964 Princess Anne Drive San Jose, CA 95128
Two mirrored 2-bedroom, 1-bath units are leased long-term, including a Section 8-assisted payment structure to the owner.
Property Features for 964 Princess Anne Drive
General Information
- Standard status
- Active
- Size
- 1,592 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1954
Listing office eXp Realty of California Inc (408) 401-6501
Listing date Jul 11, 2026
Source Exitrealty
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
Both units are occupied with long-term tenants. Unit 962 is leased at market rate with an established payment history. Unit 964 is assisted under the Section 8 program, with Housing payments made directly and reliably to the owner each month.
For buyers seeking an income-producing duplex with verified current occupancy, this asset offers a dual-income setup supported by both market-rate leasing and Section 8 Housing payments.
Key Highlights
- Side‑by‑side duplex built in 1954 with two leased 2‑bedroom, 1‑bath units
- Two mirrored units: approximately 822 and 823 SF each, for about 1,592 total rentable SF
- Unit 962 is leased long‑term at market rate with an established payment history
Local 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 | $53.5k | $33.60 |
| − Vacancy | −$2.3k | −$1.43 |
| EGI | $51.2k | $32.17 |
| − OpEx | −$15.4k | −$9.65 |
| NOI | $35.8k | $22.52 |
