Updated Duplex with Fenced
New
For Sale
$1,600,000
986 W Hacienda Ave, Campbell, CA 95008
Each unit offers three bedrooms, private outdoor space, and direct garage access from the eat-in kitchen.
Property Size2,054 SF
Price / SF$778.97
Days on Market2
Property Features for 986 W Hacienda Ave
General Information
Standard status
Active
Size
2,054 SF
Property subtype
Business Opportunity
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
updated kitchens
granite countertops
updated cabinetry
dishwashers
garbage disposals
microwaves
private garages
washer/dryer hookups
dual-pane windows
fenced backyards
patio areas
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Cal-western Realty
(408) 838-7904
Listed By:
Julie Hedrick · License #01472439
Source:
Homeisv
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 9:22AM
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 Cal-western Realty
Investment Insights
Based on property information with market context.
This 2,054-square-foot duplex, built in 1963, contains two similarly configured units. Each provides 3 bedrooms, 1 bathroom, a living room, dining area, eat-in kitchen, private garage, and fenced backyard with a patio. Kitchen updates include granite countertops, newer cabinetry, dishwashers, garbage disposals, and microwaves. Sliding doors connect the living areas to the outdoor spaces, while dual-pane windows add another documented improvement. The garages include storage capacity and washer/dryer hookups, with direct access from each kitchen.
The property occupies a large corner lot at 986 W Hacienda Ave in Campbell, California. Its location provides access to Highway 85, Highway 17, San Tomas, and Winchester, placing the duplex within the central Campbell area described in the listing.
The property occupies a large corner lot at 986 W Hacienda Ave in Campbell, California. Its location provides access to Highway 85, Highway 17, San Tomas, and Winchester, placing the duplex within the central Campbell area described in the listing.
Key Highlights
- Two‑unit duplex totaling 2,054 square feet
- Each unit includes 3 bedrooms and 1 bathroom
- Updated kitchens with granite countertops, cabinetry, dishwashers, disposals, and microwaves
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
$45,788
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
2.86%
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%
$915,760
$915.8K
Cap Rate 7%
$654,114
$654.1K
Cap Rate 9%
$508,756
$508.8K
Market Conditions
NOI Build-Up for 2,054 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
$69.0K $33.60/SF
− Vacancy
−$3.6K −$1.75/SF
EGI
$65.4K $31.85/SF
− OpEx
−$19.6K −$9.55/SF
NOI
$45.8K $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%
$915,760
Cap Rate 7%
$654,114
Cap Rate 9%
$508,756
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.4K – $763.1K
NOI $45,788 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$557.7K
$488.0K – $650.7K
NOI $39,042 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,802 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,264
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers three bedrooms, private outdoor space, and direct garage access from the eat-in kitchen.
Where is this duplex located?
The property is located at 986 W Hacienda Ave Campbell, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,054 square feet; Each unit includes 3 bedrooms and 1 bathroom; Updated kitchens with granite countertops, cabinetry, dishwashers, disposals, and microwaves
