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Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
802 Deland Avenue ~ San 802 Deland Avenue ~ San 802 Deland Avenue ~ San 802 Deland Avenue ~ San Jose, Jose, Jose, Jose, CA 95128CA 95128CA 95128CA 95128
Beautiful 4-plex Central San Jose!
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Disclosures
• The information contained in the following Marketing Presentation is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Losness Group and should not be made available to any other person or entity without the written consent of Losness Group. This Marketing Brochure is intended to be used for the sole purpose of preliminary evaluation.
• This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Losness Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
• The information contained in this Marketing Presentation has been obtained from sources we believe to be reliable; however, Losness Group has not verified, and will not verify, any of the information contained herein. Losness Group makes no representation or warranty regarding the property, including but not limited to: income, expenses, or financial performance (past, present or future); size, square footage, condition of property. Losness Group has not conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Any potential buyer must independently investigate and verify all information set forth in Marketing Presentation and is solely responsible for all costs and expenses incurred in reviewing the Marketing Presentation and/or investigating and evaluating the property.
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Table of Contents
Section 1
Property Description
Section 2
Investment Summary & Analysis
Section 3
Sales Comparables
Section 4
Losness Group Marketing
Section 5
Losness Group Resume
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Property Description
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Value Assessment
• 802 Deland Ave San Jose CA 95128:802 Deland Ave San Jose CA 95128:802 Deland Ave San Jose CA 95128:802 Deland Ave San Jose CA 95128:
• Estimate of Value Range: $1,550,000$1,550,000$1,550,000$1,550,000----1,650,0001,650,0001,650,0001,650,000
• Average Price Per Square Foot: $434.34=$1,336,060$434.34=$1,336,060$434.34=$1,336,060$434.34=$1,336,060
• Average Price Per Unit: $395,260=$1,581,040$395,260=$1,581,040$395,260=$1,581,040$395,260=$1,581,040
• Estimate of Value: $1,575,000$1,575,000$1,575,000$1,575,000
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Property Profile
ZoningZoningZoningZoning RMRMRMRM
FoundationFoundationFoundationFoundation Concrete PerimeterConcrete PerimeterConcrete PerimeterConcrete Perimeter
FramingFramingFramingFraming WoodWoodWoodWood
ExteriorExteriorExteriorExterior StuccoStuccoStuccoStucco
Parking SurfaceParking SurfaceParking SurfaceParking Surface ConcreteConcreteConcreteConcrete
RoofRoofRoofRoof CompositionCompositionCompositionComposition
ParkingParkingParkingParking Tuck under parkingTuck under parkingTuck under parkingTuck under parking
WindowsWindowsWindowsWindows Double PaneDouble PaneDouble PaneDouble Pane
Year BuiltYear BuiltYear BuiltYear Built 1961196119611961
Property AddressProperty AddressProperty AddressProperty Address 802 Deland Avenue802 Deland Avenue802 Deland Avenue802 Deland Avenue
Major Cross StreetMajor Cross StreetMajor Cross StreetMajor Cross Street Southwest Expy/ Meridian AvenueSouthwest Expy/ Meridian AvenueSouthwest Expy/ Meridian AvenueSouthwest Expy/ Meridian Avenue
Parcel NumberParcel NumberParcel NumberParcel Number 282282282282----37373737----035035035035
Number of UnitsNumber of UnitsNumber of UnitsNumber of Units 4444
Number of BuidingsNumber of BuidingsNumber of BuidingsNumber of Buidings 1111
Number of StoriesNumber of StoriesNumber of StoriesNumber of Stories 2222
Unit MixUnit MixUnit MixUnit Mix (1) 3/1.5 & (3) 2/1(1) 3/1.5 & (3) 2/1(1) 3/1.5 & (3) 2/1(1) 3/1.5 & (3) 2/1
Gross Living AreaGross Living AreaGross Living AreaGross Living Area 3,076 SF3,076 SF3,076 SF3,076 SF
Lot SizeLot SizeLot SizeLot Size 6,229 SF6,229 SF6,229 SF6,229 SF
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Local Map
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Regional Map
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Aerial Map
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Parcel Map
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
95128 Zip Code Map
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Investment Summary
& Analysis
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Property Overview
The subject property consists of (1)
two-story building totaling
approximately 3,076 square feet.
The building is situated on a parcel
approximately 6,229 square feet.
The unit mix features (1) 3
bedroom/ 1.5 bath owner’s unit,
and (3) 2 bedroom/ 1 bath unit.
The building is concrete perimeter,
wood framed with stucco siding
and a composition roof. There is
tuck under parking as well as
ample street parking. The 4-plex
also features laundry facilities for
additional income.
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Estimated Operating StatementPRICE $1,475,888 PROPOSED FINANCING
Down Payment 50% $750,000
Number of Units 4 Loan Amount $725,888
Price/Unit $368,972 Loan Type 30 Year Fixed
Rentable Square Feet 3,076 Interest Rate 4.00%
Price/Square Foot $480 Amortization 30
Current CAP Rate 2.97% Term 30
Pro Forma CAP Rate 6.38% Monthly Payment $3,466
Current GRM 22.36 Debt Coverage Ratio 1.05
Pro Forma GRM 12.55 Market Debt Coverage Ratio 2.27
Lot Size 6,229 SF Year Built 1961
INCOME CURRENT PRO FORMA EXPENSES CURRENT PRO FORMA
Gross Potential Income $66,000 $117,600 Taxes 1.21% $17,858 $17,858
Other Income $1,200 $1,200 Special Assessments $1,776 $1,776
Gross Annual Income $67,200 $116,400 Util ities $1,000 $1,000
Vacancy (0%) $0 $0 1,538 1,538
Effective Gross Income $67,200 $117,600 Garbage 1,200 1,200
Less Expenses $23,372 $23,372 Total Expenses $23,372 $23,372
NET OPERATING INCOME $43,828 $94,228 Expenses/Unit $5,843 $5,843
Debt Service $41,586 $41,586 Expenses/SF $7.60 $7.60
Net Cash Flow after Debt Service $2,242 $52,642 % of EGI 34.8% 19.9%
RENT ROLL # OF UNITS BED/BATH
3 2/1 $1,300 $3,900 $2,300 $6,900
1 3/1.5 $1,600 $1,600 $2,900 $2,900
MONTLY TOTALS $5,500 $9,800
PRO FORMACURRENT RENTS
Insurance
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Sales Comparables
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Sales Comparables828 Di Fiore Drive - San Jose 95128
# of Units: 4 Sale Date: 9/8/2017
List Price: $1,500,000 Price/SF: $421
Sales Price: $1,515,000 Year Built: 1964
Unit Mix: (1) 3/2, (2) 2/1 & (1) 1/1.
Gross Living Area: 3,597 SF. Lot Size: 7,093 SF.
Gross Annual Income: $97,500. Rents for 3/2: $3,200. Rents for 2/1 : $1,806.
Rent for 1/1 : $1,313.
Days on Market: 23
1151 Francisco Avenue - San Jose 95128
# of Units: 4 Sale Date: 6/12/2017
List Price: $1,599,000 Price/SF: $402
Sales Price: $1,565,000 Year Built: 1963
Unit Mix: (1) 3/1.5, (2) 2/1 & (1) 1/1.
Gross Living Area: 3,895 SF. Lot Size: 7,630 SF.
Gross Annual Income: $104,880. Rents for 3/1.5: $3,050. Rents for 2/1 : $1,690-
$2,250. Rent for 1/1 : $1,750.
Days on Market: 9
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Sales Comparables
972 College Drive - San Jose 95128
# of Units: 4 Sale Date: 1/1/2018
List Price: $1,450,000 Price/SF: $445
Sales Price: $1,470,000 Year Built: 1959
Unit Mix: (4) 2/1 .
Gross Living Area: 3,300 SF. Lot Size: 6,710 SF.
Gross Annual Income: $82,356. Rent for 2/1 : $1598-$1,999.
Days on Market: 27.
The Losness Group represented the seller in this transaction.
792 Concord Avenue - San Jose 95128
# of Units: 4 Sale Date: 10/25/2017
List Price: $1,525,000 Price/SF: $398
Sales Price: $1,500,000 Year Built: 1959
Unit Mix: (1) 3/2 & (3) 2/1.
Gross Living Area: 3,770 SF. Lot Size: 7,804 SF.
Gross Annual Income: $60,600. Rent for 3/2: $1,800. Rent for 2/1: $1,050-
$1,150.
Days on Market: 99.
Updated kitchen, remodeled baths. Dual pane windows.
Aaron Losness Broker, MBA, CCIM
Tel (408) 824-1112
BRE No. 01342116
3131 S Bascom Ave.
Suite 230
Campbell, CA 95008
80
2 D
ela
nd
Av
en
ue
Ma
rketin
g8
Pa
cka
ge
www.losnessgroup.com
David LewisCommercial Assistant
Tel (408) 402-1240
Comparative Analysis
ADDRESS PRICE UNIT MIX PRICE/SFGROSS ANNUAL
INCOME
828 Di Fiore Drive $1,585,000 (1) 3/2, (2) 2/1 & (1) 1/1 $421 $97,500
1151 Francisco Avenue $1,565,000 (1) 3/1, (2) 2/1 &(1) 1/1 $402 $104,782
792 Concord Avenue $1,500,000 (1) 3/2 &(3) 2/1 $397 $60,600
972 College Drive $1,470,000 (4) 2/1 $445 $82,356
AVERAGE $1,530,000 $416 $86,310
802 Deland Avenue $1,475,888 (1) 3/1.5 & (3) 2/1 $480 $67,200
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