Four-Unit Residential Income
For Sale
$1,800,000
828 Opal Drive, San Jose, CA 95117
Well-maintained four-unit property with onsite coin-operated laundry and a covered carport providing one parking space per unit.
Property Size3,600 SF
Price / SF$500
Days on Market77
Property Features for 828 Opal Drive
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1959
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty-Silicon Valley
(408) 256-2728
Listed By:
Coco Tan · License #01376998
(408) 256-2728
Source:
Exitrealty
Added: May 16
Changed: Jul 21
Last Checked: Jul 30 at 5:29AM
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 Keller Williams Realty-Silicon Valley
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property features two-bedroom, one-bathroom units with an open-concept living room and kitchen on the ground floor, with private bedrooms and a bathroom on the second floor. Onsite coin-operated laundry provides additional convenience for residents. The property includes a large, low-maintenance backyard and a covered carport offering one parking space per unit, with extra parking available in the front yard.
Located in central San Jose, the property is positioned near Santana Row, Westfield Valley Fair, and Santa Clara Valley Medical Center, with convenient access to major highways 280, 17, and San Tomas Expressway.
Each unit is described as approximately 900 square feet and includes select upgrades, supporting a functional layout across the four homes.
Located in central San Jose, the property is positioned near Santana Row, Westfield Valley Fair, and Santa Clara Valley Medical Center, with convenient access to major highways 280, 17, and San Tomas Expressway.
Each unit is described as approximately 900 square feet and includes select upgrades, supporting a functional layout across the four homes.
Key Highlights
- Well‑maintained 4‑unit property, built in 1959, in the Lynhaven neighborhood of central San Jose
- Each unit features 2 beds, 1 bath, and 900 sq ft of living space, with select upgrades
- Coin‑operated laundry on site for tenant convenience
Financial Insights For Multifamily LT 5
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 | $121.0k | $33.60 |
| − Vacancy | −$5.2k | −$1.43 |
| EGI | $115.8k | $32.17 |
| − OpEx | −$34.7k | −$9.65 |
| NOI | $81.1k | $22.52 |
3,600 SF · lease $33.60/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,057 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$1.07M
$936.0K – $1.25M
NOI $74,880 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,190 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 95117, CA
30,137
Population
11,226
Households
2.7
Avg Household Size
36
Median Age
44%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
13,103
Density / Sq Mi
$115,778
Median Household Income
$56,791
Median Earnings
$2,367
Median Rent
$1,425,200
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?
Quadplex - Well-maintained four-unit property with onsite coin-operated laundry and a covered carport providing one parking space per unit.
Where is this quadplex located?
The property is located at 828 Opal Drive San Jose, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit property, built in 1959, in the Lynhaven neighborhood of central San Jose; Each unit features 2 beds, 1 bath, and 900 sq ft of living space, with select upgrades; Coin‑operated laundry on site for tenant convenience
