165 Monroe St 17 Unit Apartment Building $6,630,000 ($390,000/Unit) 5.18% Cap Rate Santa Clara, CA 95050

165 Monroe St is a stunning 17-unit multifamily investment opportunity located in the thriving city of Santa Clara, California. Situated on a 21,060 square foot parcel of land, the subject property was originally constructed in 1960 and features a gross building area of approximately 12,775 square feet, offering beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants benefit from convenient community amenities such as an on-site laundry facility, sparkling community pool and private tuck-under parking stalls. 165 Monroe Street features extensively upgraded interiors, with select units offering stainless steel appliances, dishwashers, kitchen islands, hardwood flooring, quartz countertops, modern cabinetry, recessed lighting, and energy-efficient mini-split air conditioning systems. 165 Monroe is strategically located within walking distance to the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on U.S. News & World Report Rankings. The community also benefits from its proximity to some of the largest South Bay employers such as Google, Apple, LinkedIn, Microsoft, Cisco, Deloitte, and Yahoo. The subject property also boasts convenient access to Westfield Valley Fair (1.3 miles) and Santana Row, both home to a myriad of shopping, dining and entertainment options. The investment appeal of this asset is driven by Santa Clara's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 165 Monroe St presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.