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    491 Leigh Ave Version 2

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    justusleague
    This property listing summarizes a 4-unit apartment building located at 491 Leigh Ave. in San Jose, California that is for sale. Key details include an offering price of $888,000, 3480 total square feet across 8 units that are each rented out for $900 on average, and a 5.97% capitalization rate based on the current net operating income. The contact information is provided for two brokers representing the sale, Monica Yeung and Carl Yeung of Just Global, Inc. A disclaimer notes that the information should not be relied upon without independent verification.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    491 Leigh Ave Version 2

    Uploaded by

    justusleague
    41 views2 pages
    This property listing summarizes a 4-unit apartment building located at 491 Leigh Ave. in San Jose, California that is for sale. Key details include an offering price of $888,000, 3480 total square feet across 8 units that are each rented out for $900 on average, and a 5.97% capitalization rate based on the current net operating income. The contact information is provided for two brokers representing the sale, Monica Yeung and Carl Yeung of Just Global, Inc. A disclaimer notes that the information should not be relied upon without independent verification.

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    This property listing summarizes a 4-unit apartment building located at 491 Leigh Ave. in San Jose, California that is for sale. Key details include an offering price of $888,000, 3480 total square feet across 8 units that are each rented out for $900 on average, and a 5.97% capitalization rate based on the current net operating income. The contact information is provided for two brokers representing the sale, Monica Yeung and Carl Yeung of Just Global, Inc. A disclaimer notes that the information should not be relied upon without independent verification.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views2 pages

    491 Leigh Ave Version 2

    Uploaded by

    justusleague
    This property listing summarizes a 4-unit apartment building located at 491 Leigh Ave. in San Jose, California that is for sale. Key details include an offering price of $888,000, 3480 total square feet across 8 units that are each rented out for $900 on average, and a 5.97% capitalization rate based on the current net operating income. The contact information is provided for two brokers representing the sale, Monica Yeung and Carl Yeung of Just Global, Inc. A disclaimer notes that the information should not be relied upon without independent verification.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    For Sale 491 Leigh Ave .

    San Jose

    Investment Highlights

    Executive Summary
    MLS # : 81111389 Address Offering Price Sq Ft Lot Size Price per SqFt Price per Unit Cap Rate GRM Year Built 491 Leigh Ave, San Jose, CA $888,000 3480 6098 $255.17 $111,000 5.97% 10.14 1956

    Regular Sale Easy access to Hwy 280 Walk to San Jose City College Upside rent potential

    Broker Contact Information: Just Global. Inc 1525 McCarthy Blvd, Milpitas, CA 95035 Monica Yeung CA Lic: 01225247 408-799-2839 [email protected] Carl Yeung CA Lic: 01148797 510-501-2248 [email protected]

    Disclaimer/Confidentiality, Terms, and Conditions: The information contained herein is strictly confidential, furnished solely for the purpose of considering the acquisition of the property described herein and is not to be used for any other purpose or made available to any other person without the expressed written consent of Just Global, Inc. It has been obtained from the Seller and may include other sources believed to be reliable, but no representation is being made with regard to its accuracy or completeness. Prospective buyers should undertake their own investigations and reach their own conclusions without reliance upon the material contained herein. Neither the Seller nor the Agent nor any of their respective officers, agents or principals has make or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or its contents. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. The Seller and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the Property and/or terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by the Seller, and any conditions to the Buyers obligations there under have been satisfied or waived.

    For Sale 491 Leigh Ave . San Jose

    Rent Roll
    unit 1 unit 2 unit 3 unit 4 unit 5 unit 6 unit 7 unit 8 $900 $850 $900 $900 $1050 $900 $900 $900

    UnitMixandRentalSummary
    1brx1ba Total Units Avgsf* %Mix Approxsf AvgRent persf 8 435 100% 3480 900 $2.07

    *sfhasbeenestimatedbasedonthetotalbuildingsquarefootage.

    ProformaFinancials
    Annual

    RentalIncome LaundryIncome Less:5%vacancyloss AdjustedGrossIncome Expenses: Water Garbage Pestcontrol Electricity Insurance Maintenanceallowance4%GI Propertytax 6%propertymanagementfee TotalOperatingExpenses NetOperatingIncome

    86,400 1,200 (4,380) 83,220 1,800 1,632 1,320 840 2,600 3,456 13,600 4,925 30,173 53,047

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