$1,430,000
$1,570,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
1704 Monroe ST Santa Clara, CA 95050
2,920 SqFt
Key Details
Sold Price $1,430,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,920 sqft
Price per Sqft $489
MLS Listing ID ML81965474
Sold Date 10/17/24
HOA Y/N No
Year Built 1920
Annual Tax Amount $19,453
Lot Size 5,998 Sqft
Acres 0.1377
Property Description
Wonderful Santa Clara triplex situated on an oversized 6,000 SqFt lot one block from City Hall and one mile from Santa Clara University. Unit Mix: One 4-bedroom/1-bathroom flat (approx. 1230 SqFt), (1) 2-bedroom/1-bathroom (approx. 722 SqFt), and (1) 1-bedroom/1-bathroom (approx. 552 SqFt). The property has been maintained by the current owner for nearly nineteen years. Opportunity to reposition the property by upgrading the exterior facade and unit kitchens, bathrooms, and flooring, and adding in-unit laundry and recessed lighting to meet the preferences of high-paying technology employees. Additionally, the property has the potential to add an ADU unit by converting part of the large parking area into a residential unit. The property is located in close proximity to major technology companies including Intel, Nvidia, Apple, and Applied Materials. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 1704 Monroe Street a great opportunity for both the cash flow and appreciation minded investor.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R16L
Interior
Flooring Carpet
Fireplace No
Appliance Refrigerator
Exterior
Garage Off Street, Uncovered
View Y/N No
Roof Type Composition
Accessibility None
Parking Type Off Street, Uncovered
Total Parking Spaces 5
Building
Story 2
Water Public
Schools
Elementary Schools Other
Middle Schools Buchser
High Schools Santa Clara
School District Other
Others
Tax ID 22425051
Financing Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Dina Uy • Genesis Homes & Associates