2305-2315 Monroe ST, Santa Clara, CA 95050
- $4,745,000
- 10,015
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of Nate Gustavson from PAGCB
- Sold Price
- $4,745,000
- List Price
- $5,488,000
- Closing Date
- Jul 31, 2024
- MLS#
- ML81968315
- Status
- SOLD
- Sqft. of Residence
- 10,015
- Lot Size
- 19,602
- Listing Area
- Santa Clara
- Year Built
- 1962
Property Description
2305 & 2315 Monroe is a two-parcel 16-unit apartment complex located in highly desirable Santa Clara, California. Ideally located right near the headquarters of major tech companies such as Intel, ServiceNOW and the brand new NVIDIA Headquarters, this investment property contains two separate parcels; 2305 Monroe (12-units), and 2315 Monroe (4-units) for a combined 16-units and approximately 10,015 sqft of rentable space. Situated on a combined 19,602 sqft lot, the unit mix consists of one (1) three-bedroom/two-bath unit, one (1) two-bedroom/two-bath unit, one (1) two-bedroom/1.5-bath unit, four (4) two-bedroom/one-bath units, and nine (9) one-bedroom/one-bath units. Tenant amenities on site include a pool and two private laundry rooms with coin-operated washer/dryers for additional income. The property has ample off-street designated parking with twelve (12) covered carport stalls with personal storage, three (3) enclosed garages, and four (4) additional uncovered parking spaces on-site. -- There is massive upside in the rents, new exterior paint, and a new roof on the larger structure installed in 2020. -- Because this property is a fourplex and a twelve-unit, no on-site manager is required.
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Additional Information
- Acres
- 0.45
- Age
- 62
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Carpet, Laminate, Tile
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Covered Parking, Off-Site Parking
- Heating System
- Wall Furnace
- Living Area
- 10,015
- Lot Size
- 19,602
- Neighborhood
- Santa Clara
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Pool Description
- Pool - In Ground
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- R325D
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