Individually Owned Property summary
This exceptional 10-unit apartment building presents a compelling investment opportunity in the thriving Santa Clara, California market. Located at 3499 Agate Drive, this two-story complex, built in 1961, boasts 7,167 square feet of net rentable space situated on a 0.28-acre lot. The property comprises eight one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units, each featuring an assigned carport and ample storage. Significant capital improvements have been undertaken since 2020, including a complete remodel of eight units and a comprehensive building repiping. Its prime location offers easy access to major Silicon Valley employers like Apple, Applied Materials, and NVIDIA, contributing to strong appreciation potential. Conveniently located near the San Tomas Expressway, Central Expressway, and Lawrence Expressway, the property also enjoys walkability to the Lawrence Train station, grocery stores, and numerous restaurants. This well-maintained property offers a blend of established income and future growth potential in a highly sought-after location. The asking price is $3,850,000.
Property profile
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Owner & transaction history
Zoning & alternative use
3. Low-Density Residential Zone (R2). The purpose of the R2 Low Density Zone is to provide land areas for the construction, use, and occupancy of single-family detached dwelling units, , secondary dwellings authorized by…
Comparables
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R2 · Santa Clara, CA3. Low-Density Residential Zone (R2). The purpose of the R2 Low Density Zone is to provide land areas for the construction, use, and occupancy of single-family detached dwelling units, , secondary dwellings authorized by…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Low-Density Residential Zone (R2). The purpose of the R2 Low Density Zone is to provide land areas for the construction, use, and occupancy of single-family detached dwelling units, , secondary dwellings authorized by…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Santa Clara, CA.
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