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2351 Sutter Ave 6 Unit Apartment Building $2,388,000 ($398,000/Unit) 4.34% Cap Rate Santa Clara, CA 95050
Investment Highlights
- Well-maintained 6-unit apartment community featuring a balanced mix of three 1-bedroom and three 2-bedroom units
- Featuring dual-pane windows throughout, covered parking, on-site laundry facilities.
- Minutes from Apple, NVIDIA, Santana Row, and Santa Clara University.
Executive Summary
2351 Sutter Avenue is a premier 6-unit apartment community ideally positioned in the highly desirable City of Santa Clara, surrounded by Silicon Valley's leading technology and healthcare employers. This well-maintained property offers investors a compelling blend of stable cash flow and value-add potential, featuring a balanced mix of one- and two-bedroom units, covered parking, on-site laundry, and recent capital improvements. With rents currently below market and an estimated 14% upside, ownership can unlock additional revenue while benefiting from Santa Clara’s historically low housing supply, affluent demographics, and proximity to world-class employment centers, shopping destinations, and educational institutions. This is an exceptional opportunity to acquire a strategically located multifamily asset with strong fundamentals and long-term growth potential.
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 | $2,388,000 | Apartment Style | Low-Rise |
| Price Per Unit | $398,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.34% | Building Size | 4,280 SF |
| Gross Rent Multiplier | 14.44 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Zoning | R3-25D, Santa Clara | ||
| Price | $2,388,000 |
| Price Per Unit | $398,000 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 14.44 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,280 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R3-25D, Santa Clara |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 303-12-011 | Total Assessment | $2,706,769 |
| Land Assessment | $1,181,135 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,525,634 | Tax Year | 2025 |
Property Taxes
Parcel Number
303-12-011
Land Assessment
$1,181,135
Improvements Assessment
$1,525,634
Total Assessment
$2,706,769
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2351 Sutter Ave
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