1555 Washington St - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$2,295,000 USD
408-483-5040
1555 Washington St, Santa Clara, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/16
null | 5.39% Cap Rate

1555 Washington St
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Six single-story one-bedroom, one-bathroom units, including a modern 600-square-foot ADU built in 2023
  • Complete electrical system upgrade finished in 2023, ensuring updated safety and efficiency
  • Strong immediate cash flow with an in-place cap rate of 5.39%
  • Excellent location minutes from Santa Clara University, NVIDIA, San Jose International Airport, and close to El Camino Real

OVERVIEW

Contact jcastellanos@marcusmillichap.com Jimmy Castellanos is pleased to present 1555 Washington Street, a well-maintained six-unit single-story multifamily property in Santa Clara, California. Five of the units were constructed in 1953, complemented by a recently built 600-square-foot ADU added in 2023. Each unit offers a one-bedroom, one-bathroom floor plan, with a total estimated rentable area of approximately 2,690 square feet (buyer to verify). The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.39%. Notably, all electrical systems were fully upgraded in 2023, ensuring the property meets modern safety and efficiency standards. Located just minutes from Santa Clara University, NVIDIA, San Jose International Airport, and other major employment hubs, the property offers convenient access to El Camino Real, providing seamless connectivity throughout Santa Clara and neighboring San Mateo County.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$853 USD /SF

# OF UNITS

6

PRICE/UNIT

$382,500

CAP RATE

5.39%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CT

APN/PARCEL ID

224-28-050

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.