2994 Huff Ave
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2994 Huff Ave
12 Unit Apartment Building $4,922,400 CAD ($410,200 CAD/Unit) 4.89% Cap Rate San Jose, CA 95128
Investment Highlights
- Nestled in a top San Jose neighborhood by Santana Row
- Provides strong current income and high potential for equity growth
- Situated on an 11,400 square foot lot offering ample tenant space
- Features 9 (1BD/1BA) and 3 (2BD/1BA) units totaling 7,710 square feet
- Close to major employers and schools, with easy access to Highways 880, 280, and 87
Executive Summary
Magnify is pleased to exclusively present the opportunity to acquire 2994 Huff Ave, a prime 12 unit investment that offers strong current income and high potential for equity growth. The property is nestled in a top San Jose neighborhood right by Santana Row.
Built in 1960, this property consists of 9 one-bedroom/one-bathroom and 3 two-bedroom/one-bathroom units amounting to 7,710 square feet. The building is situated on a generous 11,400 square foot lot offering ample space for tenants.
The property is a short 10-minute drive to New Google Headquarters, eBay, the Pruneyard, and Downtown Campbell. It is also in close proximity to San Jose City College and San Jose State University and features easy access to Highways 880, 280, and 87.
***OPEN HOUSE SUNDAY NOVEMBER 10th 1:30PM-3:30PM***
Built in 1960, this property consists of 9 one-bedroom/one-bathroom and 3 two-bedroom/one-bathroom units amounting to 7,710 square feet. The building is situated on a generous 11,400 square foot lot offering ample space for tenants.
The property is a short 10-minute drive to New Google Headquarters, eBay, the Pruneyard, and Downtown Campbell. It is also in close proximity to San Jose City College and San Jose State University and features easy access to Highways 880, 280, and 87.
***OPEN HOUSE SUNDAY NOVEMBER 10th 1:30PM-3:30PM***
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,922,400 CAD | Apartment Style | Low Rise |
| Price Per Unit | $410,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.89% | Building Size | 9,092 SF |
| Gross Rent Multiplier | 12.7 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,922,400 CAD |
| Price Per Unit | $410,200 CAD |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,092 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.32/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $2,875 CAD | 617 |
| 2+1 | 3 | $3,235 CAD | 717 |
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PROPERTY TAXES
| Parcel Number | 279-07-040 | Total Assessment | $464,850 CAD |
| Land Assessment | $99,512 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $365,338 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
279-07-040
Land Assessment
$99,512 CAD
Improvements Assessment
$365,338 CAD
Total Assessment
$464,850 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | RM |
| RM |
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2994 Huff Ave
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