Six-Unit Apartment
2351 Sutter Avenue Santa Clara, CA 95050
New
2351 Sutter Avenue, Santa Clara, CA, 95050
$2,388,000
For Sale
$2,388,000
Six-unit apartment property built in 1962 with a mix of one- and two-bedroom apartments.
Property Size4,280 SF
Lot Size0.18 Acres
Price / SF$557.94
Days on Market6
Property Features for 2351 Sutter Avenue
General Information
- Standard status
- Active
- Size
- 4,280 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agency
MARCUS & MILLICHAP
(650) 391-1700
Listed by
JIMMY CASTELLANOS · License #02024152
Source
Corcoran
Added: Jul 16 Updated: Jul 21 at 3:02AM Checked: Jul 21 at 3:02AM
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
This six-unit apartment building was constructed in 1962 and contains approximately 4,280 square feet of rentable space. The unit mix includes three one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units.
The property is located at 2351 Sutter Avenue in Santa Clara, California, and sits on a 7,787-square-foot parcel.
For tenants and investors seeking a residential income asset with a balanced one- and two-bedroom configuration, this community provides an in-place, multi-unit rental setup.
The property is located at 2351 Sutter Avenue in Santa Clara, California, and sits on a 7,787-square-foot parcel.
For tenants and investors seeking a residential income asset with a balanced one- and two-bedroom configuration, this community provides an in-place, multi-unit rental setup.
Key Highlights
- 6‑unit apartment community built in 1962 in Santa Clara
- Approx. 4,280 rentable SF on a 7,787 SF parcel
- Unit mix: three 1 bed/1 bath units and three 2 bed/1 bath units
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 | $154.6k | $36.12 |
| − Vacancy | −$7.4k | −$1.73 |
| EGI | $147.2k | $34.39 |
| − OpEx | −$66.2k | −$15.47 |
| NOI | $80.9k | $18.91 |
4,280 SF · lease $36.12/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,945 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,873 @ 7.0% cap · market cap 7.57%
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 - Six-unit apartment property built in 1962 with a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 2351 Sutter Avenue Santa Clara, CA.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: 6‑unit apartment community built in 1962 in Santa Clara; Approx. 4,280 rentable SF on a 7,787 SF parcel; Unit mix: three 1 bed/1 bath units and three 2 bed/1 bath units
