Multifamily

2785 Homestead Rd

Listing Price: $6,995,000

Cap Rate
4.83%
Number of Units
19
GRM
14.95
Occupancy
97.00%
Price/Unit
$368,158
Price/Gross SF
$598.48
Gross SF
11,688

Investment Overview

2785 Homestead Rd, a nineteen unit apartment community, is situated in Santa Clara, California. The building is mere miles to some of the South Bay's largest technology employers including two miles to Apple Spaceship Campus and 5 miles to Apple Camus 3 in Sunnyvale. The building boasts fourteen one-bedroom/one-bath units and five two-bedroom/one-bath units. Built in 1961, the complex is two-stories and consists of 11,688 square feet of living space and situated on a 19,074 square foot lot. The building provides onsite, outdoor parking and a laundry facility for all units.

The subject property is excellently positioned in the heart of Silicon Valley. Located on a major thoroughfare of Santa Clara, Homestead Road provides quick and easy access to other South Bay cities including, Cupertino, Los Altos and San Jose. Apple's new Spaceship Campus which houses nearly 12,000 employees, is less than 5 minutes driving distance on Homestead Rd. Directly across the street, tenants have access to Maiposa Shopping Center which includes retailers such as Safeway, CVS, Ross and Starbucks. Santa Clara and the surrounding South Bay is home to major entertainment including the new Levi Stadium, popular Downtown nightlife including Campbell and San Jose and much more.

Investment Highlights

  • Located 2 miles to Apple's Spaceship Campus & 5 miles to Apple Campus 3 in Sunnyvale
  • Excellent proximity to the South Bay's major employers and thoroughfares
  • Mairposa Shopping Center located directly across the street
  • Santa Clara Central Park is located less than one block away
  • Onsite parking and laundry facility for all units

Exclusively Listed By

Listing Price: $6,995,000

Cap Rate
4.83%
Number of Units
19
GRM
14.95
Occupancy
97.00%
Price/Unit
$368,158
Price/Gross SF
$598.48
Gross SF
11,688

Investment Highlights

  • Located 2 miles to Apple's Spaceship Campus & 5 miles to Apple Campus 3 in Sunnyvale
  • Excellent proximity to the South Bay's major employers and thoroughfares
  • Mairposa Shopping Center located directly across the street
  • Santa Clara Central Park is located less than one block away
  • Onsite parking and laundry facility for all units

Investment Overview

2785 Homestead Rd, a nineteen unit apartment community, is situated in Santa Clara, California. The building is mere miles to some of the South Bay's largest technology employers including two miles to Apple Spaceship Campus and 5 miles to Apple Camus 3 in Sunnyvale. The building boasts fourteen one-bedroom/one-bath units and five two-bedroom/one-bath units. Built in 1961, the complex is two-stories and consists of 11,688 square feet of living space and situated on a 19,074 square foot lot. The building provides onsite, outdoor parking and a laundry facility for all units.

The subject property is excellently positioned in the heart of Silicon Valley. Located on a major thoroughfare of Santa Clara, Homestead Road provides quick and easy access to other South Bay cities including, Cupertino, Los Altos and San Jose. Apple's new Spaceship Campus which houses nearly 12,000 employees, is less than 5 minutes driving distance on Homestead Rd. Directly across the street, tenants have access to Maiposa Shopping Center which includes retailers such as Safeway, CVS, Ross and Starbucks. Santa Clara and the surrounding South Bay is home to major entertainment including the new Levi Stadium, popular Downtown nightlife including Campbell and San Jose and much more.

Exclusively Listed By

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