2070 3rd Street, Santa Clara, CA 95054
  • MLS#: ML82013844 ( )
  • Street Address: 2070 3rd Street
  • Viewed: 1
  • Price: $2,998,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: SANTA CLARA
  • City: Santa Clara
  • Zipcode: 95054
  • Provided by: Magnify Real Estate
  • Contact: Will Will
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    2070 3rd St presents a rare opportunity to acquire a well maintained 10 unit multifamily property in the heart of Silicon Valley. The building consists of (10) 1BD/1BA units (Subsidized Housing), attracting single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low density layout with potential for future development. Each unit includes A/C, forced air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on site laundry and a brand new roof. The property generates strong cash flow with in place rents and further upside. Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long term investment performance. This asset offers a compelling mix of steady income and value add potential in a prime location.
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Features
Building Area Total
  1. 4632.00
Carport Spaces
  1. 0.00
Cooling
  1. Central Air
Heating
  1. Central
Insurance Expense
  1. 3485.00
Otherexpense
  1. 2891.00
Parcel Number
  1. 10410043
Roof
  1. Composition
Totalexpenses
  1. 65830.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1957
Year Built Source
  1. Assessor
Zoning
  1. R3