Duplex with Private
New
For Sale
$900,000
757 - 759 Bonita Ave, San Jose, CA 95116
Each residence includes an open kitchen and family-room arrangement.
Property Size1,450 SF
Price / SF$620.69
Days on Market3
Property Features for 757 - 759 Bonita Ave
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1959
Listing Agency:
Corcoran Icon Properties
Listed By:
Jaime Gonzalez · License #01778420
(408) 605-5801
Source:
Bayarearealestatesearch
Added: Sep 2
Last Checked: Sep 2 at 2:07PM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
Located at 757–759 Bonita Ave, this 1,450-square-foot duplex contains two residential units, each with two bedrooms and one bathroom. Both residences feature an open connection between the kitchen and family room. The front unit received kitchen and bathroom updates in April 2023, while the rear unit includes a private backyard. Each unit also has a large garage that can support storage or parking, with additional driveway parking available.
The property is near the Little Portugal and Little Saigon communities, with Downtown San Jose minutes away. Highways 101 and 280/680 provide nearby regional access, and shopping and other amenities are readily accessible. Built in 1959, the property combines a two-unit layout with updated front-unit interiors and outdoor space at the rear.
The property is near the Little Portugal and Little Saigon communities, with Downtown San Jose minutes away. Highways 101 and 280/680 provide nearby regional access, and shopping and other amenities are readily accessible. Built in 1959, the property combines a two-unit layout with updated front-unit interiors and outdoor space at the rear.
Key Highlights
- Two 2‑bedroom, 1‑bath units within a 1,450‑square‑foot duplex
- Front unit remodeled in April 2023 with updated kitchen and bathroom
- Rear unit includes a spacious private backyard
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
$32,648
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
3.63%
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%
$652,960
$653.0K
Cap Rate 7%
$466,400
$466.4K
Cap Rate 9%
$362,756
$362.8K
Market Conditions
NOI Build-Up for 1,450 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
$48.7K $33.60/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$46.6K $32.17/SF
− OpEx
−$14.0K −$9.65/SF
NOI
$32.6K $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%
$652,960
Cap Rate 7%
$466,400
Cap Rate 9%
$362,756
Alternative Uses
Best Use
Multifamily LT 5
$466.4K
$408.1K – $544.1K
NOI $32,648 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$430.9K
$377.0K – $502.7K
NOI $30,160 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$875.7K
$766.2K – $1.02M
NOI $61,299 @ 7.0% cap · market cap 6.81%
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
844
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
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 - Each residence includes an open kitchen and family-room arrangement.
Where is this duplex located?
The property is located at 757 - 759 Bonita Ave San Jose, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units within a 1,450‑square‑foot duplex; Front unit remodeled in April 2023 with updated kitchen and bathroom; Rear unit includes a spacious private backyard
