4-Unit Quadplex with Community
New
For Sale
$2,188,000
2134 Main ST, Santa Clara, CA 95050
The residential income property pairs a larger three-bedroom residence with three two-bedroom units and shared laundry.
Property Size3,689 SF
Lot Size0.18 Acres
Price / SF$593.11
Days on Market7
Property Features for 2134 Main ST
General Information
Standard status
Active
Size
3,689 SF
Total Parking Spaces
4
Lot size
0.18 Acres
Property subtype
Fourplex
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
4.72%
Taxes and HOA fees
Annual Taxes
$26,241
Amenities
community laundry room
Building Details
Building Size
3,689 SF
Year Built
1962
Buildings
1
Listing Agency:
Compass
Listed By:
Ismael Benhamida · License #01722847
(408) 373-6195
Source:
Lynnnorth
Added: Oct 8
Changed: Oct 12
Last Checked: Oct 13 at 3:35AM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1962, this four-unit property contains 3,689 square feet on a 7,841-square-foot lot. The unit mix includes a three-bedroom, two-bath residence of approximately 1,300 square feet and three two-bedroom, one-bath units of approximately 775 square feet each. The larger unit has a private front yard and garage; each of the other units has carport parking. Residents also have access to a community laundry room.
Work completed includes driveway concrete repairs, dual-pane window installation, a full renovation of Unit 1, and SB-721 clearance. The property is 1.2 miles from Nvidia headquarters and 4.9 miles from Apple Park, with Intel, Google, Amazon, and Santa Clara University also identified in the surrounding area. Valley Fair, Santana Row, Caltrain, and SJC airport are described as minutes away.
Work completed includes driveway concrete repairs, dual-pane window installation, a full renovation of Unit 1, and SB-721 clearance. The property is 1.2 miles from Nvidia headquarters and 4.9 miles from Apple Park, with Intel, Google, Amazon, and Santa Clara University also identified in the surrounding area. Valley Fair, Santana Row, Caltrain, and SJC airport are described as minutes away.
Key Highlights
- Four units totaling 3,689 SqFt on a 7,841 SqFt lot
- Unit mix: one 3‑bed/2‑bath home (~1,300 SqFt) and three 2‑bed/1‑bath units (~775 SqFt each)
- Private front yard and garage for the larger unit; carport parking for each of the three other units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,668
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,360
$1.6M
Cap Rate 7%
$1,123,829
$1.1M
Cap Rate 9%
$874,089
$874.1K
Market Conditions
NOI Build-Up for 3,689 SF
Gross rent
$117.3K $31.80/SF
− Vacancy
−$4.9K −$1.34/SF
EGI
$112.4K $30.46/SF
− OpEx
−$33.7K −$9.14/SF
NOI
$78.7K $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 Rate 5%
$1,573,360
Cap Rate 7%
$1,123,829
Cap Rate 9%
$874,089
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$983.4K – $1.31M
NOI $78,668 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$996.7K
$872.1K – $1.16M
NOI $69,768 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,897 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
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Business Placement
Demographics for 95050, CA
39,031
Population
16,674
Households
2.3
Avg Household Size
35
Median Age
54%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
7,097
Density / Sq Mi
$130,051
Median Household Income
$73,578
Median Earnings
$2,522
Median Rent
$1,420,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - The residential income property pairs a larger three-bedroom residence with three two-bedroom units and shared laundry.
Where is this quadplex located?
The property is located at 2134 Main ST Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Four units totaling 3,689 SqFt on a 7,841 SqFt lot; Unit mix: one 3‑bed/2‑bath home (~1,300 SqFt) and three 2‑bed/1‑bath units (~775 SqFt each); Private front yard and garage for the larger unit; carport parking for each of the three other units
