Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1953
Sq.Footage
N/A
$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 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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Wall Furnace
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1845
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,050,000
-
Tax Amount
23950.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Other
-
Middle School
Buchser
-
High School
Santa Clara
Property Features
-
Water Source
Public
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Location
County
Santa Clara
Elementary School
Other
Middle School
Buchser
High School
Santa Clara
Listing Courtesy of Jimmy Castellanos , Marcus & Millichap
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