184 Roxbury St Santa Clara, CA 95050

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.