Residential Income Property with
For Sale
$1,995,000
2172 Aza Drive, Santa Clara, CA 95050
Wall and window units provide cooling, while a wall furnace serves the property.
Property Size3,556 SF
Price / SF$561.02
Days on Market22
Property Features for 2172 Aza Drive
General Information
Standard status
Active
Size
3,556 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R318
Site & Location
Neighborhood
Newhall
Taxes and HOA fees
Annual Taxes
$23,500
Amenities
Wall/Window Unit(s)
Wall Furnace
Dishwasher, Disposal, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan
Carport
Building Details
Building Size
3,556 SF
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
Silicon Valley Multifamily Group
Listed By:
Michael Shields · License #1327546
(408) 356-1900
Source:
Evrealestate
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 24 at 6:34PM
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 Silicon Valley Multifamily Group
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Investment Insights
Based on property information with market context.
This 3,556-square-foot residential income property was built in 1958 and includes a carport. Interior features include wall and window units, a wall furnace, and a kitchen equipped with a dishwasher, disposal, microwave, refrigerator, range hood, and vented exhaust fan. The property is zoned R318 and is located in Santa Clara.
Key Highlights
- 3,556‑square‑foot residential income property
- Built in 1958
- Zoned R318
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,253
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,060
$1.3M
Cap Rate 7%
$960,757
$960.8K
Cap Rate 9%
$747,256
$747.3K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$128.4K $36.12/SF
− Vacancy
−$6.2K −$1.73/SF
EGI
$122.3K $34.39/SF
− OpEx
−$55.0K −$15.47/SF
NOI
$67.3K $18.91/SF
Area
Santa Clara, CA
Vacancy
4.80%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,060
Cap Rate 7%
$960,757
Cap Rate 9%
$747,256
Alternative Uses
Best Use
Apartment 5plus
$960.8K
$840.7K – $1.12M
NOI $67,253 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,277 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Wall and window units provide cooling, while a wall furnace serves the property.
Where is this residential income property located?
The property is located at 2172 Aza Drive Santa Clara, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3,556‑square‑foot residential income property; Built in 1958; Zoned R318
