2070 3rd St | Santa Clara, CA 95054
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- LoopNet Team
2070 3rd St
Santa Clara, CA 95054
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Huge $210k Price Reduction--6.59% Cap Rate with New Price of $2,788,000
- Well-Maintained Asset with Capital Improvements: Brand new roof, dual-pane windows, individual water heaters, forced air heat & central A/C units
- Development & Appreciation Potential: Large 12,500 SF lot with low-density layout, offering future expansion or redevelopment opportunities
- Cash Cow Investment in Prime Silicon Valley Location: strong in-place cash flow, value-add upside and long-term growth potential
- Strategic Location Near Major Employers: Nvidia, Oracle, Intel and Levi's Stadium
- Just a few blocks from Related Santa Clara, the 240 Acre and 9.2M SF planned mega development of mixed-use real estate
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 4,632 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1957 |
| Zoning | R3, Santa Clara | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,632 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | R3, Santa Clara |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
- Double Pane Windows
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $2,175 | 463 |
PROPERTY TAXES
| Parcel Number | 104-10-043 | Improvements Assessment | $1,386,444 |
| Land Assessment | $424,713 | Total Assessment | $1,811,157 |
PROPERTY TAXES
Parcel Number
104-10-043
Land Assessment
$424,713
Improvements Assessment
$1,386,444
Total Assessment
$1,811,157
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