Excellent investment opportunity for a first-time investor or for an investor seeking to expand an existing portfolio. Property consists of a single-story, 3,556 sqft, situated on a 10,014 sqft parcel. The property is comprised of four 2BD/1BA units, each approximately 850 square feet in size. Amenities include air conditioning, dishwashers and washers & dryers in all units offering a level of convenience and functionality that supports tenant retention. Parking is accommodated by covered spaces for each unit, along with one additional on-site parking space per unit. Each unit also includes a dedicated storage closet. Two of the units benefit from private backyard areas, while all residents have access to a shared, landscaped courtyard, providing usable outdoor space that enhances livability. The asset is not subject to municipal rent control, allowing for flexibility in rent adjustments in accordance with California state regulations. Close proximity to many technology companies including ServiceNow, Applied Materials, Intel, NVIDIA, Advanced Micro Devices, Marvell Technology, Palo Alto Networks, and Agilent Technologies. A variety of retail, dining, and recreational amenities, as well as convenient access to major transportation corridors close by.
| MLS # | ML82063660 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 18 |
| Listing Provided By | SiliconValley MultiFamilyGroup | Michael Shields |
| SQ Feet | 3,556 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | R318 |
| Acreage | 0.23 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan |
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Parking Features | Carport |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Property | 23500 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | Santa Clara |
| Zip Code | 95050 |
| Area | 699 Not Defined |
| Listing VS Median (in 95050) | |
Price: $1,995,000 low | high Med: $1,598,000 sqft: 3,556 low | high Med: 1,611 $ / sqft: $561 low | high Med: $992 On site: 18 low | high Med: 17 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | Santa Clara |
| Zip Code | 95050 |
| Area | 699 Not Defined |
| Listing VS Median (in 95050) | |
Price: $1,995,000 low | high Med: $1,598,000 sqft: 3,556 low | high Med: 1,611 $ / sqft: $561 low | high Med: $992 On site: 18 low | high Med: 17 | |
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