Active

930 Clyde AVE

SANTA CLARA CA, 95054

$2,700,000


$533.60 per sqft

Active

5,060 sqft

Multi-family

Built in 1963

Listed by Marcus & Millichap, Michael Henshaw, Listing Contact: 6502696453

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 .

ML81987135

MLS ID

November 20, 2024

Listed

November 22, 2024

Updated

Map

930 Clyde AVE
SANTA CLARA CA, 95054

Interior Features

Total Stories

2


Interior Features

Hardwood, Laminate, Tile


Appliances

Cooktop


Floor Description

Hardwood, Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.18 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

Santa Clara Unified

Other Property Details

Area Name

Santa Clara


Garage

No


Parking Total

2


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R3

Listed by Marcus & Millichap, Michael Henshaw,
Listing Contact: 6502696453 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rick Turnwall | CA DRE# 2102525 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Rick Turnwall | CA DRE# 2102525 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 4:50 AM UTC, 11/22/2024

 

 

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