2930 Huff Avenue

San Jose, CA 95128

$3,995,000
Price
Beds
7,927 Sq. Ft.
$504 / Sq. Ft.
7,927
Sq. Ft.
$504
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.

Property Details for 2930 Huff Avenue

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
Villa Genoa
Garage Spaces
0
Parking Spaces
0

Location

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

Property Details for 2930 Huff Avenue

StatusContingent - Show
MLS #ML81827475
Days on Market81
Taxes$53,488 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1961
Lot Size0.26 AC / 11,423 SF
CountySanta Clara County

Listing Agent

Justin Bautista

Justin Bautista

Newmark Cornish & Carey

jbautista@aranewmark.com

P: 650.996.9384

DRE #01268331

Contact Agent(s)

Location

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

Building Information for 2930 Huff Avenue

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

Payment Calculator

$17,846 per month

30 year fixed, 2.95% Interest

Principal and Interest

$13,388

Property Taxes

$4,457

HOA Dues

$0

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Property Information for 2930 Huff Avenue

Features
    Features
  • 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 Parking Features: Carport , Covered Parking
Property Details
    Homeowners Association
  • HOA Amenities: Common Utility Room, Community Security Gate
  • HOA Exists: 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
  • Cross Street: Magliocco Drive
  • 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 Ave

DateEvent & SourcePriceAppreciation
Apr 5, 2021

Pending

EBRD #ML81827475

Apr 5, 2021

Contingent - Show

MLSListings #ML81827475

Jan 28, 2021

Listed (Active)

EBRD #ML81827475

$3,995,000
DateEvent & SourcePrice
04/05/2021

Pending

EBRD #ML81827475

04/05/2021

Contingent - Show

MLSListings #ML81827475

01/28/2021

Listed (Active)

EBRD #ML81827475

$3,995,000

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$1,530,000Additions$1,785,000Total$3,315,000
Tax Record2020$45,356 ($3,780 / month)
Home Facts
Total Finished SqFt7,927 SqFtAbove Grade Finished SqFt7,927 SqFtStories2Lot Size11,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961Year Renovated1961ZoningRMCountySANTA CLARAAPN27907045

Schools near 2930 Huff Avenue


SchoolTypeGradesDistanceRating
Monroe Middle SchoolCharter5-80.4 mi
4
Beginning Steps To IndependencePrivate0.6 mi
NR
Lynhaven Elementary SchoolCharterK-50.8 mi
5
St. Martin Of Tours SchoolPrivatePK-80.9 mi
NR

Monroe Middle School

5-8, 0.4 mi, Charter

4

Beginning Steps To Independence

0.6 mi, Private

NR

Lynhaven Elementary School

K-5, 0.8 mi, Charter

5

St. Martin Of Tours School

PK-8, 0.9 mi, Private

NR

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.

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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. No financial or legal advice provided. Equal Housing Opportunity.

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

Based on information from the San Francisco Association of Realtors as of 01/27/2021 12:00 AM, the MLSListings MLS as of 01/27/2021 12:00 AM, or the BAREIS MLS as of 01/27/2021 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/06/2021 02:22 PM