930 Clyde AVE, Santa Clara, CA 95054 – ML81987135 - Matt Cossell

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

$2,700,000

Est. payment - /mo

14 Beds

9 Baths

5,060 SqFt

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UPDATED:

11/20/2024 11:25 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,060 sqft

Price per Sqft $533

MLS Listing ID ML81987135

Bedrooms 14

Full Baths 9

Year Built 1963

Lot Size 7,920 Sqft

Property 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 .

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R3

Rooms

Other Rooms Other

Kitchen Cooktop - Electric

Interior

Heating Forced Air

Cooling Central AC, Other

Flooring Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum, Other

Laundry Coin Operated

Exterior

Garage Carport , On Street, Uncovered Parking, Other

Utilities Available Public Utilities

Roof Type Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 101-20-025

Miscellaneous Walk-in Closet ,Other

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Listed by Michael Henshaw • Marcus & Millichap

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971