155 Monroe Street

Santa Clara, CA 95050

$3,184,000
Price
Beds
5,876 Sq. Ft.
$542 / Sq. Ft.
5,876
Sq. Ft.
$542
per Sq. Ft.

Description

155 Monroe St presents an exceptional opportunity to acquire an 8-unit apartment community located in the thriving city of Santa Clara, California. Situated on a parcel of land totaling 9,450 square feet, the subject property was originally constructed in 1960, and features a gross building area of approximately 5,876 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking,...155 Monroe St presents an exceptional opportunity to acquire an 8-unit apartment community located in the thriving city of Santa Clara, California. Situated on a parcel of land totaling 9,450 square feet, the subject property was originally constructed in 1960, and features a gross building area of approximately 5,876 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking, storage lockers and a laundry facility. Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. 155 Monroe St offers tenants convenient access to the rest of the Bay Area with its proximity to the major transportation corridors of U. S Highway 101, California State Route 82, Interstate 880, as well as several transit options provided by Caltrain and Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (3.6mi), Santa Clara University (0.8mi), PayPal Park (2.2mi), and Santana Row (1.5mi).
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 155 Monroe Street

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute
LISTING UPDATED: 05/14/2024 10:35 AM

Property Details for 155 Monroe Street

StatusActive
MLS #ML81965533
Days on Compass18
Taxes$37,584 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.22 AC / 9,450 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute

Building Information for 155 Monroe Street

Stories-Residences-Year Built1960Building Size-Lot Size0.22 AC / 9,450 SF

Payment Calculator

$20,508 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,376

Property Taxes

$3,132

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 155 Monroe Street

Features
Features
  • Fireplace: No
  • Living SqFt: 5876
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 155
  • Street Name: Monroe
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5876
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: R3-25D
Location Information
  • Parcel Number: 269-57-006
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .22
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $37,584
  • Capitalization Rate: 5.14
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,908
  • Expense Landscape: $1,440
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $5,835
  • Expenses Other: $1,800
  • Expenses Utility: $11,184
  • Expenses Total: $65,751
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 13.46
  • Income Annual Gross: $229,484
  • Income Annual Rental: $225,298
  • Income Gross Scheduled: $236,581
  • Income Other: $11,283
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 155 Monroe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 155 Monroe Street

Taxable ValueLand$1,003,849Additions$1,364,264Total$2,368,113
Tax Record2023$28,017 ($2,335 / month)
Home Facts
Baths2.5Total Finished SqFt5,876 SqFtAbove Grade Finished SqFt5,876 SqFtStories2Lot Size9,450 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR325CountySANTA CLARAAPN269-57-006Fireplace TypeHas Fireplace

Schools near 155 Monroe Street

This home is within Santa Clara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Westwood Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Washington Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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155 Monroe Street is a multi-family home for sale in Santa Clara, CA 95050. This property was listed for sale on May 14, 2024 by Marcus & Millichap, it's currently listed at $3,184,000. It has been on the market for a total of 18 days and was last sold on February 2, 2015. This listing's school district is Santa Clara Unified School District. Nearby schools include Westwood Elementary School, Buchser Middle School and Santa Clara High School. 155 Monroe Street is a 0-bed, 0-bath, 5,876 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.