8-Unit Apartment
New
For Sale
$1,750,000
88 Topeka Avenue, San Jose, CA 95128
Four studios and four one-bedroom units are supported by shared coin-operated laundry and rear carport parking.
Property Size3,648 SF
Lot Size0.12 Acres
Price / SF$479.71
Days on Market6
Property Features for 88 Topeka Avenue
General Information
Standard status
Active
Size
3,648 SF
Total Parking Spaces
3
Lot size
0.12 Acres
Property subtype
Residential Income
Zoning
R1-N2
Site & Location
Neighborhood
Burbank
Units
Unit Mix
4 x one-bedroom, 4 x studio
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$29,354
Amenities
on-site coin-operated laundry
rear carport parking
Natural Gas
Carport, On Street
Building Details
Building Size
3,648 SF
Year Built
1957
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Chris Shaheen · License #01421630
(408) 621-7473
Source:
Evrealestate
Added: Oct 27
Changed: Oct 31
Last Checked: Nov 1 at 6:09AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This eight-unit apartment property occupies a 0.12-acre parcel and contains approximately 3,648 square feet of living area. Constructed in 1957, it offers a balanced mix of four studios and four one-bedroom apartments, along with coin-operated laundry and carport parking at the rear of the property.
The property is in unincorporated Santa Clara County, near Santa Clara Valley Medical Center, San Jose City College, Santana Row, and Valley Fair. Nearby transportation routes connect the area with Downtown San Jose, Campbell, and Santa Clara. Its location outside San Jose city limits means the property is not subject to the City’s Apartment Rent Ordinance.
The property is in unincorporated Santa Clara County, near Santa Clara Valley Medical Center, San Jose City College, Santana Row, and Valley Fair. Nearby transportation routes connect the area with Downtown San Jose, Campbell, and Santa Clara. Its location outside San Jose city limits means the property is not subject to the City’s Apartment Rent Ordinance.
Key Highlights
- Eight apartments: four studios and four one‑bedroom units
- Approximately 3,648 square feet of living area on a 0.12‑acre parcel
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,878
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,560
$1.5M
Cap Rate 7%
$1,083,971
$1.1M
Cap Rate 9%
$843,089
$843.1K
Market Conditions
NOI Build-Up for 3,648 SF
Gross rent
$144.5K $39.60/SF
− Vacancy
−$6.5K −$1.78/SF
EGI
$138.0K $37.82/SF
− OpEx
−$62.1K −$17.02/SF
NOI
$75.9K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,560
Cap Rate 7%
$1,083,971
Cap Rate 9%
$843,089
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$948.5K – $1.26M
NOI $75,878 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,220 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four studios and four one-bedroom units are supported by shared coin-operated laundry and rear carport parking.
Where is this apartment building located?
The property is located at 88 Topeka Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Eight apartments: four studios and four one‑bedroom units; Approximately 3,648 square feet of living area on a 0.12‑acre parcel; Built in 1957
