1565 Main Street

Santa Clara, CA 95050

$3,825,000
Last Sold Price
Beds
5,891 Sq. Ft.
$649 / Sq. Ft.
5,891
Sq. Ft.
$649
per Sq. Ft.

Description

This apartment portfolio offers 10 units as a two-story building totaling 5,891 SF. This asset has an outstanding geographic location near Santa Clara University, and San Jose International airport in a suburban area. It is on a .62 acre lot with 5 covered & 5 uncovered parking spaces. Featuring eight 1 bedroom, 1 bathroom units and two 2 bedroom 2 bathroom units, an on site laundry facility, and high speed internet. This complex is 100% fully occupied. This is a great investment opportunity for...This apartment portfolio offers 10 units as a two-story building totaling 5,891 SF. This asset has an outstanding geographic location near Santa Clara University, and San Jose International airport in a suburban area. It is on a .62 acre lot with 5 covered & 5 uncovered parking spaces. Featuring eight 1 bedroom, 1 bathroom units and two 2 bedroom 2 bathroom units, an on site laundry facility, and high speed internet. This complex is 100% fully occupied. This is a great investment opportunity for a new owner, eager to get into a growing market. The property is in great condition because of extensive care by the current owners. Again, the asset is fully occupied, in high demand and will continue to be sought after in this growing market.
  1. Listed by Chris Alston • DRE #01338415 • Brokerage DRE #01327739 • Keller Williams Realty-Silicon Valley • 408-762-4804
  2. Listed by Hannah Isaka • DRE #02024390 • Brokerage DRE #01327739 • Keller Williams Realty-Silicon Valley

Property Details for 1565 Main Street

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
0
Parking Spaces
5
Cross Street
Civic Center Dr

Location

Listing Courtesy of Keller Williams Realty-Silicon Valley, Chris Alston, DRE #01338415; Keller Williams Realty-Silicon Valley, Hannah Isaka, DRE #02024390

Sold By SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Add your commute
LISTING UPDATED: 02/10/2022 08:37 AM

Property Details for 1565 Main Street

StatusSold
MLS #ML81854064
Days on Compass1
Taxes$46,783 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.26 AC / 11,249 SF
CountySanta Clara County

Location

Listing Courtesy of Keller Williams Realty-Silicon Valley, Chris Alston, DRE #01338415; Keller Williams Realty-Silicon Valley, Hannah Isaka, DRE #02024390

Sold By SiliconValley MultiFamilyGroup, Michael Shields, DRE #01327546

Add your commute

Building Information for 1565 Main Street

Stories-Residences-Year Built1957Building Size-Lot Size0.26 AC / 11,249 SF

Payment Calculator

$24,773 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,875

Property Taxes

$3,899

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1565 Main Street

Features
Room Information
  • Kitchen: Countertop - Other, Countertop - Tile, Exhaust Fan, Oven Range - Gas, Refrigerator
Features
  • Communications: Other
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 5891
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • 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: 5
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Santa Clara
  • Restrictions: Other
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1565
  • Street Name: Main
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5891
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R336
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 224-28-040
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School: 401
  • 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: Other
  • Lot Acres: .26
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 10
General Information
  • Annual Tax Amount: $46,783
  • Capitalization Rate: 2.89
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,265
  • Expense Landscape: $990
  • Expense Maintenance: $3,541
  • Expense Management: $10,980
  • Expense Trash: $4,264
  • Expenses Other: $16,884
  • Expenses Utility: $8,931
  • Expenses Total: $94,638
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric
  • Gross Rent Multiplier: 18.65
  • Income Annual Gross: $213,284
  • Income Annual Rental: $218,580
  • Income Gross Scheduled: $219,880
  • Income Other: $1,300
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,695
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,995
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1565 Main 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 1565 Main Street

Taxable ValueLand$3,009,000Additions$892,500Total$3,901,500
Tax Record2023$46,016 ($3,835 / month)
Home Facts
Total Finished SqFt5,891 SqFtAbove Grade Finished SqFt5,891 SqFtStories2Lot Size11,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningR336CountySANTA CLARAAPN224-28-040Fireplace TypeHas Fireplace

Schools near 1565 Main 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 - 6 to 12
Rating
School
Distance
Scott Lane Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Wilson Alternative School
Public6 to 12

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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Similar Sold Homes

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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 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 Keller Williams Realty-Silicon Valley, Chris Alston, DRE #01338415; Keller Williams Realty-Silicon Valley, Hannah Isaka, DRE #02024390

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.