930 Clyde Ave, SANTA CLARA, CA

$2,900,000

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5,060

Square feet

0.18

Acres

About 930 Clyde Ave

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!

Features of 930 Clyde Ave

MLS® # ML81960387
Price $2,900,000
Square Footage 5,060
Square Footage Assessor
Acres 0.18
Year Built 1963
Type Multi-Residential
Sub-Type Fourplex
Status Active

Community Information

Address 930 Clyde Ave
Area Santa Clara
City SANTA CLARA
County Santa Clara
State CA
Zip Code 95054

Amenities

Utilities Public Utilities
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Central Forced Air Heat
Cooling Central Air Conditioning
Fireplace No
# of Stories 2

Exterior

Roof Composition Roof
Construction Other, Wood Frame
Foundation Concrete Perimeter, Other Foundation

Additional Information

Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael Henshaw
OfficeMarcus & Millichap
Contact Info650-269-6453

Listing Map

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