869 Bing Dr - Apartments FOR SALE


Santa Clara, CA 95051- Outer Santa Clara
$2,100,000 USD
408-483-5040
869 Bing Dr, Santa Clara, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/28
null | 3.88% Cap Rate

869 Bing Dr
Santa Clara, CA 95051
Outer Santa Clara


HIGHLIGHTS

  • No local rent control in Santa Clara , providing investors with greater flexibility for rent increases and operational upside.
  • Desirable unit mix featuring one spacious 3 - bedroom/2 - bathroom unit and three well - proportioned 2 - bedroom/1 - bathroom units.
  • Earthquake retrofitted , a rare and valuable upgrade for a 4plex, reducing long - term risk and en hancing asset stability.

OVERVIEW

The Castellanos Team is pleased to present 869 Bing Drive, a rare opportunity to acquire a well-maintained fourplex in a high-demand rental market. Built in 1963, the property features 3,594 square feet of rentable space on a 7,389 square foot lot. The building offers an attractive unit mix consisting of one large 3-bedroom/2-bathroom unit and three spacious 2-bedroom/1-bathroom units, catering to a wide range of tenants. The property has been thoughtfully maintained by long-term ownership and was recently earthquake retrofitted, a premium improvement rarely found in buildings of this size.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

4

PRICE/UNIT

$525,000

CAP RATE

3.88%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

290-40-035

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.