Skip to main content

Multifamily

1355 Jefferson St

1355 Jefferson St, Santa Clara, CA 95050

Listing Price: $3,650,000

Cap Rate
3.53%
Number of Units
8
Price/Unit
$456,250

Investment Overview

Marcus & Millichap is pleased to present an outstanding 8-unit apartment complex situated in the highly desirable and rapidly growing city of Santa Clara located at 1355 Jefferson Street. 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). The asset accommodates an attractive floor plan of six (6) one-bedroom/one-bathroom units and two (2) two-bedroom/one-bathroom units. The current ownership has completed extensive interior renovations of five of the units which includes upgraded kitchens and bathrooms, new appliances, new cabinets, new vinyl flooring, and recessed lighting. Additionally, three of the one-bedroom units and one of the two-bedroom units have in-unit washer/dryers.

Investment Highlights

  • Significant Interior & Exterior Renovations Recently Completed
  • Walking Distance to Santa Clara University & Caltrain
  • Santa Clara Multifamily is Only Under State Wide Rent Control and Not a City Ordinance
  • In-Unit Washer/Dryers in 50% of the Units
  • Located Walking Distance to Fremont Park and El Camino Real

Exclusively Listed By

Multifamily

1355 Jefferson St

Listing Price: $3,650,000

Cap Rate
3.53%
Number of Units
8
Price/Unit
$456,250

Investment Highlights

  • Significant Interior & Exterior Renovations Recently Completed
  • Walking Distance to Santa Clara University & Caltrain
  • Santa Clara Multifamily is Only Under State Wide Rent Control and Not a City Ordinance
  • In-Unit Washer/Dryers in 50% of the Units
  • Located Walking Distance to Fremont Park and El Camino Real

Investment Overview

Marcus & Millichap is pleased to present an outstanding 8-unit apartment complex situated in the highly desirable and rapidly growing city of Santa Clara located at 1355 Jefferson Street. 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). The asset accommodates an attractive floor plan of six (6) one-bedroom/one-bathroom units and two (2) two-bedroom/one-bathroom units. The current ownership has completed extensive interior renovations of five of the units which includes upgraded kitchens and bathrooms, new appliances, new cabinets, new vinyl flooring, and recessed lighting. Additionally, three of the one-bedroom units and one of the two-bedroom units have in-unit washer/dryers.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower