Thank you
Michael Henshaw
Marcus & Millichap
650-391-1700
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 price per square of recent comparables 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 - Historically, the utility expenses have been lower than neighboring cities. 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 . Buy now!
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1065327181 | 0 | 4 | 0 | 0 |
2 | 1065327181 | 0 | 4 | 0 | 0 |
3 | 1065327181 | 0 | 3 | 0 | 0 |
4 | 1065327181 | 0 | 3 | 0 | 0 |
Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Roof : Composition
Property Appliances: Electric Cooktop,Electric Oven,Disposal,Refrigerator,Vented Exhaust Fan
Flooring: Carpet,Tile,Wood
Central Air
Air Conditioning
Central
Has Heating
Year Built: 1963
Building Area Total: 5,060
Construction: Other
Roof: Composition
Concrete Perimeter
Other,Parking
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.18
Lot Size Source: Assessor
Lot Size Square Feet: 7841
Original List Price: 2,900,000
Listing Contract Date: 2024-04-05
Listing Agreement: Seller Reserved
Parcel Number: 10120025
Annual Tax: 33901
Garage Description: Covered,Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Zoning: R3
Source Property Type: Residential Income
Area: 699 - Not Defined
Property SubType: Quadruplex
Property Age: 61
Structure Type: Quadruplex
Year Built Source: Assessor
Total Square Feet Living: 5060
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
475 Wildwood Way, Santa Clara, CA,95054 | $1,588,000 | 3 | 2 | 1,312 | 8153 Sqft |
4150 Bassett Street, Santa Clara, CA,95054 | $1,600,000 | 3 | 1 | 908 | 15506 Sqft |
4143 Cheeney St, Santa Clara, CA,95054 | $1,949,900 | 6 | 5 | 1,970 | 7500 Sqft |
4279 Macedo Place, Santa Clara, CA,95054 | $1,245,000 | 3 | 2 | 1,199 | 1742 Sqft |
2200 Agnew Road #118, Santa Clara, CA,95054 | $749,000 | 2 | 2 | 1,195 | -- |
1883 Agnew Road #257, Santa Clara, CA,95054 | $899,000 | 2 | 2 | 1,070 | -- |
2200 Agnew Road #205, Santa Clara, CA,95054 | $780,000 | 2 | 2 | 1,390 | 1648 Sqft |
2200 Agnew Road #216, Santa Clara, CA,95054 | $749,900 | 2 | 2 | 1,092 | -- |
1031 Clyde Avenue #104, Santa Clara, CA,95054 | $824,950 | 3 | 2 | 1,266 | -- |
1883 Agnew Road #448, Santa Clara, CA,95054 | $899,000 | 2 | 2 | 1,070 | -- |
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ByOwner last updated this listing 05/06/2024 @ 04:18
MLS: ML81960387
LISTED BY: Michael Henshaw, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.