Renovated Two-Unit
New
For Sale
$1,600,000
5871 -73 El Dori Dr, San Jose, CA 95123
Two residences feature durable finishes, included appliances, updated systems, and low-maintenance outdoor areas.
Property Size2,414 SF
Price / SF$662.80
Days on Market3
Property Features for 5871 -73 El Dori Dr
General Information
Standard status
Active
Size
2,414 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
appliances included
ceiling fans
dual-pane windows
A/C units
low-maintenance turf
Building Details
Year Built
1969
Listing Agency:
Mickelin Burnes Browne, Broker
Listed By:
Mickelin Burnes-Browne · License #01082776
Source:
Bayarearealestatesearch
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 6 at 4:36AM
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 Mickelin Burnes Browne, Broker
Investment Insights
Based on property information with market context.
This two-unit duplex at 5871–73 El Dori Dr includes 2,414 square feet and was built in 1969. The unit mix includes a 3-bedroom, 2-bath residence and a 2-bedroom, 1.5-bath residence. Both units have laminate flooring, included appliances, granite and tile countertops, ceiling fans, dual-pane windows, and maintained A/C systems. Termite repairs have been completed, and the property has a new 30-year roof with labor and material warranties. Unit 73 also has fresh paint, while low-maintenance turf extends across the front and back yards. Tenants are in place.
The property is near highways 85 and 87, with access to highways 280 and 680. Oakridge shopping center, dining, and eateries are within walking distance.
The property is near highways 85 and 87, with access to highways 280 and 680. Oakridge shopping center, dining, and eateries are within walking distance.
Key Highlights
- 2,414‑square‑foot duplex with two residences
- Unit 73 offers 3 bedrooms and 2 baths; Unit 71 has 2 bedrooms and 1.5 baths
- New 30‑year roof with labor and material warranties
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
$53,814
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
3.36%
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%
$1,076,280
$1.1M
Cap Rate 7%
$768,771
$768.8K
Cap Rate 9%
$597,933
$597.9K
Market Conditions
NOI Build-Up for 2,414 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
$81.1K $33.60/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$76.9K $31.85/SF
− OpEx
−$23.1K −$9.55/SF
NOI
$53.8K $22.29/SF
Area
ZIP 95123
Vacancy
5.22%
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%
$1,076,280
Cap Rate 7%
$768,771
Cap Rate 9%
$597,933
Alternative Uses
Best Use
Multifamily LT 5
$768.8K
$672.7K – $896.9K
NOI $53,814 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$709.8K
$621.1K – $828.1K
NOI $49,685 @ 7.0% cap · market cap 3.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 95123, CA
70,040
Population
25,023
Households
2.8
Avg Household Size
38
Median Age
45%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
8,979
Density / Sq Mi
$136,364
Median Household Income
$64,536
Median Earnings
$2,953
Median Rent
$1,108,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature durable finishes, included appliances, updated systems, and low-maintenance outdoor areas.
Where is this duplex located?
The property is located at 5871 -73 El Dori Dr 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: 2,414‑square‑foot duplex with two residences; Unit 73 offers 3 bedrooms and 2 baths; Unit 71 has 2 bedrooms and 1.5 baths; New 30‑year roof with labor and material warranties
