Investment Overview

Jimmy Castellanos is excited to present 1379 Reeve Street, a rare eight-unit multifamily investment in one of Silicon Valley’s most supply-constrained and high-demand rental markets. The property features a well-balanced unit mix of six one-bedroom/one-bath units and two spacious two-bedroom/one-bath units, totaling approximately 4,756 rentable square feet on an 8,700 square foot lot. This functional mix appeals to both students and professionals seeking privacy, space, and convenience in a premier location. Tenants benefit from exceptional access to transit and amenities, with Santa Clara University just moments away, the Santa Clara Caltrain Station one mile from the property, and the El Camino & Monroe VTA bus stops only a two-minute walk. This central location connects residents directly to employment hubs throughout the Peninsula and South Bay. Leading tech employers such as Applied Materials, Intel, AMD, Dell, and NVIDIA are minutes away, fueling strong rental demand and minimizing vacancy risk. Importantly, Santa Clara has no local rent control, offering investors income flexibility and long-term upside potential. Adding to the investment appeal, the average single-family home in Santa Clara has sold for approximately $1.7 million over the past 12 months, according to Zillow. This positions 1379 Reeve Street as an exceptional value-add opportunity, offering eight units at a fraction of the cost of a single-family home while presenting potential for rent premiums. With limited new multifamily construction, quality construction well below replacement cost, and market fundamentals that continue to strengthen, the property represents a rare chance to acquire a highly desirable long-term asset in Silicon Valley.