1680 Harrison StSanta Clara, CA 95050

Property Details for 1680 Harrison St

Year built

1957

Property size (Sq ft)

2,012 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 3-unit apartment building located at 1680 Harrison Street, Santa Clara, CA 95050. Built in 1957, this single-story building boasts a total of 2,012 square feet on a 6,718 square foot lot. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $60,000, representing a 3.80% cap rate. The asking price is $1,579,000, translating to $784.79 per square foot and $526,333.33 per unit. Each of the three units features its own washer and dryer. The property includes a covered carport with storage, plus an additional storage room exceeding 110 square feet. Situated on a wide, quiet residential street, this low-density triplex offers a peaceful living environment. A significant benefit for the buyer is the recent signing of a new tenant who has prepaid one year's rent, potentially resulting in a credit of up to $30,000 depending on the closing date, covering prepaid rent and security deposits. The property is held in a trust and is available for a 1031 exchange. Three parking spaces are available.

Location Insight

City

Santa Clara

County

Santa Clara

State

California

Latitude

37.3495

Longitude

-121.954

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