1. California
  2. Santa Clara
  3. 930 Clyde Avenue
$2,500,000

930 Clyde Avenue, Santa Clara, CA 95054

  • 5,060 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon7,919sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $494/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

Rare opportunity to purchase a Santa Clara 4 plex with Large Townhouse style units- Average unit size is 1265 square feet- Unit mix is Two (2) Three Bedroom/Two Bath Townhouses and Two ( 2) Four Bedroom/Two Bath units. The price per square foot is $573 which is significantly below the price per square of recent sales- $692. The price per unit is 25% below current replacement cost. The property has upgraded interiors , central AC and forced air heating. The windows have been upgraded. The property benefits from mature landscaping and has excellent curb appeal. The property is located in the center of Silicon Valley - Major employments hubs, transportation and national retailers are all minutes away. The City of Santa Clara does not have rent control but the property is governed by AB 1482- Under 1482, a new owner would be allowed to raise rents 5% plus CPI per year. The City of Santa Clara has their own utility company . The City of Santa Clara allows a landlord to recapture RUBS. The pipeline for new market rate MF housing is almost zero due to high construction costs. The demand for apartments is increasing - The apartment rental market is getting ready to surge .

Listing Status:
Active
Date Added:
November 20, 2024 at 06:00AM
Listing Office:
Marcus & Millichap : (650) 391-1700
Listing Agent:
Michael Henshaw : 650-269-6453
MLS ID:
ML81987135
  • Appliances: Electric Cooktop
  • Flooring: CarpetLaminateTileWood
  • A/C: Central Air
  • Heating: Forced Air
  • Disability Feature: Other

This listing courtesy of Michael Henshaw, Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Montague Elementary School

750 Laurie Ave, Santa Clara, CA, 95054

Grades KG-5

0.24 miles away

D

Don Callejon Arts and Design School

4176 Lick Mill Blvd, Santa Clara, CA, 95054

Grades KG-8

0.59 miles away

M

Mission Early College High School

3000 Mission College Blvd, Santa Clara, CA, 95054

Grades 10-12

1.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.