1355 Jefferson St - Apartments FOR SALE


Santa Clara, CA 95050
$3,600,000 USD
650-391-1734
1355 Jefferson St, Santa Clara, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/16
null | 4.01% Cap Rate

1355 Jefferson St
Santa Clara, CA 95050


HIGHLIGHTS

  • Four Minute Drive to Santa Clara University
  • Half Units Have In Unit Washer & Dryer
  • Turn-Key Asset

OVERVIEW

The Rubio Group of Marcus & Millichap is pleased to present 1355 Jefferson Street. 1355 Jefferson Street is an eight unit apartment complex, located in Santa Clara, California. The subject property was built in 1957 and consists of approximately 5,472 gross rentable square feet (per county assessor) and sits on an 8,360 square foot lot (per county assessor). This asset boasts an attractive unit mix of six (6) one-bed, one-bath units, and two (2) two-bed, one-bath units. Current ownership has meticulously upgraded the property and offers a new investor fully upgraded interiors including: new kitchens, bathrooms, appliances, cabinets, vinyl flooring and recessed lighting. In addition, four of the units have been upgraded with in-unit washer and dryers, boosting their upside in rental income. 1355 Jefferson Street is located within a four minute drive to Santa Clara University, making it an attractive options for students and teachers alike. This asset will appeal to investors looking for stable in place income within a robust rental market that still gives the opportunity to push the existing rents all the way to market.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$658 USD /SF

# OF UNITS

8

PRICE/UNIT

$450,000

CAP RATE

4.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,415 SF

ZONING

R336

APN/PARCEL ID

269-03-047

ASK ABOUT THIS PROPERTY

Fred RubioMarcus & MillichapMore Info
650-391-1734

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Fred RubioMarcus & MillichapMore Info
650-391-1734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.