Investment Overview

Marcus & Millichap is pleased to present an exclusive four-unit rental property in the highly desirable and rapidly growing city of Santa Clara at 2205 Royal Drive. The subject property was built in 1959 and consists of approximately 3,556 gross rentable square feet (per county assessor) and is situated on a generous 10,168 square foot lot (per county assessor). The asset accommodates an attractive floor plant of four (4) two-bedroom/one-bathroom units. The property has been well-maintained and professionally managed under CASCO Property Management, the current management company. Additionally, the property has undergone significant renovations and features upscale and spacious floor plans with in-unit washers/dryers and backyards for two units. The property also has excellent parking, with one carport and open space per unit. There is also ample street parking in the residential community surrounding the apartment. 2205 Royal Drive is just off San Tomas Expressway and El Camino Real. These highly convenient thoroughfares provide access to critical retail, employment, education, and entertainment in the South Bay area. Notable employment options nearby include but are not limited to NVIDIA, Applied Materials, Intel, Service Now, and Apple. The apartment complex is situated just outside of Koreatown on El Camino Real. It is just East of the Santa Clara/Sunnyvale border. Additionally, the property is adjacent to a safe and highly desirable residential neighborhood with a median home value of $1.5M. 2205 Royal Drive is desirable because of Santa Clara’s strong employment fundamentals, low velocity, and high demand for multifamily investment real estate properties. The robust high-tech job growth, shortage of housing units, rental growth, and proximity to large Silicon Valley employers make 2205 Royal Drive a highly desirable investment opportunity for both short-term and long-term investors.