CBRE, as exclusive listing agent, is pleased to present the opportunity to acquire 2497 Anna Dr (The Property), a 10-unit apartment community in the highly sought after Silicon Valley suburb of Santa Clara, CA. The Property was built in 1958 and features a unit mix of (8) eight 1 Bed, 1 Bath and (2) two 2 Bed, 1 Bath units comprising of approximately 7,850 square feet. Additionally, the property is situated on a large lot totaling 0.34 acres.
50% of the units are currently eligible for a rent increase giving the buyer immediate upside on Day 1. In addition, current rents are approximately 17% below market rents in Santa Clara, leaving room for more upside in the future as rents continue to rise in Silicon Valley.
Please contact the CBRE Listing Team for additional information or to schedule a property tour.