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$ 3,600,000
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Active
1355 Jefferson ST Santa Clara, CA 95050
8,359 Sqft Lot
UPDATED:
10/17/2024 03:56 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81984002
HOA Y/N No
Year Built 1957
Annual Tax Amount $41,877
Lot Size 8,359 Sqft
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3-36
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 8
Schools
School District Other
Others
Tax ID 26903047
Special Listing Condition Standard
Listed by Fred Rubio • Marcus & Millichap