Mixed-Use Building with
For Sale
$6,565,000
San Benito, Hollister, CA 95023
ResidentialIncome, Hollister, CA
Property Size17,569 SF
Lot Size0.10 Acres
Price / SF$373.67
Days on Market288
Property Features for San Benito
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
AP
Parking
20
Parking features
On Street
Accessibility
Accessible Elevator Installed
Elementary school
Hollister
High school
SanBenitoHigh
Elementary school district
Hollister
High school district
SanBenitoHigh
Subdivision
Hollister
Standard status
Active
APN
054-080-009-000
Size
17,569 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1929
Listing Agency:
Intero Real Estate Services
(408) 840-7400
Listed By:
Bryson Smith · License #02118821
(408) 209-2107
Added: Jan 6
Changed: Oct 21
Last Checked: Oct 21 at 5:06PM
MLS# ML82030275
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 17,569-square-foot mixed-use building dates to 1929 and combines a ground-floor restaurant with 12 apartments under construction. The planned residential mix is six one-bedroom and six two-bedroom units. Renovation work includes updates to the building shell and structural components, a refinished low-slope membrane roof, and ductless mini-split HVAC systems for individual apartment control. An accessible elevator is installed.
The property occupies a 0.1003-acre site at 500 San Benito Street in Hollister. It is within the Downtown Hollister Historic District and is a contributing structure, with reinforced concrete construction. The restaurant space is leased; residential renovations are described as nearing completion. Public water and sewer serve the property, and parking is on street.
The property occupies a 0.1003-acre site at 500 San Benito Street in Hollister. It is within the Downtown Hollister Historic District and is a contributing structure, with reinforced concrete construction. The restaurant space is leased; residential renovations are described as nearing completion. Public water and sewer serve the property, and parking is on street.
Key Highlights
- 12 apartments planned: six one‑bedroom and six two‑bedroom units
- Leased restaurant space on the ground floor
- 17,569‑square‑foot building on 0.1003 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,952
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,679,040
$6.7M
Cap Rate 7%
$4,770,743
$4.8M
Cap Rate 9%
$3,710,578
$3.7M
Market Conditions
NOI Build-Up for 17,569 SF
Gross rent
$632.5K $36.00/SF
− Vacancy
−$25.3K −$1.44/SF
EGI
$607.2K $34.56/SF
− OpEx
−$273.2K −$15.55/SF
NOI
$334.0K $19.01/SF
Area
San Benito County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,679,040
Cap Rate 7%
$4,770,743
Cap Rate 9%
$3,710,578
Alternative Uses
Best Use
Apartment 5plus
$4.77M
$4.17M – $5.57M
NOI $333,952 @ 7.0% cap · market cap 5.09%
Second Best
Specialty Retail
$4.67M
$4.09M – $5.45M
NOI $326,994 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$10.61M
$9.28M – $12.37M
NOI $742,467 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
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Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor restaurant is paired with apartments undergoing renovation above.
Where is this mixed-use property located?
The property is located at San Benito Hollister, CA.
What is the asking price?
The asking price for this property is $6,565,000.
What are key features of this property?
This property features: 12 apartments planned: six one‑bedroom and six two‑bedroom units; Leased restaurant space on the ground floor; 17,569‑square‑foot building on 0.1003 acres
