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2136 Main St 6 Unit Apartment Building $2,125,000 ($354,167/Unit) 4.56% Cap Rate Santa Clara, CA 95050
INVESTMENT HIGHLIGHTS
- ?? Prime Multifamily Investment – Excellent cash flowing asset in top Silicon Valley rental market
- ?? Short Distance to Major Demand Drivers – Minutes from NVIDIA, Oracle, and Intel with close proximity to Levi’s Stadium, Santana Row, and Santa Clar
- ?? Strong Connectivity to Greater Bay Area – Quick access to Highways 101, 280, and 880
- ??? Desirable Unit Mix – One 2BD/1BA and five 1BD/1BA units with upside in rents
- ?? Upside Through Value-Add Strategy – Opportunity to boost returns via interior upgrades and rent repositioning
EXECUTIVE SUMMARY
Magnify is pleased to present 2136 Main Street in Santa Clara, a prime multifamily investment in one of the Silicon Valley’s most dynamic rental markets. Built in 1963, this six-unit property includes one 2-bedroom/1-bath unit and five 1-bedroom/1-bath units, amounting to 3,784 rentable square feet on an expansive 8,550 square foot lot. This asset offers significant value-add potential through interior upgrades and rent repositioning, making it an excellent opportunity for investors seeking stable cash flow with income growth in the South Bay.
The building is in a great location, just minutes from major tech employers such as NVIDIA, Oracle, and Intel. It is in close proximity to key lifestyle destinations including Levi’s Stadium, Santana Row, and Santa Clara University. With convenient access to Highways 101, 280, and 880, residents also benefit from strong connectivity to the greater Bay Area, enhancing both livability and long-term retention.
The building is in a great location, just minutes from major tech employers such as NVIDIA, Oracle, and Intel. It is in close proximity to key lifestyle destinations including Levi’s Stadium, Santana Row, and Santa Clara University. With convenient access to Highways 101, 280, and 880, residents also benefit from strong connectivity to the greater Bay Area, enhancing both livability and long-term retention.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,125,000 | Apartment Style | Low-Rise |
| Price Per Unit | $354,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.56% | Building Size | 3,784 SF |
| Gross Rent Multiplier | 14.1 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R325, Santa Clara | ||
| Price | $2,125,000 |
| Price Per Unit | $354,167 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,784 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R325, Santa Clara |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 596 |
| 2+1 | 1 | - | 800 |
1 1
PROPERTY TAXES
| Parcel Number | 224-30-089 | Total Assessment | $1,934,316 (2025) |
| Land Assessment | $1,515,257 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $419,059 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
224-30-089
Land Assessment
$1,515,257 (2025)
Improvements Assessment
$419,059 (2025)
Total Assessment
$1,934,316 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2136 Main St
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