480 California St - Apartments FOR SALE


Santa Clara, CA 95050
$2,088,000 USD
650-546-1030
480 California St, Santa Clara, CA for Sale
$2,088,000 USD
Apartments - FOR SALE
1/13
null | 4.37% Cap Rate

480 California St
Santa Clara, CA 95050


HIGHLIGHTS

  • Exceptional Santa Clara Investment Opportunity - Investors have the opportunity to acquire a well-situated multifamily asset.
  • Desirable Unit Mix - The subject property offers tenants large, 100% beautifully designed two-bedroom floor plans.
  • Prime Santa Clara Location - The subject property is located within close proximity to Downtown San Jose (4.6mi), and Santa Clara University (1.4mi).
  • Convenient Access to Transportation Corridors - 480 California St offers easy access to many transportation corridors.

OVERVIEW

480 California St is an exceptional fourplex opportunity located in the thriving city of Santa Clara, California. Situated on a parcel of land totaling 9,480 square feet, the subject property was originally constructed in 1953, and features a gross building area of approximately 4,018 square feet, offering its tenants 100% beautifully designed two-bedroom floor plans. Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. 480 California St offers tenants convenient access to the rest of the Bay Area with its proximity to the major transportation corridors of U.S Highway 101, California State Route 82, Interstate 880, as well as several transit options provided by Caltrain and Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (4.6mi), Santa Clara University (1.4mi), PayPal Park (2.8mi), and Santana Row (1.9mi). The investment appeal of this asset is driven by Santa Clara’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 480 California St is an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$2,088,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

4

PRICE/UNIT

$522,000

CAP RATE

4.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,480 SF

ZONING

R325, Santa Clara

APN/PARCEL ID

269-39-002

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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