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
August 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 7:08 PM UTC, 8/23/2024