Description

Core Silicon Valley fourplex with current CAP Rate of 4.72% and in-place Rent of $12,350/month. Built in 1962, well maintained 3,689 SqFt 4plex situated on an large 7,841 SqFt lot with a superior unit mix consisting of one 3-bed/2-bath owners unit (~1,300 SqFt) with private front yard & garage, & three spacious 2-bed/1-bath units (~775 SqFt) each with carport parking, and community laundry room. Potential to add up to 4 ADU's per SB-1211 (buyer to verify and enclose a private backyard for unit 1. Extensive capital improvements include driveway concrete repairs, dual-pane windows, a full renovation of Unit 1, & SB-721 clearance. The new owner has the opportunity to increase the specification of the units to meet the demand of high-income tech employees & increase income. Unbeatable central location just 1.2 miles from Nvidia Headquarters, 4.9 miles from Apple Park, & near Intel, Google, Amazon, & Santa Clara University, Franklin Square, & Downtown; minutes to Valley Fair, Santana Row, Caltrain, & SJC airport. The top Santa Clara Unified schools (Scott Lane, Buchser, Santa Clara High), low municipal electric rates via Silicon Valley Power, rent growth, & the robust technology job market make 2134 Main St. a great opportunity for both the cash-flow and appreciation minded investor.

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Property information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1962

Living area

3,689 Sq Ft

Lot size

8,075 Sq Ft

HOA fee

None

Price / Sq Ft

$593

Days on market

4

Parcel number

22430090

Zoning

R325

Features

Cooling

Ceiling Fan(s)

Heating

Forced Air · Wall Furnace

Flooring

Laminate · Tile

Lot

Rectangular Lot

Sewer / Water

Public