2994 Huff Avenue

San Jose, CA 95128

$3,500,000
Price
Beds
7,710 Sq. Ft.
$454 / Sq. Ft.
7,710
Sq. Ft.
$454
per Sq. Ft.

Description

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...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.
  1. Listed by Kyle De Mattei • DRE #02146792 • Brokerage DRE #02214785 • Magnify Real Estate • 408-334-3226

Property Details for 2994 Huff Avenue

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 12/09/2024 03:21 AM

Property Details for 2994 Huff Avenue

StatusActive
MLS #ML81985075
Days on Compass54
Taxes$47,755 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.26 AC / 11,400 SF
CountySanta Clara County

Building Information for 2994 Huff Avenue

Stories-Residences-Year Built1960Building Size-Lot Size0.26 AC / 11,400 SF

Property Information for 2994 Huff Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 7710
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Forced Air, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 12
Garage
  • Garage and Parking: Carport, Uncovered Parking
Property Details
Homeowners Association
  • 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: 2994
  • Street Name: Huff
  • Street Suffix: Avenue
  • Area ID: 15
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 7710
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 279-07-040
  • 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, Post and Pier
  • 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: $47,755
  • Capitalization Rate: 4.89
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,244
  • Expense Landscape: $1,635
  • Expense Maintenance: $9,000
  • Expense Management: $13,769
  • Expense Trash: $6,002
  • Expenses Other: $0
  • Expenses Utility: $12,381
  • Expenses Total: $98,786
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities, Utilities - Water
  • Gross Rent Multiplier: 12.58
  • Income Annual Gross: $269,905
  • Income Annual Rental: $275,373
  • Income Gross Scheduled: $278,253
  • Income Other: $2,880
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,944
Unit 2 Information
  • Unit 2 Approx Square Footage: 717
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,201
Unit Type 1
  • Unit Type1 Approx SqFt: 617

Property History for 2994 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 2994 Huff Avenue

Taxable ValueLand$71,992Additions$264,305Total$336,297
Tax Record2024$10,036 ($836 / month)
Home Facts
Total Finished SqFt7,710 SqFtAbove Grade Finished SqFt7,710 SqFtStories2Lot Size11,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRMCountySANTA CLARAAPN279-07-040Fireplace TypeHas Fireplace

Schools near 2994 Huff Avenue

This home is within Campbell Union School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lynhaven Elementary School
CharterK to 5

Monroe Middle School
Charter6 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.

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2994 Huff Avenue is for sale in San Jose, CA 95128. This property was listed for sale on October 28, 2024 by Magnify Real Estate, it's currently listed at $3,500,000. This listing's school districts are Campbell Union School District, Campbell Union High School District. Nearby schools include Lynhaven Elementary School, Monroe Middle School and Del Mar High School. 2994 Huff Avenue is a 0-bed, 0-bath, 7,710 sqft built in 1960.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, Kyle De Mattei, DRE #02146792

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.