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$ 2,295,000
Est. payment /mo
New
1555 Washington ST Santa Clara, CA 95050
8,036 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82008801
HOA Y/N No
Year Built 1953
Annual Tax Amount $26,785
Lot Size 8,036 Sqft
Property Description
Strong in-place cap rate of 5.39%! 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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CT
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 4
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Buchser
High Schools Santa Clara
School District Other
Others
Tax ID 22428050
Special Listing Condition Standard
Listed by Jimmy Castellanos • Marcus & Millichap