5-Unit Apartment
936 Del Mar Avenue, San Jose, CA 95128
For Sale
$1,325,000
Separate gas and electric meters, laundry hookups, and a mix of tuck-under and carport parking serve the property.
Property Size2,716 SF
Price / SF$487.85
Days on Market17
Property Features for 936 Del Mar Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
washer and dryer hookups
courtyard
Other
Wall Furnace
Crawl Space
Oven, Range, Gas Range
Carport
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Compass
Listed By:
Ray Rodriguez · License CA #01999734
(650) 405-0743
Source:
Evrealestate
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 14 at 4:44AM
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 Compass
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Investment Insights
Based on property information with market context.
This two-story apartment property contains five one-bedroom, one-bathroom units, each with a living room, dining area, kitchen, and wall furnace. A second-floor walkway connects the upper residences, while a concrete courtyard provides shared outdoor space. Gas and electric service are separately metered, and on-site washer and dryer hookups are available. Parking includes two tuck-under spaces and three carport spaces. SB 721 balcony compliance has been completed.
The property is in San Jose’s Buena Vista neighborhood, between Willow Glen, Campbell, and the Santana Row area. Santa Clara Valley Medical Center, San Jose City College, and Del Mar High School are within walking distance. Fruitdale light rail station is less than a mile away; Interstates 280 and 880 and Highway 17 are minutes away. Santana Row, Westfield Valley Fair, Downtown Willow Glen, the Pruneyard, Downtown Campbell, Whole Foods, Safeway, and Westgate Center are also identified as nearby destinations.
The property is in San Jose’s Buena Vista neighborhood, between Willow Glen, Campbell, and the Santana Row area. Santa Clara Valley Medical Center, San Jose City College, and Del Mar High School are within walking distance. Fruitdale light rail station is less than a mile away; Interstates 280 and 880 and Highway 17 are minutes away. Santana Row, Westfield Valley Fair, Downtown Willow Glen, the Pruneyard, Downtown Campbell, Whole Foods, Safeway, and Westgate Center are also identified as nearby destinations.
Key Highlights
- Five 1‑bedroom, 1‑bath units in a two‑story apartment building
- Two tuck‑under parking spaces and three carport spaces
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,493
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,860
$1.1M
Cap Rate 7%
$807,043
$807.0K
Cap Rate 9%
$627,700
$627.7K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$107.6K $39.60/SF
− Vacancy
−$4.8K −$1.78/SF
EGI
$102.7K $37.82/SF
− OpEx
−$46.2K −$17.02/SF
NOI
$56.5K $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%
$1,129,860
Cap Rate 7%
$807,043
Cap Rate 9%
$627,700
Alternative Uses
Best Use
Apartment 5plus
$807.0K
$706.2K – $941.6K
NOI $56,493 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,819 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,212
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
$1,214,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Jose, CA
Properties on Market for Apartment buildings in San Jose
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate gas and electric meters, laundry hookups, and a mix of tuck-under and carport parking serve the property.
Where is this apartment building located?
The property is located at 936 Del Mar Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Five 1‑bedroom, 1‑bath units in a two‑story apartment building; Two tuck‑under parking spaces and three carport spaces; Separate gas and electric meters for each unit
