2868 Homestead Rd

Santa Clara, CA 95051

$6,000,000
Last Sold Price
—
Beds
—
Baths
16,196 Sq. Ft.
$370 / Sq. Ft.
16,196
Sq. Ft.
$370
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 8/1/25
Sold 8/1/25
an aerial view of a house with a yard and garden

Description

Marcus & Millichap is pleased to present 2868 Homestead Road, a rare and desirable 15 unit townhome style apartment community offering investors a premium opportunity in one of Silicon Valleys most sought after submarkets. The property features thirteen 2 bedroom, 2.5 bathroom townhomes, one spacious 3 bedroom, 2.5 bathroom townhome, and one efficiency studio unit, providing a diverse and highly rentable configuration. Each unit includes central air conditioning and forced air heating, adding meaningful...Marcus & Millichap is pleased to present 2868 Homestead Road, a rare and desirable 15 unit townhome style apartment community offering investors a premium opportunity in one of Silicon Valleys most sought after submarkets. The property features thirteen 2 bedroom, 2.5 bathroom townhomes, one spacious 3 bedroom, 2.5 bathroom townhome, and one efficiency studio unit, providing a diverse and highly rentable configuration. Each unit includes central air conditioning and forced air heating, adding meaningful comfort and long term value. The townhome style layout serves as a major differentiator, offering multilevel living, private entrances, and increased space, which supports stronger rental income compared to traditional apartment units and appeals to a growing tenant base seeking more privacy and a higher quality living experience.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040
  2. Listed by AJ Decristoforo • DRE #02162593 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2868 Homestead Road

MLS City Name
SANTA CLARA
Building Type
Other
Complex Name
Homestead GardenTownhomes
Garage Spaces
14
Parking Spaces
6
Cross Street
Woodham Road
LISTING UPDATED: 08/03/2025 09:18 AM

Property Details for 2868 Homestead Road

StatusSold
MLS #ML82011327
Days on Compass3
Taxes$69,426 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1965
Lot Size0.70 AC / 30,452 SF
CountySanta Clara County
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Location

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593

Sold By Marcus & Millichap, AJ Decristoforo, DRE #02162593

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Building Information for 2868 Homestead Road

Stories-Residences-Year Built1965Building Size-Lot Size0.70 AC / 30,452 SF

Payment Calculator

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$35,999 per month

30 year fixed, 6.46% Interest

Principal and Interest

$30,213

Property Taxes

$5,786

HOA Dues

$0

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Property Information for 2868 Homestead Road

Features
Features
  • Fireplace: No
  • Living SqFt: 16196
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Detached Garage, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 15
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2868
  • Street Name: Homestead
  • Street Suffix: Road
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 16196
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R1E3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 293-25-034
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95051
  • Elementary School: 402
  • Elementary School District: 483
  • Middle School Text: Buchser Middle
  • High School District Text: Santa Clara Unified
  • High School Text: Santa Clara High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .70
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 15
General Information
  • Annual Tax Amount: $69,426
  • Capitalization Rate: 5.21
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $18,000
  • Expense Landscape: $6,000
  • Expense Maintenance: $7,500
  • Expense Management: $24,161
  • Expense Trash: $8,199
  • Expenses Other: $12,313
  • Expenses Utility: $24,510
  • Expenses Total: $170,109
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Telephone, Utilities - Electric, Utilities - Water, Other
  • Gross Rent Multiplier: 12.05
  • Income Annual Gross: $483,002
  • Income Annual Rental: $490,740
  • Income Gross Scheduled: $497,940
  • Income Other: $7,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,550
Unit 2 Information
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $3,245
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Rent: $1,400

Property History for 2868 Homestead Road

DateEvent & SourcePriceAppreciation
Aug 1, 2025

Sold

EBRD #ML82011327

$6,000,000—
Aug 1, 2025

Sold

MLSListings #ML82011327

$6,000,000—
Jul 9, 2025

Sold (Public Record)

Public Record #1907100181

$6,000,000—
Jun 20, 2025

Pending

MLSListings #ML82011327

—
Jun 20, 2025

Pending

EBRD #ML82011327

—
Jun 17, 2025

Listed (Active)

MLSListings #ML82011327

$6,000,000—
Jun 17, 2025

Listed (Active)

EBRD #ML82011327

$6,000,000—
DateEvent & SourcePrice
08/01/2025

Sold

EBRD #ML82011327

$6,000,000
08/01/2025

Sold

MLSListings #ML82011327

$6,000,000
07/09/2025

Sold (Public Record)

Public Record #1907100181

$6,000,000
06/20/2025

Pending

MLSListings #ML82011327

—
06/20/2025

Pending

EBRD #ML82011327

—
06/17/2025

Listed (Active)

MLSListings #ML82011327

$6,000,000
06/17/2025

Listed (Active)

EBRD #ML82011327

$6,000,000

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

Public Records for 2868 Homestead Road

Taxable ValueLand$4,754,211Additions$1,931,398Total$6,685,609
Tax Record2025$79,576 ($6,631 / month)
Home Facts
Total Finished SqFt16,196 SqFtAbove Grade Finished SqFt16,196 SqFtStories2Lot Size30,452 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningR1E3CountySANTA CLARAAPN293-25-034Fireplace TypeHas Fireplace

Schools near 2868 Homestead Road

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

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Millikin 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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152; Marcus & Millichap, AJ Decristoforo, DRE #02162593

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.