30 Topeka Ave
2 Unit Apartment Building Offered at $1,488,888 at a 3.44% Cap Rate in San Jose, CA 95128
EXECUTIVE SUMMARY
Welcome 30-32 Topeka Ave, a versatile duplex offering an excellent investment opportunity. Spanning 2,093 square feet, this residence offers one unit consisting of a 3-bed / 2-bath unit originally built in 1910 and one unit consisting of 3-bed / 1-bath layout that was built in 1960. Both units boast updated kitchens with granite countertops and appliances, catering to modern living needs. The interiors are adorned with hardwood floors, enhancing each unit's warmth and character. Situated on 5,625 SqFt lot, the property offers plenty of street parking and is conveniently located near shopping centers, freeway access to 880 & 280, and schools placing you in the heart of Silicon Valley. Whether you're seeking a solid investment with rental income potential or looking to occupy one of the units, 30 Topeka Ave presents a unique opportunity in a sought-after San Jose neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,488,888 |
| Price Per Unit | $744,444 |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 5,625 SF |
| No. Stories | 1 |
| Year Built | 1910 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $3,000 | 1,000 |
1 of 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 274-17-046 | Total Assessment | $704,183 (2023) |
| Land Assessment | $449,766 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $254,417 (2023) | Tax Year | 2024 |
