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Multifamily

1379 Reeve St

1379 Reeve St, Santa Clara, CA 95050

Listing Price: $3,200,000

Cap Rate
3.12%
Number of Units
8
GRM
15.53
Occupancy
95.0%
Price/Unit
$400,000
Price/Gross SF
$672.27
Gross SF
4,760

Investment Overview

Marcus & Millichap is please to present 1379 Reeve Street of Santa Clara, Ca. Nestled in the heart of Santa Clara County, this vibrant and well maintained eight (8) unit apartment complex in Santa Clara offers an incredible investment opportunity in a highly sought after market.

1379 Reeve Street boasts a versatile unit mix of six (6) one-bed/ one-bath & two (2) two-bed/ one-bath units spread across approximately 4,760 square feet of living space on a .20 acres lot. This building offers ample off street convered/uncovered parking and the convenience of an on-site laundry facility.

Santa Clara continues to be one of the most resilient and desirable markets in the Bay Area, with strong job growth, world-class employers, and an educated tenant base. The city's investment in public infrastructure and its cental location make it an ideal environment for long-term mutlifamily investments.

Investment Highlights

  • Strategically located in the heart of Santa Clara, within proximity to major tech campuses such as Apple, NVIDIA, Google, Intel, and minutes from Santa Clara University and Levi's Stadium.
  • Desirable unit mix of one (1) & two (2) bedroom units
  • Potential for increased rental income through unit renovations (27% Loss to Lease)
  • Potential for implementation of RUBS
  • Existing leases provide stable income base with potential upside upon turnover and market-rate adjustments
  • Easy access to I-880, U.S. 101, and Caltrian/Bart, supporting commuter appeal and long-term retention
  • Covered/Uncovered off-street parking
  • On-site laundry facilities

Exclusively Listed By

Financing By

Multifamily

1379 Reeve St

Listing Price: $3,200,000

Cap Rate
3.12%
Number of Units
8
GRM
15.53
Occupancy
95.0%
Price/Unit
$400,000
Price/Gross SF
$672.27
Gross SF
4,760

Investment Highlights

  • Strategically located in the heart of Santa Clara, within proximity to major tech campuses such as Apple, NVIDIA, Google, Intel, and minutes from Santa Clara University and Levi's Stadium.
  • Desirable unit mix of one (1) & two (2) bedroom units
  • Potential for increased rental income through unit renovations (27% Loss to Lease)
  • Potential for implementation of RUBS
  • Existing leases provide stable income base with potential upside upon turnover and market-rate adjustments
  • Easy access to I-880, U.S. 101, and Caltrian/Bart, supporting commuter appeal and long-term retention
  • Covered/Uncovered off-street parking
  • On-site laundry facilities

Investment Overview

Marcus & Millichap is please to present 1379 Reeve Street of Santa Clara, Ca. Nestled in the heart of Santa Clara County, this vibrant and well maintained eight (8) unit apartment complex in Santa Clara offers an incredible investment opportunity in a highly sought after market. 1379 Reeve Street boasts a versatile unit mix of six (6) one-bed/ one-bath & two (2) two-bed/ one-bath units spread across approximately 4,760 square feet of living space on a .20 acres lot. This building offers ample off street convered/uncovered parking and the convenience of an on-site laundry facility. Santa Clara continues to be one of the most resilient and desirable markets in the Bay Area, with strong job growth, world-class employers, and an educated tenant base. The city's investment in public infrastructure and its cental location make it an ideal environment for long-term mutlifamily investments.

Exclusively Listed By

Financing By

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