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2497 Anna Dr 10 Unit Apartment Building $3,600,000 ($360,000/Unit) 4.05% Cap Rate Santa Clara, CA 95050
Investment Highlights
- 50% OF THE UNITS ARE CURRENTLY ELGIBLE FOR A RENTAL INCREASE
- 5 MINUTES TO NVIDIA HQ & OTHER PROMINENT SILICON VALLEY TECH COMPANIES
- 80% OF THE UNITS ARE RENOVATED
Executive Summary
CBRE, as exclusive listing agent, is pleased to present the opportunity to acquire 2497 Anna Dr (The Property), a 10-unit apartment community in the highly sought after Silicon Valley suburb of Santa Clara, CA. The Property was built in 1958 and features a unit mix of (8) eight 1 Bed, 1 Bath and (2) two 2 Bed, 1 Bath units comprising of approximately 7,850 square feet. Additionally, the property is situated on a large lot totaling 0.34 acres.
50% of the units are currently eligible for a rent increase giving the buyer immediate upside on Day 1. In addition, current rents are approximately 17% below market rents in Santa Clara, leaving room for more upside in the future as rents continue to rise in Silicon Valley.
Please contact the CBRE Listing Team for additional information or to schedule a property tour.
50% of the units are currently eligible for a rent increase giving the buyer immediate upside on Day 1. In addition, current rents are approximately 17% below market rents in Santa Clara, leaving room for more upside in the future as rents continue to rise in Silicon Valley.
Please contact the CBRE Listing Team for additional information or to schedule a property tour.
Property Facts
| Price | $3,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $360,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 4.05% | Building Size | 7,843 SF |
| Gross Rent Multiplier | 15.6 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Zoning | *R325, Santa Clara | ||
| Price | $3,600,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,843 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | *R325, Santa Clara |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+1 | 2 | - | 900 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 290-08-150 | Improvements Assessment | $784,066 |
| Land Assessment | $836,341 | Total Assessment | $1,620,407 |
Property Taxes
Parcel Number
290-08-150
Land Assessment
$836,341
Improvements Assessment
$784,066
Total Assessment
$1,620,407
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2497 Anna Dr
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