1793 Lafayette St Santa Clara, CA 95050-3988

This exceptional Santa Clara property presents a unique redevelopment opportunity in the heart of Silicon Valley. Situated on a substantial 29,185 square foot lot at 1793 Lafayette Street (APN 224-29-021), this mixed-use asset combines a 22,551 square foot, two-story Class B building with significant development potential. Currently configured as a 12-unit multifamily and office space, the property offers an immediate income stream with a 4.70% cap rate and an asking price of $6,500,000. The existing building, constructed in 1922 and renovated in 2014, features a new roof and a 36kW photovoltaic solar system, resulting in low energy costs. The General Plan designates the lot for Medium Density Residential use, allowing for 20-36 dwelling units per acre. An owner-user could occupy approximately 15,000 square feet, potentially the entire second floor. Its convenient location, less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, provides easy access to amenities and major transportation routes. Prospective buyers are responsible for verifying current zoning, building requirements, and restrictions with the City of Santa Clara building department. This property is ideal for investors seeking a blend of immediate return and long-term growth potential in a thriving Silicon Valley market.