Comm Ri Multi-units 5+ For Sale
7,927 Sqft - 2930 Huff Avenue, SAN JOSE, California 95128
Property Description
Attractive court-yard style complex, walking distance to Santana Row. Value-add opportunity. Rents are well-below market. Tremendous upside potential. Market GRM: 13.57 and Market Cap Rate: 5.12%. Dual paned windows, well-maintained. Neighboring 24-unit building located on adjacent street (2991-3001 Magliocco Drive) also available for sale. Great opportunity to acquire 36 units on 3 separate parcels. Outstanding fixed financing available.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81827475
Price : $3,995,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 7,927 Sqft
Year Built : 1961
Lot Area : 0.26 Sqft
Features
Heating System : Gas, Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95128
Street : Huff Avenue
Street Number : 2930
Floor Number : 0
Longitude : W122° 3' 13.3''
Latitude : N37° 18' 48.3''
MLS Addon
Office Name : Newmark Cornish & Carey
Building Type : Other
Area : All Other Counties/States
Address : 2930 Huff Avenue
Cross Street : Magliocco Drive
LA1User Code : MLL5066982
LA1Agent First Name : Justin
LA1Agent Last Name : Bautista
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 12
Zoning : RM
List $/SqFt : $0
Age : 60
Apx Lot Sq Ft : 11,423 Sqft
Type of Building : Apt Complex
Annual Taxes : $53,488
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
ON-SITE PARKING DESC : Covered Parking
OPERATING EXPENSES : Electric, Gas, Maintenance/repair, Trash Removal, Vacancy Factor, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 2.86
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,995,000
Sold Price : $3,750,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 196381
Net Oper Income : 114210
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 8984
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 20.34
Buyer Agent DRE Num. : 01252697
List Agent DRE Num. : 01268331
Filtered Address : 2930 Huff AVE
LA1Agent License ID : 01268331
LA1Old Agent ID : 306597
SA1Agent First Name : David
SA1Agent Last Name : Clancy
SA1Agent License ID : 01252697
SA1User Code : MLL5085838
SA1Old Agent ID : 463638
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 279-07-045
Showing : Do Not Disturb Occupants,Subject to Inspection
SO1Office Abbreviation : MLL5075294
SO1Office Name : Bishop Clancy Commercial Real Estate, Inc.
LO1Main Office ID : 76108
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 277064
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3750000
Address Search Number : 2930
Listing Agent : 281553
Listing Office : 76108
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 728759
Buying Office 1 : 277064
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 8
Input Date : 28/01/2021 03:58:15
Update Date : 01/07/2021 10:03:03
PhotoTimestamp : 01/07/2021 01:44:59
First Photo Add Timestamp :
List Date : 28/01/2021
Expire Date :
Pending Date : 05/04/2021
Closing Date : 30/06/2021
Status Date : 30/06/2021
Price Date :
Off Market Date : 05/04/2021
Status : Sold
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 68
Cumulative DOMLS : 68
Unit # 1 # of Bedrooms: 1
Unit # 1 Rent: 1093
Unit # 2 # of Bedrooms: 2
Unit # 2 Rent: 1528
