Joseph Avenue | 2856 Joseph Ave
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Joseph Avenue 2856 Joseph Ave
8 Unit Block of Flats £2,035,620 (£254,452/Unit) 4.17% Net Initial Yield Campbell, CA 95008
Investment Highlights
- Location near Bascom Ave retail and the Pruneyard shopping with access to Hwy 880 north and Hwy 17 south.
- Rent Income consistant
Executive Summary
First time on market in many years. Property provides long term tenancy tenants. Income flow is steady. Low vacancy to the complex. Rents quickly if a vacancy happens. Rents go up 5% per year on average.
Do Not disturb the occupant tenants. Make offer subject to buyer visual inspection. Drive by only. Seller will cooperate in 1031 or Starker tax exchange by the Buyer at Buyer expense. Price correctly. No disclosures until a deal is made. SB 321 may need attention however at this price you have a nice deal.
Do Not disturb the occupant tenants. Make offer subject to buyer visual inspection. Drive by only. Seller will cooperate in 1031 or Starker tax exchange by the Buyer at Buyer expense. Price correctly. No disclosures until a deal is made. SB 321 may need attention however at this price you have a nice deal.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£131,113
|
£25.45
|
| Other Income |
£1,578
|
£0.31
|
| Vacancy Loss |
£710
|
£0.14
|
| Effective Gross Income |
£131,981
|
£25.62
|
| Taxes |
£16,411
|
£3.19
|
| Operating Expenses |
£26,826
|
£5.21
|
| Total Expenses |
£43,237
|
£8.39
|
| Net Operating Income |
£88,744
|
£17.23
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £131,113 |
| Annual Per SF | £25.45 |
| Other Income | |
|---|---|
| Annual | £1,578 |
| Annual Per SF | £0.31 |
| Vacancy Loss | |
|---|---|
| Annual | £710 |
| Annual Per SF | £0.14 |
| Effective Gross Income | |
|---|---|
| Annual | £131,981 |
| Annual Per SF | £25.62 |
| Taxes | |
|---|---|
| Annual | £16,411 |
| Annual Per SF | £3.19 |
| Operating Expenses | |
|---|---|
| Annual | £26,826 |
| Annual Per SF | £5.21 |
| Total Expenses | |
|---|---|
| Annual | £43,237 |
| Annual Per SF | £8.39 |
| Net Operating Income | |
|---|---|
| Annual | £88,744 |
| Annual Per SF | £17.23 |
Property Facts
| Price | £2,035,620 | Apartment Style | Low Rise |
| Price Per Unit | £254,452 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Net Initial Yield | 4.17% | Building Size | 5,152 SF |
| Gross Rent Multiplier | 17 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Price | £2,035,620 |
| Price Per Unit | £254,452 |
| Sale Type | Investment |
| Net Initial Yield | 4.17% |
| Gross Rent Multiplier | 17 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,152 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Cable Ready
- Heating
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | £1,499 | 630 |
| 2+1 | 2 | £1,854 | 720 |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 414-05-007 | Total Assessment | £1,068,748 (2023) |
| Land Assessment | £485,794 (2023) | Annual Taxes | £16,411 (£3.19/sf) |
| Improvements Assessment | £582,953 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
414-05-007
Land Assessment
£485,794 (2023)
Improvements Assessment
£582,953 (2023)
Total Assessment
£1,068,748 (2023)
Annual Taxes
£16,411 (£3.19/sf)
Tax Year
2024
zoning
| Zoning Code | RM |
| RM |
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Joseph Avenue | 2856 Joseph Ave
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