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In-PersonVirtual Tour
$ 2,050,000
Est. payment | /mo
2,585 SqFt
$ 2,050,000
Est. payment | /mo
2,585 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,585 sqft
Price per Sqft $793
MLS Listing ID ML82008801
HOA Y/N No
Year Built 1953
Lot Size 8,037 Sqft
Acres 0.18
Property Sub-Type Other
Property Description
$250K PRICE ADJUSTMENT! Strong in-place cap rate of over 6%! 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.
Location
State CA
County Santa Clara
Zoning CT
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 22428050
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Listed by Jimmy Castellanos • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "