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2705 Homestead Rd 19 Unit Apartment Building $6,200,000 ($326,316/Unit) 4.87% Cap Rate Santa Clara, CA 95051
Investment Highlights
- 19-Unit Multi-Family Investment
- Very Low Vacancy History
- On-Site Laundry Facilities for Additional Income
- Below Market Rents
- Superior Location in the Heart of Silicon Valley
- Covered Parking Spaces
Executive Summary
Introducing a prime investment opportunity in the heart of Santa Clara, CA. This property boasts an 18,888 SF building with 19 units, all 100% occupied. Built in 1960 and zoned R3, this ideal multifamily/low-rise/garden property offers a solid investment in the sought-after Silicon Valley. With its impressive occupancy rate and prime location, this property promises exceptional returns and long-term potential. Don't miss the chance to acquire this lucrative investment in the thriving Santa Clara market.
Property Facts
| Price | $6,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $326,316 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 4.87% | Building Size | 18,888 SF |
| Gross Rent Multiplier | 14.43 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Zoning | R3 | ||
| Price | $6,200,000 |
| Price Per Unit | $326,316 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 14.43 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 18,888 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 12 | - | - |
| 2+1 | 6 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 290-39-033 | Improvements Assessment | $386,048 |
| Land Assessment | $116,411 | Total Assessment | $502,459 |
Property Taxes
Parcel Number
290-39-033
Land Assessment
$116,411
Improvements Assessment
$386,048
Total Assessment
$502,459
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2705 Homestead Rd
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