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Listed by Eric Katz • Magnify Real Estate
$3,488,000
Est. payment /mo
5,838 SqFt
Open House
Wed Aug 20, 5:00pm - 6:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,838 sqft
Price per Sqft $597
MLS Listing ID ML82017166
HOA Y/N No
Year Built 1959
Lot Size 7,900 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Magnify is pleased to offer 450 California Street in Santa Clara, which presents an opportunity to acquire a rare turnkey asset with (8) 2 Bedroom units in a top Silicon Valley rental market. Built in 1959 and extensively renovated in 2016, the property offers 5,838 square feet of building space on a 7,900 square foot lot. The recent renovations enhance the appeal of the asset, providing modernized interiors and updated building systems including copper/ABS plumbing, dual pane windows, and upgraded electrical systems that reduce maintenance costs and attract quality tenants. With strong in-place fundamentals and further upside, this asset is ideal for investors seeking stable cash flow and long-term appreciation in Silicon Valley. Strategically located in the heart of Santa Clara, the property is within a 10-minute drive of key lifestyle and employment hubs including Santa Clara University, Westfield Valley Fair, Santana Row, and Levis Stadium. It also benefits from proximity to major tech employers such as Nvidia, Intel, Oracle, and the Apple Park campus. The area is well-connected by Caltrain, VTA light rail, and major highways, offering residents convenient access to the broader Bay Area.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613