For Sale
$3,850,000

3499 Agate DrSanta Clara, CA 95051

10-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving Santa Clara, California market. Located at 3499 Agate Drive, this two-story complex, built in 1961, boasts 7,167 square feet of net rentable space situated on a 0.28-acre lot. The property comprises eight one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units, each featuring an assigned carport and ample storage. Significant capital improvements have been undertaken since 2020, including a complete remodel of eight units and a comprehensive building repiping. Its prime location offers easy access to major Silicon Valley employers like Apple, Applied Materials, and NVIDIA, contributing to strong appreciation potential. Conveniently located near the San Tomas Expressway, Central Expressway, and Lawrence Expressway, the property also enjoys walkability to the Lawrence Train station, grocery stores, and numerous restaurants. This well-maintained property offers a blend of established income and future growth potential in a highly sought-after location. The asking price is $3,850,000.

Highlights

  • $3,850,000 asking price for a 10-unit apartment building.
  • 7,167 square feet of net rentable space.
  • Ten units: eight one-bedroom/one-bathroom and two two-bedroom/one-bathroom units.
  • Built in 1961, with eight units fully remodeled since 2020 and building re-piped.
  • Located on a 0.28-acre lot in Santa Clara, CA, near major tech employers and transportation.

Property Details for 3499 Agate Dr

Property type
Apartment buildings
Year Built
1961
Buildings
1
Stories
2
Lot Size (sq. ft)
12,197 SF
Units
10

Location Insight

City
Santa Clara
County
Santa Clara
State
California
Latitude
37.3700428
Longitude
-121.9931518
3499 Agate Dr, Santa Clara, California

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3499 Agate Dr
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