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For Additional Information Contact:
Bill Harrigan
Direct 408-342-3107
bharrigan@interocommercial.com
Rob Ellis
Direct 408-342-3120
rellis@interocommercial.com
www.incomeproperty1031.com
10 Unit Apartment Building
779 Deland Ave.
San Jose, Ca
LOCATION:
Located in West San Jose near San Jose City College & all the
amenities of downtown San Jose. Easy access to major
shopping malls, restaurants and Highways 280 & 880.
FEATURES AND BENEFITS:
Meticulously Maintained & In Great Condition
Great Unit Mix
Long Term Quality Tenants
Solid, Secure Income Stream
Easy to Rent & Manage
3Br/2Ba Owner’s Unit with Large Deck
Great Location
CONDITION:
This building is in top condition and has been maintained
superbly. New paint & landscaping on a large corner lot makes
for great visibility.
Property Summary
Property Name:
Property Address:
City, State, Zip:
Price:
# of Units:
Land Size:
Age:
Villa Corner Apartments
779 Deland Ave.
San Jose, Ca 95128
$
1,370,000
10
12,840
42
Investment Summary
GRM:
Cap Rate:
Rentable Square Feet:
Price Per Square Foot:
Price Per Unit:
Down Payment:
Down Payment %:
$
$
$
12.11
5.04%
7,323
187.08
137,000
579,998
42%
Financing Terms
Rent Roll & Monthly Scheduled Income
Terms:
30 Year ARM @ 5.25 # of Units
Amount:
Monthly Payment:
Seller Carry Terms:
Seller Carry Payment:
Total Monthly Payment:
Bed
Bath
Rent
1
1
1
1
1
1
3
2
2
2
1
1
2
1
1
1
1
1
$ 1,400
$ 1,050
$ 1,050
$ 1,000
$ 825
$ 825
$
$
$
$
$
$
1,400
1,050
1,050
1,000
825
825
1
1
1
1
1
1
1
1
1
1
1
1
$
$
$
$
$
$
$
$
$
$
$
$
$
775
775
775
750
-
17,125
5,570
3,500
3,500
2,500
2,300
-
$
$
$
$
$
$
$
$
-
Monthly Rental Income:
3,393 Other Income:
500 Laundry:
Total Monthly Income:
38,388 Gross Annual Sched. Income:
$
9,225
$
$
$
200
9,425
113,100
$
$
790,002
4,378
$
4,378
Annualized Operating Data
Scheduled Gross Income:
Less Vacancy Factor:
Gross Operating Income:
Less Expenses:
Net Operating Income:
Less Loan Payment:
Pre-Tax Cash Flow:
Cash-On-Cash Return:
$
5%
$
$
33.9416% $
$
$
$
113,100
5,655
107,445
38,388
69,057
52,536
16,521
2.85%
Annualized Expenses
New Real Property Taxes:
Fire & Hazard Insurance:
PG&E:
Water & Sewer:
Garbage:
Landscape:
Prof. Full Service Management:
Resident Manager:
Pool Service:
Maintenance & Repair:
Miscellaneous:
Other:
Annual Operating Expense:
0%
3%
$
$
$
$
$
$
$
$
$
33.9416% $
775
775
775
750
Monthly Income
This information has been obtained from sources deemed to be reliable. Neither Intero Commercial nor its agents make any guarantees, implied or otherwise, to its accuracy. Confirm all information.
779 Deland Ave.
San Jose, Ca
Parcel Map
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779 Deland Ave.
San Jose, Ca
City Map
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