Four-Unit Quadplex with
For Sale
$1,995,000
2172 Aza Drive, Santa Clara, CA 95050
ResidentialIncome, SantaClara, CA
Property Size3,556 SF
Lot Size0.23 Acres
Price / SF$561.02
Days on Market17
Property Features for 2172 Aza Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R318
Parking
4
Parking features
Carport, Assigned
Appliances
Dishwasher, ExhaustFan, GarbageDisposal, HoodOverRange, Microwave, OvenRangeGas, Refrigerator, WasherDryer
Elementary school
SantaClaraUnified
Middle school
BuchserMiddle
High school
SantaClaraUnified
Elementary school district
SantaClaraUnified
High school district
SantaClaraUnified
Directions
Off Royal Drive, between Amelia Way & Joan Way
Subdivision
SantaClara
Standard status
Active
APN
224-18-010
Size
3,556 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
23500
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Amenities
air conditioning
dishwashers
washers & dryers
covered parking
additional on-site parking
dedicated storage closet
private backyard
shared landscaped courtyard
Building Details
Year built
1958
Floors in Building
1
Number of units
4
Flooring type
Laminate, Tile
Roof type
Composition
Listing Agency:
SiliconValley MultiFamilyGroup
Listed By:
Michael Shields · License #01327546
(408) 356-1900
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 21 at 10:06AM
MLS# ML82063660
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This single-story quadplex contains four 2-bedroom, 1-bathroom residences, each approximately 850 square feet, within a 3,556-square-foot building on a 0.2299-acre parcel. All units include air conditioning, dishwashers, washers and dryers, and individual storage closets. Two residences have private backyard areas, and residents share a landscaped courtyard.
Parking includes a covered space and one additional on-site space for each unit. Built in 1958, the property has public water and sewer service and R318 zoning. It is not subject to municipal rent control; rent adjustments remain subject to California state regulations. Technology companies, retail, dining, recreation, and major transportation corridors are nearby.
Parking includes a covered space and one additional on-site space for each unit. Built in 1958, the property has public water and sewer service and R318 zoning. It is not subject to municipal rent control; rent adjustments remain subject to California state regulations. Technology companies, retail, dining, recreation, and major transportation corridors are nearby.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units, approximately 850 square feet each
- 3,556‑square‑foot building on a 0.2299‑acre parcel
- Air conditioning, dishwasher, washer and dryer, and storage closet in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,832
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,640
$1.5M
Cap Rate 7%
$1,083,314
$1.1M
Cap Rate 9%
$842,578
$842.6K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$113.1K $31.80/SF
− Vacancy
−$4.7K −$1.34/SF
EGI
$108.3K $30.46/SF
− OpEx
−$32.5K −$9.14/SF
NOI
$75.8K $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%
$1,516,640
Cap Rate 7%
$1,083,314
Cap Rate 9%
$842,578
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.9K – $1.26M
NOI $75,832 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$960.8K
$840.7K – $1.12M
NOI $67,253 @ 7.0% cap · market cap 3.37%
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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Open Analytics
Lease Details
4
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each two-bedroom residence has laundry, air conditioning, a dishwasher, and a dedicated storage closet.
Where is this quadplex 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: Four 2‑bedroom, 1‑bathroom units, approximately 850 square feet each; 3,556‑square‑foot building on a 0.2299‑acre parcel; Air conditioning, dishwasher, washer and dryer, and storage closet in each unit
