Description
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 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 .
Property Type
Residential IncomeCounty
Santa ClaraStyle
Residential IncomeAD ID
47744680
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Composition
- Property Appliances: Electric Cooktop
- Flooring: Carpet,Laminate,Tile,Wood
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Forced Air
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1963
- Building Area Total: 5,060
- Roof: Composition
Foundation
- Concrete Perimeter
Accessibility Features
- Other
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1818
- Lot Size Source: Assessor
- Lot Size Square Feet: 7920
-
Listing Information
Listing Price Information
- Original List Price: 2,700,000
- Listing Contract Date: 2024-11-20
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 10120025
- Annual Tax: 31563
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport,Other,Uncovered
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Zoning: R3
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Quadruplex
Building and Construction
- Property Age: 61
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Total Square Feet Living: 5060
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BuyOwner last updated this listing 11/23/2024 @ 23:36
- MLS: ML81987135
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 14 bedrooms which is for sale, it has 5,060 sqft, 7,920 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Clara , in zip code 95054, this Santa Clara County Home are nearby neighborhoods.