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2070 3rd St
Santa Clara, CA 95054 Outer Santa Clara

$2,788,000 USD

Apartments For Sale • 4,632 SF

Property Details

Property Type Apartments
Total Building Size 4,632 SF
Lot Size 0.29 AC
Building Class C
Year Built 1957
Cap Rate 6.59 %
Zoning R3, Santa Clara

40 Transit Score

63 Walk Score

                
                    Highlights
                
                                Huge $210k Price Reduction--6.59% Cap Rate with New Price of $2,788,000
                            
                                Cash Cow Investment in Prime Silicon Valley Location: strong in-place cash flow, value-add upside and long-term growth potential
                            
                                Well-Maintained Asset with Capital Improvements: Brand new roof, dual-pane windows, individual water heaters, forced air heat & central A/C units
                            
                                Strategic Location Near Major Employers: Nvidia, Oracle, Intel and Levi's Stadium
                            
                                Development & Appreciation Potential: Large 12,500 SF lot with low-density layout, offering future expansion or redevelopment opportunities
                            
                                Just a few blocks from Related Santa Clara, the 240 Acre and 9.2M SF planned mega development of mixed-use real estate

Financial Summary (Actual)

Net Operating Income: $183,848 USD (2024)

Cap Rate:	6.59 %
Total Expenses:	$68,186 USD

Amenities

Air Conditioning
Laundry Facilities
Heating
Tile Floors
Hardwood Floors
Refrigerator
Range
Double Pane Windows
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Great America (Altamont Corridor Express - Altamont Commuter Express (ACE))	3 min	15 min	0.8 mi
Santa Clara (Caltrain - Caltrain (Caltrain))	9 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
Great America (Altamont Corridor Express - Altamont Commuter Express (ACE))	3 min	15 min	0.8 mi
Lick Mill Station (Mountain View - Winchester Line - Santa Clara VTA Light Rail)	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	8 min	-	3.5 mi
San Francisco International	41 min	-	31.9 mi
Metro Oakland International	46 min	-	33.9 mi

Eric Katz 408-438-0969 Magnify

2070 3rd St Santa Clara, CA 95054 Outer Santa Clara