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Listed by Marcus & Millichap
$ 2,388,000
Est. payment | /mo
4,280 SqFt
$ 2,388,000
Est. payment | /mo
4,280 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,280 sqft
Price per Sqft $557
MLS Listing ID ML82054306
HOA Y/N No
Year Built 1962
Lot Size 7,787 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
6-unit off of Saratoga Avenue. Pleased to present 2351 Sutter Ave, a 6-unit apartment community located in the highly desirable City of Santa Clara, one of Silicon Valley's strongest rental markets. Constructed in 1962, the property consists of approximately 4,280 square feet of rentable space situated on a 7,787-square-foot parcel. The unit mix of three one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units appeals to a broad tenant base while providing investors with stable in-place income and long-term growth potential. With minimal new apartment construction, strong office leasing activity in the surrounding area, and a high barrier to entry for single-family homeownership, 2351 Sutter Ave is well positioned to continue benefiting from long-term appreciation and meaningful rental growth.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Fireplace No
Building
Water Public
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