R4-Zoned Multifamily
For Sale
Contact for pricing
91 W Reed Street, San Jose, CA 95110
The property carries R4 zoning and dates to 1960.
Property Size3,066 SF
Price / SF$553.82
Days on Market54
Property Features for 91 W Reed Street
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Multifamily
Zoning
R4
Site & Location
Neighborhood
SoFA
Building Details
Year Built
1960
Units
7
Listing Agency:
Meacham Oppenheimer
Listed By:
keon vossoughi · License #CA #01019117
Source:
Crexi
Added: Aug 31
Changed: Oct 6
Last Checked: Oct 23 at 6:31AM
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 Meacham Oppenheimer
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Investment Insights
Based on property information with market context.
This multifamily property is located at 91 W. Reed Street in San Jose, California. The property carries an R4 zoning designation and was built in 1960. The listed property size is 3066.
Key Highlights
- R4 zoning designation
- Built in 1960
- Listed property size of 3066
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,772
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,440
$1.3M
Cap Rate 7%
$911,029
$911.0K
Cap Rate 9%
$708,578
$708.6K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$121.4K $39.60/SF
− Vacancy
−$5.5K −$1.78/SF
EGI
$115.9K $37.82/SF
− OpEx
−$52.2K −$17.02/SF
NOI
$63.8K $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%
$1,275,440
Cap Rate 7%
$911,029
Cap Rate 9%
$708,578
Alternative Uses
Best Use
Apartment 5plus
$911.0K
$797.2K – $1.06M
NOI $63,772 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,616 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,357
Businesses Nearby
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Business Placement
Demographics for 95110, CA
20,495
Population
7,568
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
4,455
Density / Sq Mi
$132,800
Median Household Income
$60,241
Median Earnings
$2,629
Median Rent
$947,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property carries R4 zoning and dates to 1960.
Where is this multifamily property located?
The property is located at 91 W Reed Street San Jose, CA.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: R4 zoning designation; Built in 1960; Listed property size of 3066
