Santa Clara Multifamily Investment
1896 Market Street Santa Clara, CA 95050
1896 Market Street, Santa Clara, CA, 95050
$3,480,000
For Sale
$3,480,000
9-unit apartment building in Santa Clara with strong rental upside.
Property Size6,175 SF
Price / SF$563.56
Days on Market167
Property Features for 1896 Market Street
General Information
- Standard status
- Active
- Size
- 6,175 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency
COLDWELL BANKER REALTY
(408) 252-1133
Listed by
VICKY LI · License #01896360
Source
Corcoran
Added: Feb 1 Checked: Jul 17 at 2:39 am
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 9-unit multifamily property is located in Santa Clara and features a unit mix of one 2-bed/1.5-bath, two 2-bed/1-bath, five 1-bed/1-bath, and one studio. The units offer walk-in closets, large bedrooms, hallway storage, dining areas, and living rooms. The 2-bed/1.5-bath unit is approximately 925 square feet, and the 2-bed/1-bath units are around 875 square feet. The property has no rent control and offers rental upside. The grounds are well-maintained and include a large shared backyard, a spacious side yard with benches and BBQ areas, and tenant parking. The property is located near Saratoga and Bellomy, with proximity to major employers, universities, shopping, dining, and transit. This property is suitable for student or corporate housing.
Key Highlights
- 9‑unit investment property in Santa Clara with a desirable unit mix.
- No rent control and strong rental upside potential.
- Ideally located near major employers, universities, shopping, dining, and transit.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.0k | $36.12 |
| − Vacancy | −$10.7k | −$1.73 |
| EGI | $212.3k | $34.39 |
| − OpEx | −$95.6k | −$15.47 |
| NOI | $116.8k | $18.91 |
6,175 SF · lease $36.12/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,784 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,956 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 9-unit apartment building in Santa Clara with strong rental upside.
Where is this apartment building located?
The property is located at 1896 Market Street Santa Clara, CA.
What is the asking price?
The asking price for this property is $3,480,000.
What are key features of this property?
This property features: 9‑unit investment property in Santa Clara with a desirable unit mix.; No rent control and strong rental upside potential.; Ideally located near major employers, universities, shopping, dining, and transit.
