REQUEST A TOUR

Cory Chen

Cory Chen Real Estate

realcorychen@gmail.com +1(650) 888-9321

Listed by Ismael Benhamida • Compass, DRE#01722847

$ 2,188,000

Est. payment -/mo

Save

New

2134 Main ST Santa Clara, CA 95050

9 Beds

5 Baths

3,689 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,689 sqft

Price per Sqft $593

MLS Listing ID ML82064037

Bedrooms 9

Full Baths 5

Year Built 1962

Lot Size 8,075 Sqft

Property Sub-Type Fourplex

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

Area Santa Clara

Zoning R325

Rooms

Other Rooms Laundry Room

Kitchen Exhaust Fan, Freezer, Hood Over Range, Oven Range - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas, Fireplace , Wall Furnace

Cooling Ceiling Fan

Flooring Carpet, Laminate, Tile

Laundry Washer / Dryer

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking, Off-Street Parking, Parking Area, Tandem Parking, Uncovered Parking

Garage Spaces 1.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition,Shingle

Building

Lot Description Paved , Regular

Story 2

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Level or Stories 2

Others

Tax ID 224-30-090

Security Features None

Horse Property No

Special Listing Condition Not Applicable