. The property offers thoughtfully designed two-bedroom floor plans across its units. Residents also have access to private amenity spaces, including carport parking, private backyards for ground-level units, and private balconies for upstairs units.
Located in the Cambrian neighborhood, the property is described as being within walking distance of retailers including Target, Home Depot, and HomeGoods. The remarks also note proximity to San Jose State University and Santa Clara University.
With a unit mix of two-bedroom layouts and outdoor space options by level, this fourplex provides a straightforward residential income configuration with established on-site parking and private outdoor areas for multiple units.
Located in the Cambrian neighborhood, the property is described as being within walking distance of retailers including Target, Home Depot, and HomeGoods. The remarks also note proximity to San Jose State University and Santa Clara University.
With a unit mix of two-bedroom layouts and outdoor space options by level, this fourplex provides a straightforward residential income configuration with established on-site parking and private outdoor areas for multiple units.
Key Highlights
- Fourplex built in 1963 with approximately 3,364 sq ft gross building area
- 8,614 sq ft lot size with two‑bedroom unit floor plans
- Private carport parking provided for tenants
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
$75,743
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
4.74%
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%
$1,514,860
$1.5M
Cap Rate 7%
$1,082,043
$1.1M
Cap Rate 9%
$841,589
$841.6K
Market Conditions
NOI Build-Up for 3,364 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
$113.0K $33.60/SF
− Vacancy
−$4.8K −$1.43/SF
EGI
$108.2K $32.17/SF
− OpEx
−$32.5K −$9.65/SF
NOI
$75.7K $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%
$1,514,860
Cap Rate 7%
$1,082,043
Cap Rate 9%
$841,589
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.8K – $1.26M
NOI $75,743 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$999.6K
$874.6K – $1.17M
NOI $69,971 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,214 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex built in 1963 with two-bedroom units featuring private parking, backyards, and upstairs balconies.
Where is this quadplex located?
The property is located at 5653 Via Monte Dr San Jose, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Fourplex built in 1963 with approximately 3,364 sq ft gross building area; 8,614 sq ft lot size with two‑bedroom unit floor plans; Private carport parking provided for tenants
