2497 Anna Dr - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$3,600,000 USD
408-893-8063
2497 Anna Dr, Santa Clara, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/13
null | 4.05% Cap Rate

2497 Anna Dr
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • 50% OF THE UNITS ARE CURRENTLY ELGIBLE FOR A RENTAL INCREASE
  • 80% OF THE UNITS ARE RENOVATED
  • 5 MINUTES TO NVIDIA HQ & OTHER PROMINENT SILICON VALLEY TECH COMPANIES

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

10

PRICE/UNIT

$360,000

CAP RATE

4.05%

% 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

13

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

*R325, Santa Clara

APN/PARCEL ID

290-08-150

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

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