Price Reduced Listing
1555 Washington Street,Santa Clara, CA 95050
Santa Clara, CA 95050
Description
$250K PRICE ADJUSTMENT! Strong in-place cap rate of over 6%! 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.
Details
| MLS # | ML82008801 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 52 |
| Listing Provided By | Marcus & Millichap | Jimmy Castellanos |
Features
| SQ Feet | 2,585 |
|---|---|
| Building(s) | 2 |
| Zoning | CT |
| Acreage | 0.18 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|
Taxes
| Property | 23950 |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Santa Clara |
| Zip Code | 95050 |
| Area | 699 Not Defined |
| School District | Other |
| Elementary School | Other |
| Middle School | Buchser |
| High School | Santa Clara |
 | $1,988,8881590 Fremont StreetSanta Clara, CA 95050 |