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Listed by Will Tharp • Magnify Real Estate
$ 2,788,000
Est. payment /mo
Pending
2070 3rd Street Santa Clara, CA 95054
4,632 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $601
MLS Listing ID ML82013844
HOA Y/N No
Year Built 1957
Lot Size 0.287 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
**6.59% Cap Rate!** 2070 3rd St presents a rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of Silicon Valley. The building consists of (10) 1BD/1BA units, attracting single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low-density layout with potential for future development. Each unit includes A/C, forced-air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on-site laundry and a brand new roof. The property generates strong cash flow with in-place rents and further upside. Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long-term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed-use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long-term investment performance. This asset offers a compelling mix of steady income and value-add potential in a prime location.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Flooring Hardwood, Laminate, Tile
Fireplace No
Appliance Refrigerator
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