930 Clyde Avenue

Santa Clara, CA 95054

$2,700,000

List Price

N/A

bed Beds

shower Baths

5,060 sqft

straighten / sqft

1963

calendar_month Built

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 .

Listing Information

List Price $2,700,000
Status Active
MLS ML81987135
Type Residential Income
Subtype Quadruplex
Year Built 1963
Lot Size 7,920
Structure Size 5,060
DOM 14
Courtesy Of Marcus & Millichap
Listing Agent Michael Henshaw DRE#01134592

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Carpet, Laminate, Tile, Wood
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Michael Henshaw, Marcus & Millichap 650-269-6453. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:32 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.