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2243 Tomasina Court Campbell, CA 95008-6221

Residential Income in Campbell   .::. Schedule a Visit .::. .::. Map of Area .::. .::. More Photos .::.           Excellent rental income can be found right here. This investment opportunity is unique because Campbell apartment buildings of this size range are rarely offered for sale. The property has stable tenant profile, central location. The absence of rent control provides the apartment investor an outstanding opportunity for cash flow and price appreciation.   The complex consists of 5 units and 1 house. The unit mix consists of 1 three-bedroom/two-bath house, 1 two-bedroom/one- bath unit, 3 one-bedroom/one-bath units, and a studio. The individual floor plans are spacious, and the building surrounds a pleasant courtyard area. Each unit is equipped with a refrigerator, and gas wall furnace. All baths have been remodeled recently. All units have individual gas, electric and water meters. The construction is wood frame and stucco with a composition roof. There are six covered parking spaces. All paved areas are in excellent condition, and the low maintenance grounds are well cared for. PROPERTY DESCRIPTION Price $1,249,000 GRM 20.14 Year Built 1959 Number of Units 6 Cap Rate 3.59% Parcel Number 414-05-027 Parking 10 Cost per Unit $208,166 Lot Size ± 8400 Sqft Building Area(1) 4650 Cost per Sqft $268.60 Zoning Multiple Unit CASH FLOW ANALYSIS CASH FLOW ANALYSIS Annualized Operating Data:   # Unit Type Mo. Rent Scheduled Gross Income $ 62,017 1 3 / 2 $ 1,500 Vacancy Reserved (3% projected) $ 1,861 2 1 / 1 $ 750 Effective Gross Operating Income $ 60,156 3 1 / 1 $ 750       4 2 / 1 $ 1,200 Annualized Expenses: (2)   5 1 / 1 $ 760 General Cleaning $ 1,961 6 0 / 1 $ 650 Insurance $ 1,444 Landscaping $ 250 Great Campbell location. One 3bedroom 2bath (house) in front with hardwood floor! One 2 bedroom 1 bath; three 1 bedroom 1 bath; and studio in back. All baths are remodeled. Great size with huge upside potential - house a bonus to 5-unit pricing! Great investment opportunity. Please do not disturb tenants, current monthly rent $5610. Compare size and locations! Fax offers to owner/broker 408-263-4188. Misc. Licenses, Fees $ 2,250 Property Taxes $ 7,828 Repairs & Maintenance $ 500 Utilities $ 2,886      Garbage $ 1,200        PG&E $ 444        Water/Sewer $ 1,242   Total Operation Expenses: $ 17,127 Net Operating Income: $ 44,890 (1) Per County Assessor Records (2) 2004 Actual expenses, except repairs & maintenance @ 5% of GSI & new property taxes @ approx. 1.2% of list price. Property management fees excluded