Two-Story 8-Unit Multifamily
2173 Aza Drive Santa Clara, CA 95050
2173 Aza Drive, Santa Clara, CA, 95050
$2,790,000
For Sale
$2,790,000
Well-maintained two-story building with four two-bedroom and four one-bedroom units, plus eight covered parking spaces.
Property Size5,640 SF
Price / SF$494.68
Days on Market37
Property Features for 2173 Aza Drive
General Information
- Standard status
- Active
- Size
- 5,640 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing agency
Compass
(650) 770-8356
Listed by
Tony Zizzo · License #01962093
(650) 770-8356
Source
Exitrealty
Added: Jun 15 Updated: Jul 21 at 2:21PM Checked: Jul 21 at 2:21PM
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.
2173 Aza Drive is a well-maintained, two-story multifamily property built in 1959, consisting of eight total units. The unit mix includes (4) two-bedroom/one-bath homes and (4) one-bedroom/one-bath homes. The property is reported to have completed a full electrical upgrade and is SB 721 compliant. Each unit is described as featuring wall heating and functional kitchens with separate stovetops and ovens, along with abundant cabinet space. Flooring includes a mixture of carpet, tile, and vinyl wood-plank.
On-site amenities include eight covered parking spaces and a dedicated community laundry facility for tenant convenience.
The property is offered for sale as an income-producing multifamily asset with an established residential layout and updated electrical systems.
On-site amenities include eight covered parking spaces and a dedicated community laundry facility for tenant convenience.
The property is offered for sale as an income-producing multifamily asset with an established residential layout and updated electrical systems.
Key Highlights
- 8‑unit multifamily property in Santa Clara built in 1959, with 5,640 sqft across a two‑story building
- Unit mix: four (4) two‑bedroom/one‑bath units and four (4) one‑bedroom/one‑bath units
- Recently completed full electrical upgrade and SB 721 compliant
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 | $203.7k | $36.12 |
| − Vacancy | −$9.8k | −$1.73 |
| EGI | $193.9k | $34.39 |
| − OpEx | −$87.3k | −$15.47 |
| NOI | $106.7k | $18.91 |
5,640 SF · lease $36.12/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,666 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,347 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained two-story building with four two-bedroom and four one-bedroom units, plus eight covered parking spaces.
Where is this apartment building located?
The property is located at 2173 Aza Drive Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: 8‑unit multifamily property in Santa Clara built in 1959, with 5,640 sqft across a two‑story building; Unit mix: four (4) two‑bedroom/one‑bath units and four (4) one‑bedroom/one‑bath units; Recently completed full electrical upgrade and SB 721 compliant
