Investment Overview

Marcus & Millichap is pleased to present 2036 Klamath Avenue in Santa Clara, CA. This seven unit apartment complex was constructed in 1970 and offers an investor 7,854 square feet of building area, situated on a 10,250 square foot lot. The asset boasts an exceptional unit mix of six large (1,000+ SF) two bed, two bath units, and one large (1,300+ SF) three bed two bath owners unit. Current ownership has implemented an aggressive RUBS program with over 80% of the utility expenses being paid for by the tenants. Because of this, Klamath boasts a current in place, 5% cap rate with further rental upside, making this one of the more attractive multi family assets available in Santa Clara county. Santa Clara is a major city in Silicon Valley and the ninth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft and Yahoo. This prime location allows easy access to major highways and is conveniently located from several different shopping, dining, and entertainment plazas in Santa Clara and San Jose.