Ground-Floor Salon with Residential
641 North 13th Street San Jose, CA 95112
641 North 13th Street, San Jose, CA, 95112
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For Sale
Contact for pricing
Occupied ground-floor salon plus two back residential units, including one vacant space ready for immediate lease-up.
Property Size2,170 SF
Price / SF$552.07
Days on Market54
Property Features for 641 North 13th Street
General Information
- Standard status
- Active
- Size
- 2,170 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1948
Listing agency
Colliers - San Francisco - Pleasanton, California
(408) 449-2426
Listed by
Kashif Husain · License #01950914
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 10:20AM
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 Colliers - San Francisco - Pleasanton, California
Investment Insights
Based on property information with market context.
This mixed-use property features an income-producing ground-floor salon that is currently occupied. Behind the salon are two residential units, with one unit occupied and one unit vacant, providing the opportunity for immediate lease-up. The property is configured with three separate addresses: 641, 641A, and 643 N 13th Street, which can support straightforward occupancy and access management.
The building is located within walking distance of San Jose State University, SAP Center, Caltrain, and VTA light rail. With multiple transit options and a nearby employment and entertainment draw, the location can be well suited for both commercial and residential use.
The layout supports a variety of buyers and operators, including an owner-user seeking to combine business and living space, or an investor looking for multi-income potential through a separately addressed salon and two residential units. With one residential unit already vacant, there is a clear path to re-occupy that portion of the property promptly.
The building is located within walking distance of San Jose State University, SAP Center, Caltrain, and VTA light rail. With multiple transit options and a nearby employment and entertainment draw, the location can be well suited for both commercial and residential use.
The layout supports a variety of buyers and operators, including an owner-user seeking to combine business and living space, or an investor looking for multi-income potential through a separately addressed salon and two residential units. With one residential unit already vacant, there is a clear path to re-occupy that portion of the property promptly.
Key Highlights
- 1948 building with an occupied ground‑floor salon producing income
- Back portion includes two residential units: one occupied and one vacant for immediate lease‑up
- Three separate addresses: 641, 641A, and 643 N 13th Street
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.6k | $56.04 |
| − Vacancy | −$19.8k | −$9.13 |
| EGI | $101.8k | $46.91 |
| − OpEx | −$25.4k | −$11.73 |
| NOI | $76.3k | $35.18 |
2,170 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$954.2K – $1.27M
NOI $76,339 @ 7.0% cap · market cap 6.37%
Second Best
Multifamily LT 5
$698.0K
$610.7K – $814.3K
NOI $48,859 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,737 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Occupied ground-floor salon plus two back residential units, including one vacant space ready for immediate lease-up.
Where is this duplex located?
The property is located at 641 North 13th Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 1948 building with an occupied ground‑floor salon producing income; Back portion includes two residential units: one occupied and one vacant for immediate lease‑up; Three separate addresses: 641, 641A, and 643 N 13th Street
