3499 Agate Dr., Santa Clara, CA 95051 - ML81971381 - iPro Real Estate

3499 Agate Dr.
Santa Clara, CA 95051

Withdrawn, Multi-Family/Income Sale

For Sale

$3,500,000 $488.35 per sqft

Free Professional CMA

Listing ID : ML81971381

  • Structure / Lot Size

    7,167 Sqft / 0.2800 Acre
  • Year

    1961

Description

3499 Agate Drive is a premium 10-unit apartment complex in the highly desirable and rapidly growing city of Santa Clara. Constructed in 1961, this investment offers (8) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units, all of which have an assigned carport with ample storage space. Capital improvements include a remodel of 8 of the 10 units furnished with new appliances since 2020, roof was replaced in 2019, in addition to re-piping the whole building in 2022. This property spans approximately 7,176 gross rentable square feet and is set on an 12,197-square-foot lot. The property is close to top Silicon Valley tech employers, including Apple, Applied Materials, NVIDIA and more, which further enhances its appreciation potential. Finally, it features easy access to San Tomas Expressway, Central Expressway, Lawrence Expressway and is walking distance to the Lawrence Train station, grocery stores and many restaurants.

Details

Type: Multi-Family/Income Sale 
Subdivision: Santa Clara 
County: Santa Clara 
Security Features: None 
Tax ID: 216-26-027
Annual Taxes: $43,750
School District: Santa Clara Unified
Building Size: 7,167 SqFt 
Cap Rate: 3.93% 
Gross Rent Multiplier: 14.92 
Access Features: Parking 
AltCal ID: ML81971381 
Foundation: Concrete Slab 
Number of Buildings: 1 
Property Type: Commercial Sale 
Restrictions: None 
Roof: Flat / Low Pitch, Tar and Gravel 
Sewer: Sewer - Public 
Sub Type: Five or More Units 
Utilities: Other  
Water: Public 

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37.370037 -121.993164 $3,500,000 ML81971381
3499 Agate Dr., Santa Clara, CA 95051
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Listed by AJ Scott with Intero Real Estate Services

Based on information from the MLSListings MLS) as of 9/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 9/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes