Christie's International Real Estate - Sereno
Kendra Gaeta, Christie's International Real Estate - SerenoPhone: (408) 728-0537
Email: [email protected]
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listing
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Residential IncomeFor Sale
$2,900,000
930 Clyde Ave
Santa Clara, CA 95054
Listed by: Michael Henshaw from Marcus & Millichap, (650) 391-1700
MLS: MLSListings Inc.
5,060Sq Ft
Est. Mortgage
$15,069/mo

OPEN HOUSE 6/1/24 Noon-2pm !!!!!!!!!! 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 . Buy now!

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Based on information from the MLSListings MLS as of 05/29/2024 04:30 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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