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Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$2,388,000
Est. payment /mo
3 Beds
2 Baths
4,280 SqFt
New
2351 Sutter AVE Santa Clara, CA 95050
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,280 sqft
Price per Sqft $557
MLS Listing ID ML82054306
Bedrooms 3
Full Baths 2
Year Built 1962
Lot Size 7,787 Sqft
Property Sub-Type Five or More Units
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 Santa Clara
Zoning R3
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Assigned Spaces, Common Parking Area, Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 303-12-011
Security Features None
Special Listing Condition Not Applicable
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