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$2,388,000
Est. payment /mo
7,788 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82054306
HOA Y/N No
Year Built 1962
Annual Tax Amount $29,188
Lot Size 7,788 Sqft
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition,Shingle
Total Parking Spaces 1
Building
Water Public
Schools
Elementary Schools Lynhaven
Middle Schools Monroe
High Schools Del Mar
School District Other
Others
Tax ID 30312011
Special Listing Condition Standard
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Listed by Jimmy Castellanos Marcus & Millichap #02024152
Nearby Locations
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