Quadplex with Assigned
For Sale
$1,775,000
2855 Joseph Ave, Campbell, CA 95008
Corner-lot property with two-bedroom residences, in-unit laundry, dual-pane windows, and additional storage.
Property Size3,770 SF
Price / SF$470.82
Days on Market9
Property Features for 2855 Joseph Ave
General Information
Standard status
Active
Size
3,770 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,370
Amenities
dual-pane windows
in-unit laundry
assigned parking
additional storage
generous outdoor areas
Listing Agency:
Los Gatos Properties
(408) 354-4500
Listed By:
Alexandra Celo-Cruz
(408) 221-8101
Source:
Exprealty
Added: Sep 14
Changed: Sep 22
Last Checked: Sep 21 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Gatos Properties
Investment Insights
Based on property information with market context.
Located at 2855 Joseph Avenue in Campbell, this quadplex contains four residences totaling 3,770 square feet. Each unit measures approximately 950 square feet and includes two bedrooms, one bathroom, dual-pane windows, in-unit laundry, assigned parking, and additional storage. The layouts provide practical living areas suited to multifamily occupancy.
The property occupies a corner lot with generous outdoor areas. Its location provides access to Downtown Campbell, shopping, dining, parks, and nearby schools, with convenient connections to Highways 17 and 280. The combination of four two-bedroom units, resident amenities, parking, and outdoor space creates a straightforward multifamily configuration in an established area.
The property occupies a corner lot with generous outdoor areas. Its location provides access to Downtown Campbell, shopping, dining, parks, and nearby schools, with convenient connections to Highways 17 and 280. The combination of four two-bedroom units, resident amenities, parking, and outdoor space creates a straightforward multifamily configuration in an established area.
Key Highlights
- Four‑unit multifamily property totaling 3,770 square feet
- Each unit is approximately 950 SF with 2 bedrooms and 1 bathroom
- Dual‑pane windows and in‑unit laundry in every residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,840
$1.7M
Cap Rate 7%
$1,200,600
$1.2M
Cap Rate 9%
$933,800
$933.8K
Market Conditions
NOI Build-Up for 3,770 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.7K $33.60/SF
− Vacancy
−$6.6K −$1.75/SF
EGI
$120.1K $31.85/SF
− OpEx
−$36.0K −$9.55/SF
NOI
$84.0K $22.29/SF
Area
Santa Clara County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,840
Cap Rate 7%
$1,200,600
Cap Rate 9%
$933,800
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,042 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$1.02M
$895.8K – $1.19M
NOI $71,660 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,320 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 95008, CA
49,038
Population
20,013
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
7,544
Density / Sq Mi
$142,841
Median Household Income
$84,022
Median Earnings
$2,694
Median Rent
$1,578,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot property with two-bedroom residences, in-unit laundry, dual-pane windows, and additional storage.
Where is this quadplex located?
The property is located at 2855 Joseph Ave Campbell, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 3,770 square feet; Each unit is approximately 950 SF with 2 bedrooms and 1 bathroom; Dual‑pane windows and in‑unit laundry in every residence
