Rare opportunity to purchase a Santa Clara 4 plex with Large Townhouse style units- Average unit size is 1265 square feet- Unit mix is Two (2) Three Bedroom/Two Bath Townhouses and Two ( 2) Four Bedroom/Two Bath units. The price per square foot is $573 which is significantly below the… Read More price per square of recent sales- $692. The price per unit is 25% below current replacement cost. The property has upgraded interiors , central AC and forced air heating. The windows have been upgraded. The property benefits from mature landscaping and has excellent curb appeal. The property is located in the center of Silicon Valley - Major employments hubs, transportation and national retailers are all minutes away. The City of Santa Clara does not have rent control but the property is governed by AB 1482- Under 1482, a new owner would be allowed to raise rents 5% plus CPI per year. The City of Santa Clara has their own utility company . The City of Santa Clara allows a landlord to recapture RUBS. The pipeline for new market rate MF housing is almost zero due to high construction costs. The demand for apartments is increasing - The apartment rental market is getting ready to surge . Read Less
Courtesy of Marcus & Millichap, Michael Henshaw 650-269-6453
Listing Snapshot
Days Online
4
Last Updated
Property Type
Fourplex
Square Ft.
5,060
Lot Size
0.18 Acres
Year Built
1963
MLS Number
ML81987135
30 Days Snapshot Of 95054
$1,443k
+1%
(avg) sold price
12
+71%
homes sold
16
+60%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7920.00, Max Area Units: Square Feet
Unit One
3 bedrooms in unit 1, Unit 1: approximately 1,265 square feet, Unit 1 rent: $2,965
Unit Two
4 bedrooms in unit 2, Unit 2: approximately 1,265 square feet, Unit 2 rent: $2,965
Unit Three
4 bedrooms in unit 3, Unit 3: approximately 1,265 square feet, Unit 3 rent: $3,250
Unit Four
3 bedrooms in unit 4, Unit 4: approximately 1,265 square feet, Unit 4 rent: $3,200
Accessibility Features
Other
Amenities
Walk-in Closet, Other
Building
Built in 1963, 4 building units, 2 buildings, 5,060 structure square feet
Roof
Composition
Utilities
Public Utilities
Sewer
Sewer - Public
Security Features
None
Heating
Forced Air
Cooling
Central AC, Other
Floors
Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum, Other
Foundation
Concrete Perimeter
Kitchen
Cooktop - Electric
Laundry
Coin Operated
Water Features
Public
Parking
2 parking spaces
Miscellaneous
Vacancy factor: 1
Tenant Pays
Utilities - Electric, Utilities - Gas, Other
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