This is a one-of-a-kind excellent student rental property. Directly across the street for the University of Santa Clara. This property has never been vacant since it has been converted to a student rental. Current gross rents are $26,000 per month with increases scheduled for next year. New leases have been signed for units 2 and 3 for the next school year. New rents for these units are now $7,950 per month beginning July 1, 2025. The 2-bedroom units will also be rented for next school year shortly at a significantly higher rent. All kitchens are updated and nice. LVP flooring throughout. Low maintenance landscaping. If you are looking for a fantastic money producing rental investment, then this is the property for you.
Mls | ML81980464 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Pending |
Year | 1960 |
Days On Site | 88 |
Listing Provided By | KW Bay Area Estates (408) 560-9000 | Myron Von Raesfeld |
Sq Feet | 3,640 |
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Storys | 2 |
Buildings | 1 |
Zoning | CT |
Acreage | 0.15 |
State | CA |
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County | Santa Clara |
City | Santa Clara |
Zip Code | 95050 |
Area | 699 Not Defined |
Listing VS Median (in 95050) | |
Price: $4,750,000 low | high Med: $1,402,500 SqFt: 3,640 low | high Med: 1,519 $ / SqFt: $1,305 low | high Med: $938 On Site: 88 low | high Med: 82.500000 |