930 Clyde AVE, Santa Clara, CA 95054

$2,900,000
5,060
SqFt
List Price
$2,900,000
MLS#
ML81960387
Status
ACTIVE
Zoning
R3
Sqft. of Residence
5,060
Lot Size
7,841
Listing Area
Santa Clara

Property Description

OPEN HOUSE 6/1/24 Noon-2pm !!!!!!!!!! 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 . Buy now!

Additional Information

Acres
0.18
Age
61
Amenities
Walk-in Closet, Other
Cooling System
Central AC
Floor Covering
Carpet, Hardwood, Tile, Vinyl / Linoleum, Other
Foundation
Concrete Perimeter, Other
Garage Parking
Assigned Spaces, Covered Parking, On Street, Uncovered Parking
Heating System
Central Forced Air
Laundry Facilities
Coin Operated
Living Area
5,060
Lot Size
7,841
Neighborhood
Santa Clara
Other Utilities
Public Utilities
Roof
Composition
Sewer
Sewer - Public
Special Features
Parking, Other
Total Number Of Units
4
Unincorporated Yn
Yes
Zoning
R3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Michael Henshaw from Marcus & Millichap. 650-269-6453

board logoBased on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Copyright 2024 MLSListings Inc. All rights reserved