Fully Occupied 4-Unit Multifamily Investment in the Heart of Silicon Valley! This well-maintained 3,008 SF property sits on a 0.15-acre lot in Santa Clara and is comprised entirely of spacious 2-bedroom, 1-bath units averaging 752 SF each a rare, uniform unit mix that simplifies management and appeals to a consistent… Read More renter pool. 100% occupied with in-place rents running roughly 9% below market, the asset offers investors stable current income (4.01% cap) plus clear upside through future rental optimization (4.57% pro forma cap). Individually metered electric and gas, attached garage parking for each unit, and a prime location near major employment centers, top-performing school districts, and regional transit corridors make this an attractive hold in one of the Bay Area's most supply-constrained rental markets. Priced at $1,995,000 ($498,750/unit, $663/SF). A rare opportunity to own a fully leased, turnkey asset in the heart of Silicon Valley. Read Less
Courtesy of Marcus & Millichap, Eymon Binesh 650-546-1030
Listing Snapshot
Days Online
15
Last Updated
Property Type
Fourplex
Square Ft.
3,008
Lot Size
0.15 Acres
Year Built
1962
MLS Number
ML82062098
30 Days Snapshot Of 95050
$1.18M
-30%
(avg) sold price
14
+7%
homes sold
33
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6600.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1: approximately 752 square feet, Unit 1 rent: $2,627
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 752 square feet, Unit 2 rent: $2,540
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 752 square feet, Unit 3 rent: $2,995
Unit Four
2 bedrooms in unit 4, Unit 4: approximately 752 square feet, Unit 4 rent: $2,455
Accessibility Features
None
Building
Built in 1962, 4 building units, 1 building, 3,008 structure square feet
Roof
Rolled Composition
Utilities
Public Utilities
Sewer
Sewer - Public
Security Features
None
Heating
Gas
Cooling
None
Foundation
Concrete Perimeter
Water Features
Public
Garage
4 garage spaces
Miscellaneous
Vacancy factor: 3
Tenant Pays
Rent Only, Utilities - Electric, Utilities - Gas
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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