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2173 Aza Dr 8 Unit Apartment Building $2,790,000 ($348,750/Unit) 3.98% Cap Rate Santa Clara, CA 95050
Investment Highlights
- Potential upside to a 6.59% Cap Rate
- Ability to give increases day 1
- All Electrical Panels have been recently replaced including the main panel
- No Local City Rent Control
Executive Summary
The R&Z Group is proud to present 2173 Aza Drive - Phenomenal Value Add opportunity - Rent Increases possible Day 1 - Brand new Main Electrical and Sub Panels - to access the Marketing package contact the listing team or click the link below. 2173 Aza Drive is a centrally located, 8-unit multifamily investment opportunity in Santa Clara, offering an attractive unit mix, desirable on-site amenities, and significant value-add potential through interior upgrades. Built in 1959, the 5,640-square-foot apartment community is
situated on a 0.22-acre lot. Access the Due Diligence here https://docs.google.com/forms/d/e/1FAIpQLScL5ikZEDRF7USe-8OzUiUlt_9OQnXOknNPEycFsMHwFlcXjw/viewform
situated on a 0.22-acre lot. Access the Due Diligence here https://docs.google.com/forms/d/e/1FAIpQLScL5ikZEDRF7USe-8OzUiUlt_9OQnXOknNPEycFsMHwFlcXjw/viewform
Financial Summary (Actual - 2025) 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 - 2025) 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 | $2,790,000 | Apartment Style | Low-Rise |
| Price Per Unit | $348,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 3.98% | Building Size | 5,640 SF |
| Gross Rent Multiplier | 15.26 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R325 | ||
| Price | $2,790,000 |
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| Cap Rate | 3.98% |
| Gross Rent Multiplier | 15.26 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,640 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R325 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 224-18-025 | Total Assessment | $1,369,639 |
| Land Assessment | $851,199 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $518,440 | Tax Year | 2025 |
Property Taxes
Parcel Number
224-18-025
Land Assessment
$851,199
Improvements Assessment
$518,440
Total Assessment
$1,369,639
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2173 Aza Dr
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