1355 Jefferson Street
Santa Clara, CA 95050
0.19 acres | #ML81984002
Description
The Rubio Group of Marcus & Millichap is pleased to present 1355 Jefferson Street. 1355 Jefferson Street is an eight unit apartment complex, located in Santa Clara, California. The subject property was built in 1957 and consists of approximately 5,472 gross rentable square feet (per county assessor) and sits on an 8,360 square foot lot (per county assessor). This asset boasts an attractive unit mix of six (6) one-bed, one-bath units, and two (2) two-bed, one-bath units. Current ownership has meticulously upgraded the property and offers a new investor fully upgraded interiors including: new kitchens, bathrooms, appliances, cabinets, vinyl flooring and recessed lighting. In addition, four of the units have been upgraded with in-unit washer and dryers, boosting their upside in rental income. 1355 Jefferson Street is located within a four minute drive to Santa Clara University, making it an attractive options for students and teachers alike. This asset will appeal to investors looking for stable in place income within a robust rental market that still gives the opportunity to push the existing rents all the way to market.
Property Details
- Property SubtypeCommercialSale
- CountySanta Clara
- Original List Price$3,600,000
- MLS #ML81984002
- MLS #ML81984002
- Property TypePurchase
- Taxes Annual$41,877
- Cost3600000
- Acres0.1919
- School DistrictOther
- Year Built1957
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Fred Rubio (#ML5072679)
Listing Office: Marcus & Millichap (#ML88226)
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