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Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$2,100,000
Est. payment /mo
2 Beds
2 Baths
2,585 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 2,585 sqft
Price per Sqft $812
MLS Listing ID ML82034312
Bedrooms 2
Full Baths 2
Year Built 1953
Lot Size 8,037 Sqft
Property Sub-Type Five or More Units
Property Description
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). All units are equipped with in-unit washers and dryers, adding convenience and appeal for tenants. The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.95%. Notably, the main electrical panel was updated in 2023, ensuring the property meets modern safety and efficiency standards.
Location
State CA
County Santa Clara
Area Santa Clara
Zoning CT
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer / Dryer
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter, Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 224-28-050
Security Features None
Special Listing Condition Not Applicable
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