184 Roxbury StSanta Clara, CA 95050

Property Details for 184 Roxbury St

Year built

1960

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

4,484 SF

Zone code

R325

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

269-57-009

APU

26957009

Description

This exceptional six-unit apartment building in Santa Clara, CA, presents a compelling value-add investment opportunity. Located at 184 Roxbury Street, this property boasts 4,484 square feet of rentable space across four one-bedroom and two two-bedroom units, offering a diverse mix to attract a wide range of tenants. Built in 1960, the two-story building sits on a 6,600 square foot lot and features one parking space per unit. Currently operating at 66% occupancy, the property generates a Net Operating Income (NOI) of $96,929, with a pro-forma NOI projected at $120,209, reflecting a potential cap rate increase from 4.05% to 5.02%. The asking price is $2,395,000, translating to approximately $399,167 per unit. This represents a significant value proposition, especially considering the average median home price in Santa Clara is $1.8 million. The property's strategic location, just 0.7 miles from Santa Clara University and in close proximity to major employers like NVIDIA, Intel, and Levi's Stadium, ensures strong rental demand. The property is zoned R3-25D and the Assessor's Parcel Number (APN) is 269-57-009. This is a rare chance to acquire a well-positioned multifamily asset in the heart of Silicon Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $2,062,211

  6.5%

  $1,903,579

  7%

  $1,767,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,938,480

  Geo Method

  $1,938,480

• Alternative Use

  Use

  Valuation

  Residential

  $1,903,579

  Hospitality

  $1,743,668

  Educational

  $1,450,712

  Medical

  $1,500,604

  Retail

  $2,256,662

Location Insight

City

Santa Clara

County

Santa Clara

State

California

Latitude

37.3403

Longitude

-121.943

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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