Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2050 Lafayette St Santa Clara, CA 95050

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $9,400,000

    30-unit apartment community in Santa Clara, California, built in 1958.

    Property size:
    21,664 SF

    Property Features for 2050 Lafayette St

    General Information

    Standard status
    Active
    Size
    21,664 SF

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Jefrey Henderson
    Source: Corcoran

    Listing Agent: Jefrey Henderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    30-Unit Apartment Community in Santa Clara

    The property is a 30-unit apartment community located in Santa Clara, California. Constructed in 1958, the property consists of 21,694 square feet situated on a 1.89-acre lot. The unit mix includes 20 one-bedroom, one-bathroom units, 9 two-bedroom, one-bathroom units, and 1 three-bedroom, one-bathroom single-family house. Each tenant benefits from garage parking. Additionally, there are 6 two-car garages that present potential for Accessory Dwelling Unit (ADU) conversions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    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
    -121.9485768
    Latitude
    37.3610858

    Nearby Similar for Sale

    • $3,799,000
      2,124 SF

      Santa Clara Child Development Center

      Turn-key child development center in prime Santa Clara location.
      2070 Homestead Rd, Santa Clara, CA 95050
      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
    • $115,000
      1,350 SF

      Turnkey Milk Tea Business Opportunity

      Thriving milk tea shop in prime location, ready for operation.
      2706 Homestead Rd, Santa Clara, CA 95051
      View Details
    • Contact for pricing
      12,923 SF

      Freestanding Office/R&D Building in Santa Clara

      Office/R&D building with Class-A finishes and advanced security.
      3000 Lakeside Dr, Santa Clara, CA 95054
      View Details
    • $1,599,000

      Remodeled Duplex Near Sunnyvale Border

      Duplex with remodeled unit, private yards, and convenient location.
      1661 Nobili Ave, Santa Clara, CA 95051
      View Details
    • $7,660,000
      12,869 SF

      Santa Clara Multifamily Investment Opportunity

      20-unit apartment building in the heart of Silicon Valley.
      Pomeroy Ave, Santa Clara, CA 95051
      View Details
    • $2,050,000
      2,585 SF

      Multifamily Property Near Santa Clara University

      Six-unit multifamily property with strong cap rate and recent upgrades.
      1555 Washington St, Santa Clara, CA 95050
      View Details
    • $2,188,000
      3,784 SF

      Santa Clara Multifamily Investment Opportunity

      Six-unit property with value-add potential in a prime Silicon Valley location.
      2136 Main St, Santa Clara, CA 95050
      View Details
    • $1,898,000

      Santa Clara Triplex with Yard

      Centrally located Santa Clara triplex with private yards and laundry.
      2475 Karen Dr, Santa Clara, CA 95050
      View Details
    • $2,125,000
      3,784 SF

      Santa Clara Multifamily Investment Opportunity

      Six-unit property with value-add potential in a prime location.
      Main St, Santa Clara, CA 95050
      View Details
    • $2,290,000
      4,264 SF

      Santa Clara Multifamily Investment Opportunity

      Well-maintained, upgraded five-unit multifamily property in Santa Clara.
      2070 Sahara Way, Santa Clara, CA 95050
      View Details
    • Contact for pricing

      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

    FAQs

    What type of property is this?
    Apartment building - 30-unit apartment community in Santa Clara, California, built in 1958.
    Where is this apartment building located?
    The property is located at 2050 Lafayette St Santa Clara, CA.
    What is the asking price?
    The asking price for this property is $9,400,000.
    What are key features of this property?
    This property features: - Prime Silicon Valley location in Santa Clara.; - Substantial 1.89 AC lot size.; - 30-unit apartment community with a mix of unit types (1, 2, and 3-bedroom).
    (408) 453-7461
    Request Owner's contact information
    2050 Lafayette St Santa Clara, CA 95050
    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.
    2050 Lafayette St
    Santa Clara, CA 95050
    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
    2050 Lafayette St Santa Clara, CA 95050
    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

    We can help!
    Listing Contact
    Jefrey Henderson
    (408) 453-7461
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.