Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1555 Washington Street Santa Clara, CA 95050

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,050,000

    Six-unit multifamily property with strong cap rate and recent upgrades.

    Property size:
    2,585 SF
    Added:
    Jun 19, 2025
    Days on Market:
    305
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1555 Washington Street

    General Information

    Standard status
    Active
    Size
    2,585 SF

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    JIMMY CASTELLANOS

    Listing agent JIMMY CASTELLANOS

    Listing office MARCUS & MILLICHAP

    Listing date Jun 19, 2025

    Source Corcoran

    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

    Overview

    Multifamily Property Near Santa Clara University

    Located in Santa Clara, California, 1555 Washington Street is a well-maintained six-unit single-story multifamily property. Five of the units were constructed in 1953, and a 600-square-foot ADU was added in 2023. Each unit features a one-bedroom, one-bathroom floor plan. The estimated rentable area is approximately 2,690 square feet, situated on an 8,037-square-foot lot. The property delivers a cap rate of 5.39%. All electrical systems were fully upgraded in 2023. The property is located minutes from Santa Clara University, NVIDIA, San Jose International Airport, and other major employment hubs. It offers convenient access to El Camino Real, providing connectivity throughout Santa Clara and neighboring San Mateo County. Washers and dryers are included in every unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.947
    Latitude
    37.3549

    Nearby Similar for Sale

    • $59,000
      1,350 SF

      Turnkey Milk Tea Business Opportunity

      Thriving milk tea shop in prime, high-traffic Santa Clara location.
      2706 Homestead RD, SANTA CLARA, CA 95051
      View Details
    • $3,800,000
      15,600 SF

      Santa Clara Two-Story Office Building

      Two-story office building in Santa Clara, value-add opportunity.
      1900 Lafayette ST, SANTA CLARA, CA 95050
      View Details
    • $3,599,000
      2,124 SF

      Santa Clara Child Development Center

      Turn-key child development center in a prime Santa Clara location.
      2070 Homestead RD, SANTA CLARA, CA 95050
      View Details
    • $150,000
      4,800 SF

      Santa Clara Motorcycle Repair Shop

      Established motorcycle repair shop in Santa Clara for sale.
      De La Cruz BLVD, SANTA CLARA, CA 95050
      View Details
    • $1,825,000
      1,970 SF

      Santa Clara Duplex Opportunity

      Desirable Santa Clara duplex with strong income potential.
      2396 Patricia DR, SANTA CLARA, CA 95050
      View Details
    • $3,800,000
      15,600 SF

      Two-Story Office Building in Santa Clara

      Two-story office building with 12 units in Santa Clara.
      1900 Lafayette Street, Santa Clara, CA 95050
      View Details
    • $2

      Santa Clara Office Building For Sale

      High-profile office building in Santa Clara with modern upgrades.
      1995 El Camino Real, Santa Clara, CA 95050
      View Details
    • $3,200,000
      7,039 SF

      Santa Clara Office Space Available

      High-identity office space in Franklin Square, available now.
      951-955 Monroe St, Santa Clara, CA
      View Details
    • $2,295,000
      3,848 SF

      Santa Clara Multifamily Investment

      Multifamily property in desirable Santa Clara location near major employers.
      2100 Sahara Way, SANTA CLARA, CA 95050
      View Details
    • $3,600,000
      7,843 SF

      Santa Clara Multifamily Investment Opportunity

      10-unit apartment building in Santa Clara with significant upside potential.
      2497 Anna Drive, SANTA CLARA, CA 95050
      View Details
    • Contact for pricing
      3 SF

      Silicon Valley Industrial & Executive Suites

      Industrial and executive suites in the heart of Silicon Valley.
      1400 Coleman Avenue, Santa Clara, CA, 95050
      View Details
    • $2,100,000
      2,585 SF

      Santa Clara Multifamily Property

      Six-unit multifamily property with strong cap rate in Santa Clara.
      1555 Washington Street, Santa Clara, CA 95050
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property with strong cap rate and recent upgrades.
    Where is this apartment building located?
    The property is located at 1555 Washington Street Santa Clara, CA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: Strong in‑place cap rate of 5.39%.; Washers and Dryers in every unit.; New 600‑square‑foot ADU built in 2023.
    We can help!
    Listing Contact
    JIMMY CASTELLANOS
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!