2930 Huff Avenue

San Jose, CA 95128

$3,750,000
Last Sold Price
Beds
7,927 Sq. Ft.
$473 / Sq. Ft.
7,927
Sq. Ft.
$473
per Sq. Ft.

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.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.
  1. Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-996-9384

Property Details for 2930 Huff Avenue

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
Villa Genoa
Garage Spaces
0
Parking Spaces
0
Cross Street
Magliocco Drive

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Bishop Clancy Commercial Real Estate, Inc., David Clancy, DRE #01252697

Add your commute
LISTING UPDATED: 06/30/2021 10:06 AM

Property Details for 2930 Huff Avenue

StatusSold
MLS #ML81827475
Days on Compass67
Taxes$53,488 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.26 AC / 11,423 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Bishop Clancy Commercial Real Estate, Inc., David Clancy, DRE #01252697

Add your commute

Building Information for 2930 Huff Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.26 AC / 11,423 SF

Payment Calculator

$24,923 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$4,457

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2930 Huff Avenue

Features
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 7927
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 12
Garage
  • Garage and Parking: Carport, Covered Parking
Property Details
Homeowners Association
  • HOA Amenities: Common Utility Room, Community Security Gate
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 12
  • Area Text: Campbell
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2930
  • Street Name: Huff
  • Street Suffix: Avenue
  • Area ID: 15
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 7927
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Zoning Detail: RM
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 279-07-045
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95128
  • Elementary School District: 454
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .26
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 12
General Information
  • Annual Tax Amount: $53,488
  • Capitalization Rate: 2.86
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,171
  • Expense Landscape: $1,800
  • Expense Maintenance: $8,400
  • Expense Management: $0
  • Expense Trash: $2,448
  • Expenses Other: $3,880
  • Expenses Utility: $8,984
  • Expenses Total: $82,171
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 20.34
  • Income Annual Gross: $196,381
  • Income Annual Rental: $193,981
  • Income Gross Scheduled: $196,381
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,093
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,528

Property History for 2930 Huff Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2930 Huff Avenue

Taxable ValueLand$1,779,084Additions$2,122,416Total$3,901,500
Tax Record2023$52,590 ($4,383 / month)
Home Facts
Total Finished SqFt7,927 SqFtAbove Grade Finished SqFt7,927 SqFtStories2Lot Size11,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningRMCountySANTA CLARAAPN279-07-045Fireplace TypeHas Fireplace

Schools near 2930 Huff Avenue

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lynhaven Elementary School
CharterK to 5

Monroe Middle School
Charter5 to 8

Del Mar High School
Public9 to 12

Boynton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.