2243 Tomasina Ct Campbell, CA 95008

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.