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Listed by Compass
$ 2,188,000
Est. payment | /mo
3,689 SqFt
$ 2,188,000
Est. payment | /mo
3,689 SqFt
Open House
Fri Oct 16, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,689 sqft
Price per Sqft $593
MLS Listing ID ML82064037
HOA Y/N No
Year Built 1962
Lot Size 8,075 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Core Silicon Valley fourplex with current CAP Rate of 4.72% and in-place Rent of $12,350/month. Built in 1962, well maintained 3,689 SqFt 4plex situated on an large 7,841 SqFt lot with a superior unit mix consisting of one 3-bed/2-bath owners unit (~1,300 SqFt) with private front yard & garage, & three spacious 2-bed/1-bath units (~775 SqFt) each with carport parking, and community laundry room. Potential to add up to 4 ADU's per SB-1211 (buyer to verify and enclose a private backyard for unit 1. Extensive capital improvements include driveway concrete repairs, dual-pane windows, a full renovation of Unit 1, & SB-721 clearance. The new owner has the opportunity to increase the specification of the units to meet the demand of high-income tech employees & increase income. Unbeatable central location just 1.2 miles from Nvidia Headquarters, 4.9 miles from Apple Park, & near Intel, Google, Amazon, & Santa Clara University, Franklin Square, & Downtown; minutes to Valley Fair, Santana Row, Caltrain, & SJC airport. The top Santa Clara Unified schools (Scott Lane, Buchser, Santa Clara High), low municipal electric rates via Silicon Valley Power, rent growth, & the robust technology job market make 2134 Main St. a great opportunity for both the cash-flow and appreciation minded investor.
Location
State CA
County Santa Clara
Interior
Heating Forced Air, Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate, Tile
Fireplace No
Building
Lot Description Rectangular Lot
Water Public
Schools
School District Santa Clara Unified, Santa Clara Unified
Nearby Locations
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