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SINGLE-STORY FOURPLEX PORTFOLIO | NVIDIA HQ 2185-2205 Royal Dr 8 Unit Apartment Building $4,990,000 ($623,750/Unit) 3.99% Cap Rate Santa Clara, CA 95050
INVESTMENT HIGHLIGHTS
- Seven of Eight Units Are Renovated with Washer/Dryers in Each Unit.
- Spacious Two-Bedroom Floor Plans Throughout.
- Located One Mile from NVIDIA Headquarters in Santa Clara, CA.
- Single-Story Rental Property with Ample Parking + Large Lot Sizes
- Meticulously Well-Maintained and Professionally Managed by Casco Property Management.
EXECUTIVE SUMMARY
Contact Jimmy at jcastellanos@marcusmillichap.com for disclosures.
Rare opportunity to acquire two side-by-side 4-unit properties. Buyers may purchase individually or as a combined 8-unit portfolio.
Rare opportunity to acquire two side-by-side 4-unit properties. Buyers may purchase individually or as a combined 8-unit portfolio.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 Under Contract
| Price | $4,990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $623,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 3.99% | Building Size | 7,112 SF |
| Gross Rent Multiplier | 17.34 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.25/1,000 SF |
| Zoning | R318 - residential zoning district | ||
| Price | $4,990,000 |
| Price Per Unit | $623,750 |
| Sale Type | Investment |
| Cap Rate | 3.99% |
| Gross Rent Multiplier | 17.34 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 7,112 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R318 - residential zoning district |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,904 | 800 - 854 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,681,202 | |
| Land Assessment | $2,677,240 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,003,962 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,677,240
Improvements Assessment
$1,003,962
Total Assessment
$3,681,202
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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SINGLE-STORY FOURPLEX PORTFOLIO | NVIDIA HQ | 2185-2205 Royal Dr
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