2070 3rd St 10 Unit Apartment Building $2,788,000 ($278,800/Unit) 6.59% Cap Rate Santa Clara, CA 95054

** Huge Price Reduction (-$210k)--New Cap Rate of 6.59% with current income!**
2070 3rd Street in Santa Clara presents a rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of Silicon Valley. The building consists entirely of 1-bedroom, 1-bathroom units, making it attractive to single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low-density layout with potential for future development or expansion. Each unit includes air conditioning, forced air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on-site laundry and a new roof, reducing future capital expenditures. The property generates strong cash flow with in-place rents and offers upside through strategic updates or rent adjustments.
Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long-term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed-use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long-term investment performance. This asset offers a compelling mix of steady income, value-add potential, and a prime location in one of the most desirable rental markets.