184 Roxbury St Santa Clara, CA 95050
- Apartment buildings
- 4,484 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 184 Roxbury St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 4,484 SF
- Zone code
- R325
- Property type
- Apartment buildings
- APN
- 269-57-009
- APU
- 26957009
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Clara
- County
- Santa Clara
- State
- California
- Longitude
- -121.943
- Latitude
- 37.3403
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
