Description
Strong in-place cap rate of 5.39%! Washers and Dryers in every unit! Marcus & Millichap is pleased to present 1555 Washington Street, a well-maintained six-unit single-story multifamily property in Santa Clara, California. Five of the units were constructed in 1953, complemented by a recently built 600-square-foot ADU added in 2023. Each unit offers a one-bedroom, one-bathroom floor plan, with a total estimated rentable area of approximately 2,690 square feet (buyer to verify). The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.39%. Notably, all electrical systems were fully upgraded in 2023, ensuring the property meets modern safety and efficiency standards. Located just minutes from Santa Clara University, NVIDIA, San Jose International Airport, and other major employment hubs, the property offers convenient access to El Camino Real, providing seamless connectivity throughout Santa Clara and neighboring San Mateo County.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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2,585SQFT
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$888$/SQFT
School Ratings & Info
Description
Strong in-place cap rate of 5.39%! Washers and Dryers in every unit! Marcus & Millichap is pleased to present 1555 Washington Street, a well-maintained six-unit single-story multifamily property in Santa Clara, California. Five of the units were constructed in 1953, complemented by a recently built 600-square-foot ADU added in 2023. Each unit offers a one-bedroom, one-bathroom floor plan, with a total estimated rentable area of approximately 2,690 square feet (buyer to verify). The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.39%. Notably, all electrical systems were fully upgraded in 2023, ensuring the property meets modern safety and efficiency standards. Located just minutes from Santa Clara University, NVIDIA, San Jose International Airport, and other major employment hubs, the property offers convenient access to El Camino Real, providing seamless connectivity throughout Santa Clara and neighboring San Mateo County.
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Listing courtesy of Jimmy Castellanos of Marcus & Millichap: .