7-Unit Apartment
For Sale
$2,099,000
Villa, San Jose, CA 95126
ResidentialIncome, SanJose, CA
Property Size4,056 SF
Lot Size0.23 Acres
Price / SF$517.50
Days on Market34
Property Features for Villa
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Parking
3
Parking features
Carport, Garage
Appliances
AppliancesVarybyUnit
Elementary school
SanJoseUnified
High school
SanJoseUnified
Elementary school district
SanJoseUnified
High school district
SanJoseUnified
Subdivision
CentralSanJose
Standard status
Active
APN
261-08-052
Size
4,056 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1957
Flooring type
Hardwood, Tile
Roof type
Shingle
Listing Agency:
Fathom Realty Group
(310) 710-9337
Listed By:
Patrick Carvalho · License #02136374
(925) 457-7161
Added: Sep 18
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
MLS# ML82061883
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 4,056-square-foot property contains seven apartments in two buildings on a 0.2296-acre parcel. One structure is a single-family home with two bedrooms and one bathroom, approximately 1,200 square feet of living space, and a full cement construction basement. The other building contains six one-bedroom, one-bathroom apartments. The property was built in 1957, with window and electrical panel improvements noted. Flooring includes hardwood and tile, and cooling includes ceiling fans and wall units.
Located in San Jose, the property is zoned R3. Public water and sewer serve the site. Parking features include a carport and garage. The in-place cap rate is 6.04%; the stated pro forma cap rate is 6.71%.
Located in San Jose, the property is zoned R3. Public water and sewer serve the site. Parking features include a carport and garage. The in-place cap rate is 6.04%; the stated pro forma cap rate is 6.71%.
Key Highlights
- Seven residential units across two buildings
- Unit mix includes one 2‑bedroom, 1‑bath home and six 1‑bedroom, 1‑bath apartments
- 4,056 square feet on 0.2296 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,364
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,280
$1.7M
Cap Rate 7%
$1,205,200
$1.2M
Cap Rate 9%
$937,378
$937.4K
Market Conditions
NOI Build-Up for 4,056 SF
Gross rent
$160.6K $39.60/SF
− Vacancy
−$7.2K −$1.78/SF
EGI
$153.4K $37.82/SF
− OpEx
−$69.0K −$17.02/SF
NOI
$84.4K $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%
$1,687,280
Cap Rate 7%
$1,205,200
Cap Rate 9%
$937,378
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.05M – $1.41M
NOI $84,364 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,468 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,450
Businesses Nearby
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Business Placement
Demographics for 95126, CA
37,372
Population
16,936
Households
2.2
Avg Household Size
36
Median Age
55%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
11,325
Density / Sq Mi
$127,297
Median Household Income
$72,722
Median Earnings
$2,544
Median Rent
$1,195,700
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?
Apartment building - Two residential structures combine a detached home with a separate multifamily building under R3 zoning.
Where is this apartment building located?
The property is located at Villa San Jose, CA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Seven residential units across two buildings; Unit mix includes one 2‑bedroom, 1‑bath home and six 1‑bedroom, 1‑bath apartments; 4,056 square feet on 0.2296 acres
