Active

930 Clyde AVE

SANTA CLARA CA, 95054

$2,900,000


$573.12 per sqft

Active

5,060 sqft

Multi-family

Built in 1963

Listed by Marcus & Millichap, Michael Henshaw, Listing Contact: 6502696453

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!

ML81960387

MLS ID

April 5, 2024

Listed

May 31, 2024

Updated

Map

930 Clyde AVE
SANTA CLARA CA, 95054

Interior Features

Total Stories

2


Interior Features

Hardwood, Tile


Appliances

Cooktop, Refrigerator, Oven, Disposal


Floor Description

Hardwood, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Forced Air

Exterior/Building Features

Lot Size

0.18 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

483

Other Property Details

Area Name

Santa Clara


Garage

No


Parking Total

2


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R3


Buyer Agency Compensation

2%

Listed by Marcus & Millichap, Michael Henshaw,
Listing Contact: 6502696453 

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Data last updated 4:31 PM UTC, 5/31/2024

 

 

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