2868 Homestead Rd - Apartments FOR SALE


Santa Clara, CA 95051- Outer Santa Clara
$6,000,000 USD
408-483-5040
2868 Homestead Rd, Santa Clara, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/19
null | 5.22% Cap Rate

2868 Homestead Rd
Santa Clara, CA 95051
Outer Santa Clara


HIGHLIGHTS

  • Thirteen 2BD/2.5BA units, one 3BD/2.5BA unit, and one studio efficiency, all featuring central A/C and forced air heating, allowing for premium rents.
  • Minutes from major employers like Apple, NVIDIA, Intel, and Kaiser.
  • Located in rent-control-free Santa Clara, offering strong upside potential in a high-demand, high-barrier submarket.
  • Forced air heating and central a/c across all units + private garages.

OVERVIEW

Jimmy Castellanos is pleased to present 2868 Homestead Road, a rare and desirable 15 unit townhome style apartment community offering investors a premium opportunity in one of Silicon Valley’s most sought after submarkets. The property features thirteen 2 bedroom, 2.5 bathroom townhomes, one spacious 3 bedroom, 2.5 bathroom townhome, and one efficiency studio unit, providing a diverse and highly rentable configuration. Each unit includes central air conditioning and forced air heating, adding meaningful comfort and long term value. The townhome style layout serves as a major differentiator, offering multilevel living, private entrances, and increased space, which supports stronger rental income compared to traditional apartment units and appeals to a growing tenant base seeking more privacy and a higher quality living experience.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

15

PRICE/UNIT

$400,000

CAP RATE

5.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Homestead Garden Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R1-6L

APN/PARCEL ID

293-25-034

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.