2351 Sutter Ave - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$2,388,000 USD
650-546-1030
2351 Sutter Ave, Santa Clara, CA for Sale
$2,388,000 USD
Apartments - FOR SALE
1/75
null | 4.34% Cap Rate

2351 Sutter Ave
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Well-maintained 6-unit apartment community featuring a balanced mix of three 1-bedroom and three 2-bedroom units
  • Minutes from Apple, NVIDIA, Santana Row, and Santa Clara University.
  • Featuring dual-pane windows throughout, covered parking, on-site laundry facilities.

OVERVIEW

2351 Sutter Avenue is a premier 6-unit apartment community ideally positioned in the highly desirable City of Santa Clara, surrounded by Silicon Valley's leading technology and healthcare employers. This well-maintained property offers investors a compelling blend of stable cash flow and value-add potential, featuring a balanced mix of one- and two-bedroom units, covered parking, on-site laundry, and recent capital improvements. With rents currently below market and an estimated 14% upside, ownership can unlock additional revenue while benefiting from Santa Clara’s historically low housing supply, affluent demographics, and proximity to world-class employment centers, shopping destinations, and educational institutions. This is an exceptional opportunity to acquire a strategically located multifamily asset with strong fundamentals and long-term growth potential.

FOR SALE DETAILS

PRICE

$2,388,000 USD

PRICE/SF

$558 USD /SF

# OF UNITS

6

PRICE/UNIT

$398,000

CAP RATE

4.34%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3-25D, Santa Clara

APN/PARCEL ID

303-12-011

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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