928-930 Ravenscourt Ave, 8 Units in Campbell | 928 Ravenscourt Ave
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928-930 Ravenscourt Ave, 8 Units in Campbell 928 Ravenscourt Ave
8 Unit Apartment Building $4,280,621 CAD ($535,078 CAD/Unit) 5.30% Cap Rate Campbell, CA 95008
Investment Highlights
- Premium investment opportunity in Campbell with strong tenant demand
- Each units feature a patio or balcony
- Just 10 minutes away from Santana Row, downtown Campbell, and the Pruneyard
- Desirable unit mix with 8 spacious (2BD/1BA) units on a large corner lot
- All units remodeled - key capital Improvements include dual pane windows, new copper water supply line, new 500-amp main panel for 930 Ravenscourt, an
- Easy access to Highway 17 and top Bay Area tech companies
Executive Summary
Magnify Real Estate is pleased to offer 928-930 Ravenscourt Ave, a premium investment opportunity located in the highly desirable city of Campbell. It is a rare asset in the heart of Silicon Valley featuring two buildings totaling (8) 2-Bedroom / 1-Bathroom units, each with their own private patio or balcony.
Built in 1962, the building has 6,656 square feet of living space on a large 14,000 square foot corner parcel lot (0.32 acres). The property is well maintained with numerous capital improvements including dual pane windows; a new Copper water supply line from the street to the building; newer 500-amp main panel for 930 Ravenscourt; and various plumbing upgrades to the drain & sewer lines.
All interiors are in great condition with dishwashers, a private patio or balcony, luxury vinyl plank flooring, and tile in the kitchens & bathrooms. The building is centrally located ~10 minutes from downtown Campbell, the Pruneyard, and Santana Row, offering exceptional convenience. It also has easy access to Highway 17 / 280, making it an ideal location with access to numerous employers.
The property offers an excellent investment opportunity for those seeking steady rental income and appreciation, with strong tenant demand and high occupancy rates. It's a unique opportunity for both immediate returns and long-term growth in the thriving Silicon Valley rental market!
Built in 1962, the building has 6,656 square feet of living space on a large 14,000 square foot corner parcel lot (0.32 acres). The property is well maintained with numerous capital improvements including dual pane windows; a new Copper water supply line from the street to the building; newer 500-amp main panel for 930 Ravenscourt; and various plumbing upgrades to the drain & sewer lines.
All interiors are in great condition with dishwashers, a private patio or balcony, luxury vinyl plank flooring, and tile in the kitchens & bathrooms. The building is centrally located ~10 minutes from downtown Campbell, the Pruneyard, and Santana Row, offering exceptional convenience. It also has easy access to Highway 17 / 280, making it an ideal location with access to numerous employers.
The property offers an excellent investment opportunity for those seeking steady rental income and appreciation, with strong tenant demand and high occupancy rates. It's a unique opportunity for both immediate returns and long-term growth in the thriving Silicon Valley rental market!
Financial Summary (Actual - 2024) 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 - 2024) 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 | $4,280,621 CAD | Property Type | Multifamily |
Price Per Unit | $535,078 CAD | Property Subtype | Apartment |
Sale Type | Investment | Lot Size | 0.32 AC |
Cap Rate | 5.30% | Building Size | 6,656 SF |
Gross Rent Multiplier | 13 | No. Stories | 2 |
No. Units | 8 | Year Built | 1962 |
Price | $4,280,621 CAD |
Price Per Unit | $535,078 CAD |
Sale Type | Investment |
Cap Rate | 5.30% |
Gross Rent Multiplier | 13 |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Lot Size | 0.32 AC |
Building Size | 6,656 SF |
No. Stories | 2 |
Year Built | 1962 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 8 | $3,705 CAD | 800 |
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PROPERTY TAXES
Parcel Number | 282-15-025 | Total Assessment | $2,728,587 CAD (2023) |
Land Assessment | $1,374,110 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $1,354,478 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
282-15-025
Land Assessment
$1,374,110 CAD (2023)
Improvements Assessment
$1,354,478 CAD (2023)
Total Assessment
$2,728,587 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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928-930 Ravenscourt Ave, 8 Units in Campbell | 928 Ravenscourt Ave
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