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$2,290,000
Est. payment /mo
7,200 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82003482
HOA Y/N No
Year Built 1960
Annual Tax Amount $26,498
Lot Size 7,200 Sqft
Property Description
Strong in-place cap rate of 4.81% - $13,500 of gross monthly income! Brand new electrical main panel + new sub-panels! Marcus & Millichap is pleased to present 2070 Sahara Way, a well-maintained and recently upgraded five-unit multifamily community located in the heart of Santa Clara, one of Silicon Valley's most dynamic and rapidly growing cities. This asset presents a compelling investment opportunity, supported by the city's strong employment base anchored by Fortune 500 companies such as Intel, Google, and the rapidly expanding NVIDIA, whose global headquarters is located just minutes from the property. With no city-level rent control in place, Santa Clara provides a landlord-friendly environment that enables investors to achieve market rents within a favorable economic timeline.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R325
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 4
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Buchser
High Schools Santa Clara
School District Other
Others
Tax ID 22430011
Special Listing Condition Standard
Read Less Info
Listed by Jimmy Castellanos Marcus & Millichap
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