165 Monroe St, Santa Clara, CA 95050 — Sale in Santa Clara, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Santa Clara, CA 95050
Photos
Investment Figures
- Cap rate
- 5.18%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
165 Monroe St is a stunning 17-unit multifamily investment opportunity located in the thriving city of Santa Clara, California. Situated on a 21,060 square foot parcel of land, the subject property was originally constructed in 1960 and features a gross building area of approximately 12,775 square feet, offering beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants benefit from convenient community amenities such as an on-site laundry facility, sparkling community pool and private tuck-under parking stalls. 165 Monroe Street features extensively upgraded interiors, with select units offering stainless steel appliances, dishwashers, kitchen islands, hardwood flooring, quartz countertops, modern cabinetry, recessed lighting, and energy-efficient mini-split air conditioning systems. 165 Monroe is strategically located within walking distance to the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on U.S. News & World Report Rankings. The community also benefits from its proximity to some of the largest South Bay employers such as Google, Apple, LinkedIn, Microsoft, Cisco, Deloitte, and Yahoo. The subject property also boasts convenient access to Westfield Valley Fair (1.3 miles) and Santana Row, both home to a myriad of shopping, dining and entertainment options. The investment appeal of this asset is driven by Santa Clara's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 165 Monroe St presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options. Investment Highlights: • Premier Multifamily Investment Near Santa Clara University - Investors have the opportunity to acquire a stunning multifamily investment walking distance from Santa Clara University. • Prime Santa Clara Location - Tenants benefit from
Market Context
This multifamily in Santa Clara, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Santa Clara, CA — view the full market.
Contact
- Rob Johnston · (650) 391-1744 · robert.johnston@marcusmillichap.com
- Adam Levin · (650) 391-1782 · adam.levin@marcusmillichap.com
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