$250K PRICE ADJUSTMENT! Strong in-place cap rate of over 6%! Washers and Dryers in every unit! Marcus & Millichap is pleased to present 1555 Washington Street, a well-maintained six-unit single-story multifamily property in Santa Clara, California. Five of the units were constructed in 1953, complemented by a recently built 600-square-foot… Read More ADU added in 2023. Each unit offers a one-bedroom, one-bathroom floor plan, with a total estimated rentable area of approximately 2,690 square feet (buyer to verify). The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.39%. Notably, all electrical systems were fully upgraded in 2023, ensuring the property meets modern safety and efficiency standards. Located just minutes from Santa Clara University, NVIDIA, San Jose International Airport, and other major employment hubs, the property offers convenient access to El Camino Real, providing seamless connectivity throughout Santa Clara and neighboring San Mateo County. Read Less
Courtesy of Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
49
Last Updated
Property Type
Five Or More Units
Square Ft.
2,585
Lot Size
0.18 Acres
Year Built
1953
MLS Number
ML82008801
30 Days Snapshot Of 95050
$1.76M
+6%
(avg) sold price
20
+66%
homes sold
19
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8037.00, Max Area Units: Square Feet, Lot is 0.1845041322314 acres
Accessibility Features
None
Unit One
Rent: $2,372
Building
2,585 structure square feet, Age: 72, Built in 1953, 2 buildings, Construction type: Wood Frame, 6 minimum units in complex
Cooling
Window / Wall Unit
Foundation
Concrete Perimeter, Concrete Slab
Garage
Assigned Spaces
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 46330
Parking
4 parking spaces
Property
Zoning: CT
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $23,950
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Public Utilities
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