7-Unit Apartment
For Sale
Under Contract
$1,649,999
Whitton, San Jose, CA 95116
ResidentialIncome, SanJose, CA
Property Size3,084 SF
Lot Size0.12 Acres
Price / SF$535.02
Days on Market36
Property Features for Whitton
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LI
Parking
3
Parking features
Assigned, Carport
Elementary school
SanJoseUnified
High school
SanJoseUnified
Elementary school district
SanJoseUnified
High school district
SanJoseUnified
Subdivision
CentralSanJose
Standard status
Active Under Contract
APN
467-35-015
Size
3,084 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1962
Roof type
Shingle
Listing Agency:
Fathom Realty Group
(279) 238-5270
Listed By:
Patrick Carvalho · License #02136374
(925) 457-7161
Added: Sep 18
Changed: Oct 21
Last Checked: Oct 23 at 1:06PM
MLS# ML82061891
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.
This 7-unit apartment property contains 3,084 square feet on a 0.123-acre lot. Its residential mix comprises three 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio. The building dates to 1962 and is zoned LI.
Parking is provided through carport and assigned spaces. The property has public water service and public sewer. The stated in-place cap rate is 6.76%.
Parking is provided through carport and assigned spaces. The property has public water service and public sewer. The stated in-place cap rate is 6.76%.
Key Highlights
- Seven residential units: three 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and one studio
- 3,084 square feet on a 0.123‑acre lot
- 6.76% in‑place cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,147
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,940
$1.3M
Cap Rate 7%
$916,386
$916.4K
Cap Rate 9%
$712,744
$712.7K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$122.1K $39.60/SF
− Vacancy
−$5.5K −$1.78/SF
EGI
$116.6K $37.82/SF
− OpEx
−$52.5K −$17.02/SF
NOI
$64.1K $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%
$1,282,940
Cap Rate 7%
$916,386
Cap Rate 9%
$712,744
Alternative Uses
Best Use
Apartment 5plus
$916.4K
$801.8K – $1.07M
NOI $64,147 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,377 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 95116, CA
51,222
Population
13,987
Households
3.7
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
3.6 sq mi
ZIP Area
14,228
Density / Sq Mi
$83,428
Median Household Income
$41,992
Median Earnings
$2,049
Median Rent
$842,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1962, the property includes studio, one-bedroom, and two-bedroom residences.
Where is this apartment building located?
The property is located at Whitton San Jose, CA.
What is the asking price?
The asking price for this property is $1,649,999.
What are key features of this property?
This property features: Seven residential units: three 2‑bedroom/1‑bath, three 1‑bedroom/1‑bath, and one studio; 3,084 square feet on a 0.123‑acre lot; 6.76% in‑place cap rate
