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Multifamily

2550 Robinson Ave

2550 Robinson Ave, Santa Clara, CA 95051

Listing Price: $1,988,000

Cap Rate
2.39%
Number of Units
4
GRM
23.33
Occupancy
97.0%
Price/Unit
$497,000
Price/Gross SF
$982.21
Gross SF
2,024

Investment Overview

Known to the world as Silicon Valley, the San Jose metro is located at the southern end of the San Francisco Bay and encompasses Santa Clara and San Benito Counites. A large portion of the areas 1,315 square miles is unincorporated ranch and farmland. The metro contains roughly 2 million inhabitants and more than half of the regions residents reside in the City of San Jose. It is the metros largest city, with more than 1 million residents, followed by Sunnyvale and Santa Clara. Venture capital funds received in the 1990s helped to turn the area into the worlds most prominent technology hub, a distinction that remains today. The San Jose employment base contains more than 1.1 million workers, ranking the metro as one of the 30 largest job markets in the nation. There are 18 Fortune 500 companies headquartered in the San Jose metro, including Cisco Systems, Intel, Apple, eBay and Alphabet. The areas many institutions of higher learning, including Stanford, San Jose State, and Santa Clara University, support these companies by graduating thousands of engineering and computer science students each year.

The metro is expected to add approximately 107,300 people through 2024 and during the time more than 41,000 households will be formed. High home prices contribute to a home ownership rate below the national rate of 57 percent. Roughly 48 percent of residents age 25 and older hold a bachelors degree, including 22 percent who have also obtained a graduate or professional degree. The San Jose metro has an enviable combination of major universities that produce a highly-educated workforce, cutting-edge firms and exceptional affluence. Residents can visit a variety of museums, including the San Jose Museum of Art and the Tech Museum of Innovation. Santa Clara County is home to performing arts companies and hosts the San Jose Jazz Festival. The San Francisco 49ers play their home games at Levis Stadium in Santa Clara and the San Jose Sharks hockey team plays at the SAP center in San Jose. Other sports venues include Excite Ballpark and Stevens Stadium. The metro is close to San Francisco and some of the worlds finest wine-producing regions, notably the Napa, Sonoma, and Alexander valleys.

Investment Highlights

  • Located off of El Camino Real in the Heart of Silicon Valley and Santa Clara.
  • Well-Maintained Fourplexes Positioned for a Seamless Transition of New Ownership.
  • First Time Available to the Public for Purchase Since the 1950's.
  • All Units Have Individual Water Heaters.
  • Unit Mix Consists of All One-Bedroom Floor Plans.

Exclusively Listed By

Multifamily

2550 Robinson Ave

Listing Price: $1,988,000

Cap Rate
2.39%
Number of Units
4
GRM
23.33
Occupancy
97.0%
Price/Unit
$497,000
Price/Gross SF
$982.21
Gross SF
2,024

Investment Highlights

  • Located off of El Camino Real in the Heart of Silicon Valley and Santa Clara.
  • Well-Maintained Fourplexes Positioned for a Seamless Transition of New Ownership.
  • First Time Available to the Public for Purchase Since the 1950's.
  • All Units Have Individual Water Heaters.
  • Unit Mix Consists of All One-Bedroom Floor Plans.

Investment Overview

Known to the world as Silicon Valley, the San Jose metro is located at the southern end of the San Francisco Bay and encompasses Santa Clara and San Benito Counites. A large portion of the areas 1,315 square miles is unincorporated ranch and farmland. The metro contains roughly 2 million inhabitants and more than half of the regions residents reside in the City of San Jose. It is the metros largest city, with more than 1 million residents, followed by Sunnyvale and Santa Clara. Venture capital funds received in the 1990s helped to turn the area into the worlds most prominent technology hub, a distinction that remains today. The San Jose employment base contains more than 1.1 million workers, ranking the metro as one of the 30 largest job markets in the nation. There are 18 Fortune 500 companies headquartered in the San Jose metro, including Cisco Systems, Intel, Apple, eBay and Alphabet. The areas many institutions of higher learning, including Stanford, San Jose State, and Santa Clara University, support these companies by graduating thousands of engineering and computer science students each year.

The metro is expected to add approximately 107,300 people through 2024 and during the time more than 41,000 households will be formed. High home prices contribute to a home ownership rate below the national rate of 57 percent. Roughly 48 percent of residents age 25 and older hold a bachelors degree, including 22 percent who have also obtained a graduate or professional degree. The San Jose metro has an enviable combination of major universities that produce a highly-educated workforce, cutting-edge firms and exceptional affluence. Residents can visit a variety of museums, including the San Jose Museum of Art and the Tech Museum of Innovation. Santa Clara County is home to performing arts companies and hosts the San Jose Jazz Festival. The San Francisco 49ers play their home games at Levis Stadium in Santa Clara and the San Jose Sharks hockey team plays at the SAP center in San Jose. Other sports venues include Excite Ballpark and Stevens Stadium. The metro is close to San Francisco and some of the worlds finest wine-producing regions, notably the Napa, Sonoma, and Alexander valleys.

Exclusively Listed By

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