2243 Tomasina CtCampbell, CA 95008

Property Details for 2243 Tomasina Ct

Year built

1959

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

4,650 SF

Zone code

R3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

414-05-027

APU

41405027

Description

This exceptional investment opportunity presents a six-unit apartment building situated on a sizable 8,400 square foot lot at 2243 Tomasina Ct, Campbell, CA 95008. The property, built in 1959 and boasting 4,650 square feet, offers a desirable unit mix including one three-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, three one-bedroom/one-bathroom units, and one studio. Recent capital improvements include new dual-pane windows, enhancing energy efficiency and comfort. Modern amenities such as white and stainless steel appliances, carports, and coin-operated laundry add to the property's appeal. The building currently generates a Net Operating Income (NOI) of $126,835, representing a 5.78% cap rate, with a pro-forma NOI of $147,976 and a pro-forma cap rate of 6.74%. The asking price is $2,195,000, translating to $472.04 per square foot and $365,833.33 per unit. The land value is $274 per square foot. Conveniently located near the border of San Jose and Campbell, this property offers easy access to Highways 85 and 17, and is less than a ten-minute drive to Downtown Campbell. Its proximity to major tech employers like Netflix and Roku further enhances its investment potential. The property is a two-story building, with the Assessor's Parcel Number (APN) being 414-05-027. This is a prime opportunity for investors seeking strong returns in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,953,356

  6.5%

  $1,803,098

  7%

  $1,674,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,010,244

  Geo Method

  $2,010,244

• Alternative Use

  Use

  Valuation

  Residential

  $1,803,098

  Hospitality

  $1,651,628

  Educational

  $1,374,135

  Medical

  $1,421,393

  Retail

  $2,137,543

Location Insight

City

Campbell

County

Santa Clara

State

California

Latitude

37.2709

Longitude

-121.94

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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