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    184 Roxbury St Santa Clara, CA 95050

    Sponsored
    For Sale
    $2,395,000

    Six-unit apartment building, prime location.

    Property size:
    4,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional six-unit apartment building in Santa Clara, CA, presents a compelling value-add investment opportunity. Located at 184 Roxbury Street, this property boasts 4,484 square feet of rentable space across four one-bedroom and two two-bedroom units, offering a diverse mix to attract a wide range of tenants. Built in 1960, the two-story building sits on a 6,600 square foot lot and features one parking space per unit. Currently operating at 66% occupancy, the property generates a Net Operating Income (NOI) of $96,929, with a pro-forma NOI projected at $120,209, reflecting a potential cap rate increase from 4.05% to 5.02%. The asking price is $2,395,000, translating to approximately $399,167 per unit. This represents a significant value proposition, especially considering the average median home price in Santa Clara is $1.8 million. The property's strategic location, just 0.7 miles from Santa Clara University and in close proximity to major employers like NVIDIA, Intel, and Levi's Stadium, ensures strong rental demand. The property is zoned R3-25D and the Assessor's Parcel Number (APN) is 269-57-009. This is a rare chance to acquire a well-positioned multifamily asset in the heart of Silicon Valley.

    Property Features for 184 Roxbury St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,484 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Prime location: 0.7 miles from Santa Clara University, near NVIDIA, Intel, and Levi's Stadium.
    • Exceptional value‑add opportunity: $2,395,000 asking price, approximately $400,000 per unit, significantly below the $1.8M median home price.
    • Six‑unit multifamily building: Four one‑bedroom and two two‑bedroom units offering diverse tenant appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -121.9427044
    Latitude
    37.3402804

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 184 Roxbury St Santa Clara, CA.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: Prime location: 0.7 miles from Santa Clara University, near NVIDIA, Intel, and Levi's Stadium.; Exceptional value-add opportunity: $2,395,000 asking price, approximately $400,000 per unit, significantly below the $1.8M median home price.; Six-unit multifamily building: Four one-bedroom and two two-bedroom units offering diverse tenant appeal.
    Request Owner's contact information
    184 Roxbury St Santa Clara, CA 95050
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    Santa Clara, CA 95050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    184 Roxbury St Santa Clara, CA 95050
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