2070 3rd ST, Santa Clara, CA 95054
- $2,680,000
- 4,632
- SqFt
Listed by Will Tharp, 650-918-0742 from Magnify Real Estate
(If provided) CoList: from
Sold listing courtesy of Kyle De Mattei from DYNA8
- Sold Price
- $2,680,000
- List Price
- $2,788,000
- Closing Date
- Dec 26, 2025
- MLS#
- ML82013844
- Status
- SOLD
- Sqft. of Residence
- 4,632
- Lot Size
- 12,500
- Listing Area
- Santa Clara
- Year Built
- 1957
Property Description
**6.59% Cap Rate!** 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, 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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Additional Information
- Acres
- 0.29
- Age
- 68
- Cooling System
- Central AC
- Days On Market
- Unknown
- Floor Covering
- Hardwood, Laminate, Tile
- Foundation
- Concrete Perimeter
- Garage Parking
- On Street
- Heating System
- Central Forced Air
- Living Area
- 4,632
- Lot Size
- 12,500
- Neighborhood
- Santa Clara
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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