857 Gallatin Dr 7 Unit Apartment Building $2,765,000 ($395,000/Unit) 5.07% Cap Rate Santa Clara, CA 95051

857 Gallatin Drive is a centrally located 7-unit multifamily investment opportunity in Santa Clara, offering an excellent unit mix, desirable on-site amenities, and significant value-add potential through interior upgrades.
The property is a well-maintained two-story building comprised of an attractive unit configuration including (2) 3-Bedroom / 2-Bath units, (2) 2-Bedroom / 2-Bath units, and (3) 1-Bedroom / 1-Bath units, catering to a wide range of tenants from Silicon Valley professionals to long-term family households. Situated in one of the region’s most supply-constrained rental markets, the asset enjoys outstanding proximity to major employment and transit nodes — located less than two miles from Apple Park and Kaiser Permanente, and just minutes from the Lawrence Caltrain Station, providing convenient access throughout the Peninsula and greater Bay Area.
Select units feature notable upgrades, including newer appliances, updated cabinetry, and improved electrical subpanels, while other interiors remain in classic condition, creating a clear opportunity for a phased renovation strategy and meaningful rent growth. Additionally, Units 1 and 7 offer enhanced livability with forced air heating and a unique kitchen layout featuring a separate stovetop and oven.
Residents benefit from strong on-site amenities, including seven tuck-under parking spaces, two private garages (assigned to Units 1 and 7), seven dedicated storage lockers, and a professionally leased laundry facility with card-reader machines, supporting both tenant convenience and supplemental income.
With strong underlying fundamentals and multiple units positioned for modernization, 857 Gallatin Drive presents an immediate opportunity to reposition the asset and capture rental upside in one of Santa Clara’s most desirable multifamily corridors.