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    Multifamily Property with 19 Units Title is generated by Realmo AI

    2705 Homestead Rd, Santa Clara, CA 95051

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    Multifamily property featuring 19 units in Santa Clara, California.

    Type:Multifamily
    Property size:
    18,888 SF
    Price / SF:
    $328/SF
    Added:
    Feb 25, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 24 at 3:34 pm

    Property Features for 2705 Homestead Rd

    General Information

    Standard status
    Active
    Size
    18,888 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1960

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    Tony Odom
    Tony Odom

    Listing office Compass Commercial Real Estate

    Listing date Feb 25, 2026

    Source Crexi

    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 Commercial Real Estate

    HighLights

    • Multifamily property featuring 19 units.
    • Priced at $326,316 per unit.
    • Constructed in 1960.

    Overview

    This multifamily property, located in Santa Clara, California, comprises 19 units. The property is suitable for residential income purposes and is classified as an apartment building. The total building size is 18888 square feet.

    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 $682.2k $36.12
    − Vacancy −$32.7k −$1.73
    EGI $649.5k $34.39
    − OpEx −$292.3k −$15.47
    NOI $357.2k $18.91
    18,888 SF · lease $36.12/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $5.10M
    $4.47M – $5.95M (±1% cap)
    NOI $357,218 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $11.40M
    $9.98M – $13.30M (±1% cap)
    NOI $798,208 @ 7.0% cap · market cap 12.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Big Box & Wholesale Store Garden Center Electrical Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clara
    County
    Santa Clara
    State
    California
    Longitude
    -121.9755845
    Latitude
    37.3388886

    FAQs

    What type of property is this?
    Apartment building - Multifamily property featuring 19 units in Santa Clara, California.
    Where is this apartment building located?
    The property is located at 2705 Homestead Rd Santa Clara, CA.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: Multifamily property featuring 19 units.; Priced at $326,316 per unit.; Constructed in 1960.
    More about this property
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