1379 Reeve St - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$2,900,000 USD
408-483-5040
1379 Reeve St, Santa Clara, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/23
null | 4.28% Cap Rate

1379 Reeve St
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Desirable Unit Mix – Six 1-bed/1-bath and two 2-bed/1-bath units.
  • Prime Location – Walking distance to Santa Clara University, Caltrain, VTA bus stops, and minutes from major tech employers like Intel, AMD, and NVI
  • Well-Maintained – Double-pane windows, pitched roof, and manicured landscaping with excellent curb appeal.
  • Below Replacement Cost – Acquire eight quality units at a fraction of single-family home prices and below replacement cost.
  • No Local Rent Control – Greater income flexibility and long-term upside for investors.

OVERVIEW

Jimmy Castellanos is excited to present 1379 Reeve Street, a rare eight-unit multifamily investment in one of Silicon Valley’s most supply-constrained and high-demand rental markets. The property features a well-balanced unit mix of six one-bedroom/one-bath units and two spacious two-bedroom/one-bath units, totaling approximately 4,756 rentable square feet on an 8,700 square foot lot. This functional mix appeals to both students and professionals seeking privacy, space, and convenience in a premier location.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$610 USD /SF

# OF UNITS

8

PRICE/UNIT

$362,500

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R3, Sta Clara

APN/PARCEL ID

224-25-013

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.