$3,080,000

155 Monroe St presents an exceptional opportunity to acquire an 8-unit apartment community located in the thriving city of Santa Clara, California. Situated on a parcel of land totaling 9,450 square feet, the subject property was originally constructed in 1960, and features a gross building area of approximately 5,876 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking, storage lockers and a laundry facility. Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. 155 Monroe St offers tenants convenient access to the rest of the Bay Area with its proximity to the major transportation corridors of U.S Highway 101, California State Route 82, Interstate 880, as well as several transit options provided by Caltrain and Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (3.6mi), Santa Clara University (0.8mi), PayPal Park (2.2mi), and Santana Row (1.5mi).