Santa Clara, CA 95054,930 Clyde AVE
Santa Clara, CA 95054,930 Clyde AVE
Santa Clara, CA 95054,930 Clyde AVE
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$2,500,000
Est. payment /mo
5,060 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,060 sqft

Price per Sqft $494

MLS Listing ID ML81987135

HOA Y/N No

Year Built 1963

Annual Tax Amount $31,563

Lot Size 7,919 Sqft

Property Sub-Type Quadruplex

Property Description

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 .

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R3

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Laminate, Tile, Wood

Fireplace No

Appliance Electric Cooktop

Exterior

Parking Features Carport, Other, Uncovered

Carport Spaces 6

View Y/N No

Roof Type Composition

Accessibility Other

Total Parking Spaces 2

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

School District Other

Others

Tax ID 10120025

Special Listing Condition Standard

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CRMLS – RECore
Listed by Michael Henshaw Marcus & Millichap

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

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