Bought with Laura Kreuger • Asset Locale, Inc
$2,180,000
$2,188,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,041 SqFt
SOLD DATE : 05/15/2025
Key Details
Sold Price $2,180,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,041 sqft
Price per Sqft $716
MLS Listing ID ML82001940
Sold Date 05/15/25
Style Victorian
Bedrooms 8
Full Baths 4
Year Built 1900
Lot Size 7,405 Sqft
Property Sub-Type Triplex
Property Description
Skip the volatility of the stock market and invest in a fixed asset with predictable income. This Santa Clara triplex features 8 bedrooms and 4 bathrooms, and starting July 1st, generates $12,000/month on a 12-month lease with a strong 5.12% cap rate and tenants covering all utilities. Hello, instant cash flow! Recent renovations include new flooring throughout, updated kitchen cabinets with granite and quartz countertops, modern bathroom vanities, new fixtures, and copper plumbing for long-term value. Located directly across from the Santa Clara Caltrain station and future BART stop, and just a short walk to Santa Clara University, this property is perfectly positioned for consistent rental demand in a high-growth area. Predictable income. Prime location. Upside potential.
Location
State CA
County Santa Clara
Area Santa Clara
Zoning R1
Rooms
Other Rooms Laundry Room, Loft, Storage
Kitchen Countertop - Granite, Dishwasher, Cooktop - Gas, Garbage Disposal, Microwave, Cooktop - Electric, Refrigerator
Interior
Heating Wall Furnace , Central Forced Air - Gas
Cooling Central AC, Window / Wall Unit
Flooring Tile, Carpet, Vinyl / Linoleum
Laundry Washer / Dryer
Exterior
Exterior Feature Back Yard, Low Maintenance
Parking Features On Street, Parking Area
Utilities Available Public Utilities
Roof Type Composition
Building
Story 2
Foundation Concrete Perimeter, Concrete Slab, Crawl Space
Sewer Sewer Connected
Water Public
Level or Stories 2
Others
Tax ID 230-07-048
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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