450 California St - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$3,488,000 USD
408-438-0969
450 California St, Santa Clara, CA for Sale
$3,488,000 USD
Apartments - FOR SALE
1/23
null | 5.36% Cap Rate

450 California St
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Prime investment opportunity located in Santa Clara
  • Desirable unit mix: 2 2BD/1BA and 6 1BD/1BA units
  • Fully renovated in 2016 with modernized interiors and upgraded building systems
  • Minutes from Santa Clara University, Santana Row, Westfield Valley Fair, and Levi’s Stadium
  • Surrounded by major employers including Intel, Nvidia, Oracle, and Apple Park
  • Near Caltrain, VTA light rail, and major highways

OVERVIEW

450 California Street presents a unique opportunity to acquire an 8-unit multifamily property in the thriving city of Santa Clara. Built in 1959 and extensively renovated in 2016, the property offers 5,838 square feet of building space on a 7,900 square foot lot. The recent renovations enhance the appeal of the asset, providing modernized interiors and updated building systems that reduce maintenance costs and attract quality tenants. With a manageable unit count and strong in-place fundamentals, this asset is ideal for investors seeking stable cash flow and long-term appreciation in Silicon Valley. Strategically located in the heart of Santa Clara, the property is within a 10-minute drive of key lifestyle and employment hubs including Santa Clara University, Westfield Valley Fair, Santana Row, and Levi’s Stadium. It also benefits from proximity to major tech employers such as Intel, Nvidia, Oracle, and the Apple Park campus. The area is well-connected by Caltrain, VTA light rail, and major highways, offering residents convenient access to the broader Bay Area.

FOR SALE DETAILS

PRICE

$3,488,000 USD

PRICE/SF

$597 USD /SF

# OF UNITS

8

PRICE/UNIT

$436,000

CAP RATE

5.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,884 SF

ZONING

*R325, Santa Clara

APN/PARCEL ID

269-39-004

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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