Sold

2305-2315 Monroe ST

SANTA CLARA CA, 95050

$4,745,000


$473.79 per sqft

Sold

10,015 sqft

Multi-family

Built in 1962

Listed by Compass, Nate Gustavson, Cameron Foster Listing Contact: 4157869410

2305 & 2315 Monroe is a two-parcel 16-unit apartment complex located in highly desirable Santa Clara, California. Ideally located right near the headquarters of major tech companies such as Intel, ServiceNOW and the brand new NVIDIA Headquarters, this investment property contains two separate parcels; 2305 Monroe (12-units), and 2315 Monroe (4-units) for a combined 16-units and approximately 10,015 sqft of rentable space. Situated on a combined 19,602 sqft lot, the unit mix consists of one (1) three-bedroom/two-bath unit, one (1) two-bedroom/two-bath unit, one (1) two-bedroom/1.5-bath unit, four (4) two-bedroom/one-bath units, and nine (9) one-bedroom/one-bath units. Tenant amenities on site include a pool and two private laundry rooms with coin-operated washer/dryers for additional income. The property has ample off-street designated parking with twelve (12) covered carport stalls with personal storage, three (3) enclosed garages, and four (4) additional uncovered parking spaces on-site. -- There is massive upside in the rents, new exterior paint, and a new roof on the larger structure installed in 2020. -- Because this property is a fourplex and a twelve-unit, no on-site manager is required.

ML81968315

MLS ID

June 4, 2024

Listed

October 23, 2024

Updated

Map

2305-2315 Monroe ST
SANTA CLARA CA, 95050

Interior Features

Interior Features

Laminate, Tile


Floor Description

Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

No

Exterior/Building Features

Lot Size

0.45 Acres


Roof

Composition, Shingle


Sewer

Public Sewer

School Information

School District

Santa Clara Unified


High School

Adrian Wilcox High


Elementary School

Bowers Elementary

Other Property Details

Area Name

Santa Clara


Garage

Yes


Garage Spaces

3


Parking Total

4


View

No


County

Santa Clara


Water Source

Public


Pool

Yes


Pool Features

In Ground


Zoning

R325D

Listing History

Date

Event

Price

7/31/2024

Sold

$4,745,000

6/28/2024

Pending

6/17/2024

Under contract

Listed by Compass, Nate Gustavson, Cameron Foster
Listing Contact: 4157869410 

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Data last updated 5:31 PM UTC, 10/23/2024

 

 

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