2351 Sutter Avenue, Santa Clara, CA 95050
- $2,388,000
- List Price
- $2,388,000
- Status
- ACTIVE
- MLS#
- ML82054306
- Year Built
- 1962
- Lot Size
- 7,787
- Acres
- 0.18
- Days on Market
- 12
- Property Type
- Commercial
Property Description
6-unit off of Saratoga Avenue. Pleased to present 2351 Sutter Ave, a 6-unit apartment community located in the highly desirable City of Santa Clara, one of Silicon Valley's strongest rental markets. Constructed in 1962, the property consists of approximately 4,280 square feet of rentable space situated on a 7,787-square-foot parcel. The unit mix of three one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units appeals to a broad tenant base while providing investors with stable in-place income and long-term growth potential. With minimal new apartment construction, strong office leasing activity in the surrounding area, and a high barrier to entry for single-family homeownership, 2351 Sutter Ave is well positioned to continue benefiting from long-term appreciation and meaningful rental growth.
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Additional Information
- Taxes
- $29,188
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition, Shingle
- Water
- Public
- School District
- Other
- Elementary School
- Lynhaven
- Middle School
- Monroe
- High School
- Del Mar
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $173,640
Listing courtesy of Listing Agent: Jimmy Castellanos (jimmy.castellanos@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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