2024-2050 Lafayette St - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$9,400,000 USD
925-330-3642
2024-2050 Lafayette St, Santa Clara, CA for Sale
$9,400,000 USD
Apartments - FOR SALE
1/8
null | 4.35% Cap Rate

2024-2050 Lafayette St
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Desirable Unit Mix & Condition
  • Opportunity To Explore Adding Six Attached ADUs
  • Strong Historical Occupancy
  • Proximity To Silicon Valley Tech Companies
  • Covered Land Play

OVERVIEW

CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 2050 Lafayette St (the Property), a 30-unit apartment community in the highly sought after Silicon Valley suburb of Santa Clara, California. The Property was built in 1958 and includes (20) one-bedroom, one-bathroom, (9) two-bedroom, one-bathroom units, and (1) three-bedroom, 1-bathroom SFH. The property is comprised of 21,694 square feet and sits on a 1.89 AC lot. The Property features garage parking for each individual tenant and (6) two-car garages that are ideal candidates for ADU conversions. Please contact the CBRE Listing Team for additional information or to schedule a property tour.

FOR SALE DETAILS

PRICE

$9,400,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

30

PRICE/UNIT

$313,333

CAP RATE

4.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madeira Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

ML

APN/PARCEL ID

224-05-096

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

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