Upgraded Triplex with Onsite
For Sale
$2,100,000
920 Clyde Avenue, Santa Clara, CA 95054
Multifamily property with refreshed interiors, central climate control, and an onsite laundry area.
Property Size4,371 SF
Price / SF$480.44
Days on Market559
Property Features for 920 Clyde Avenue
General Information
Standard status
Active
Size
4,371 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Amenities
onsite laundry area
mature landscaping
Building Details
Year Built
1963
Listing Agency:
Marcus & Millichap
(650) 269-6453
Listed By:
Michael Henshaw · License #01134592
(650) 269-6453
Source:
Exitrealty
Added: Feb 17, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 4,371-square-foot triplex was built in 1963 and includes an owner's unit with updated flooring. The property also features upgraded interiors, central air conditioning, forced-air heating, and upgraded windows. An onsite laundry area adds shared operational convenience for the apartment homes.
Mature landscaping contributes to the property's exterior presentation, while the building is located within the Santa Clara Unified School District. The property is served by the City of Santa Clara's municipal utility company and is subject to AB 1482. Santa Clara permits landlords to recapture RUBS, providing a defined framework for utility cost allocation.
Mature landscaping contributes to the property's exterior presentation, while the building is located within the Santa Clara Unified School District. The property is served by the City of Santa Clara's municipal utility company and is subject to AB 1482. Santa Clara permits landlords to recapture RUBS, providing a defined framework for utility cost allocation.
Key Highlights
- 4,371‑square‑foot triplex built in 1963
- Owner's unit features updated flooring
- Upgraded interiors, windows, central AC, and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,240
$1.9M
Cap Rate 7%
$1,331,600
$1.3M
Cap Rate 9%
$1,035,689
$1.0M
Market Conditions
NOI Build-Up for 4,371 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.0K $31.80/SF
− Vacancy
−$5.8K −$1.34/SF
EGI
$133.2K $30.46/SF
− OpEx
−$39.9K −$9.14/SF
NOI
$93.2K $21.33/SF
Area
Santa Clara, CA
Vacancy
4.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,864,240
Cap Rate 7%
$1,331,600
Cap Rate 9%
$1,035,689
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,212 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,666 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,719 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 95054, CA
25,024
Population
10,001
Households
2.5
Avg Household Size
34
Median Age
68%
College-Educated
94%
High-School Grad
6.4 sq mi
ZIP Area
3,910
Density / Sq Mi
$204,052
Median Household Income
$113,956
Median Earnings
$3,413
Median Rent
$1,475,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with refreshed interiors, central climate control, and an onsite laundry area.
Where is this triplex located?
The property is located at 920 Clyde Avenue Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4,371‑square‑foot triplex built in 1963; Owner's unit features updated flooring; Upgraded interiors, windows, central AC, and forced‑air heating
