930 Clyde Avenue

Santa Clara, CA 95054

$2,900,000
Price
Beds
5,060 Sq. Ft.
$573 / Sq. Ft.
5,060
Sq. Ft.
$573
per Sq. Ft.

Description

Rare opportunity to purchase a Santa Clara 4 plex with Large Townhouse style units- Average unit size is 1265 square feet- Unit mix is Two (2) Three Bedroom/Two Bath Townhouses and Two ( 2) Four Bedroom/Two Bath units. The price per square foot is $573 which is significantly below the price per square of recent comparables sales- $692. The price per unit is 25% below current replacement cost. The property has upgraded interiors , central AC and forced air heating. The windows have been upgraded....Rare opportunity to purchase a Santa Clara 4 plex with Large Townhouse style units- Average unit size is 1265 square feet- Unit mix is Two (2) Three Bedroom/Two Bath Townhouses and Two ( 2) Four Bedroom/Two Bath units. The price per square foot is $573 which is significantly below the price per square of recent comparables sales- $692. The price per unit is 25% below current replacement cost. The property has upgraded interiors , central AC and forced air heating. The windows have been upgraded. The property benefits from mature landscaping and has excellent curb appeal. The property is located in the center of Silicon Valley - Major employments hubs, transportation and national retailers are all minutes away. The CIty of Santa Clara does not have rent control but the property is governed by AB 1482- Under 1482, a new owner would be allowed to raise rents 5% plus CPI per year. The City of Santa Clara has their own utility company - Historically, the utility expenses have been lower than neighboring cities. The City of Santa Clara allows a landlord to recapture RUBS. The pipeline for new market rate MF housing is almost zero due to high construction costs. The demand for apartments is increasing - The apartment rental market is getting ready to surge . Buy now!
  1. Listed by Michael Henshaw • DRE #01134592 • Brokerage DRE #01240999 • Marcus & Millichap • 650-269-6453

Property Details for 930 Clyde Avenue

MLS City Name
SANTA CLARA
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592
Add your commute
LISTING UPDATED: 04/22/2024 03:20 AM

Property Details for 930 Clyde Avenue

StatusActive
MLS #ML81960387
Days on Compass24
Taxes$33,901 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1963
Lot Size0.18 AC / 7,841 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592
Add your commute

Building Information for 930 Clyde Avenue

Stories2Residences4Year Built1963Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$18,652 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$2,825

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 930 Clyde Avenue

Features
Room Information
  • Kitchen: Cooktop - Electric, Countertop - Other, Exhaust Fan, Garbage Disposal, Oven - Electric, Refrigerator, Other
Features
  • Amenities: Walk-in Closet, Other
  • Communications: Cable TV, Satellite Dish, Other
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum, Other
  • Laundry: Coin Operated
  • Living SqFt: 5060
  • Pool: No
  • Security Features: Other
  • Special Features: Parking, Other
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas, Separate Other
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking, On Street, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Santa Clara
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 930
  • Street Name: Clyde
  • Street Suffix: Avenue
  • Area ID: 8
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 5060
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Construction Type: Wood Frame, Other
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 101-20-025
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95054
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Concrete Perimeter, Other
  • Horse Property: No
  • Lot Acres: .18
  • 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: 4
General Information
  • Annual Tax Amount: $33,901
  • Building Unit Total: 4
  • Capitalization Rate: 3.04
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Other
  • Income Includes: Coin Operated Equip, Laundry, Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,500
  • Expense Landscape: $600
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $2,000
  • Expenses Other: $250
  • Expenses Utility: $4,280
  • Expenses Total: $46,531
  • Operating Expenses Include: Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Supplies, Utilities, Utilities - Electric, Utilities - Gas, Vacancy Factor, Other
  • Gross Rent Multiplier: 20.87
  • Income Annual Gross: $134,791
  • Income Annual Rental: $134,160
  • Income Gross Scheduled: $138,960
  • Income Other: $4,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,200
Unit 2 Information
  • Unit 2 Approx Square Footage: 1265
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $2,965
Unit 3 Information
  • Unit 3 Approx Square Footage: 1265
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 4
  • Unit 3 Rent: $2,965
Unit 4 Information
  • Unit 4 Approx Square Footage: 1265
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 4
  • Unit 4 Rent: $2,050
Unit Type 1
  • Unit Type1 Approx SqFt: 1265

Property History for 930 Clyde Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 930 Clyde Avenue

Taxable ValueLand$28,172Additions$87,684Total$115,856
Tax Record2023$1,519 ($127 / month)
Home Facts
Total Finished SqFt5,060 SqFtAbove Grade Finished SqFt5,060 SqFtStories2Lot Size7,920 SqFtStyleQuadraplexYear Built1963ZoningR3CountySANTA CLARAAPN101-20-025Fireplace TypeHas Fireplace

Schools near 930 Clyde Avenue

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 - 9 to 12
Rating
School
Distance
Montague Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Dolores Huerta Middle
Public9 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.

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930 Clyde Avenue is a multi-family home for sale in Santa Clara, CA 95054. This property was listed for sale on April 5, 2024 by Marcus & Millichap, it's currently listed at $2,900,000. This listing's school district is Santa Clara Unified School District. Nearby schools include Montague Elementary School, Buchser Middle School and Santa Clara High School. 930 Clyde Avenue is a 0-bed, 0-bath, 5,060 sqft multi-family home built in 1963.

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, Michael Henshaw, DRE #01134592

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.