Description
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). All units are equipped with in-unit washers and dryers, adding convenience and appeal for tenants. The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.95%. Notably, the main electrical panel was updated in 2023, ensuring the property meets modern safety and efficiency standards.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,585SQFT
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$812$/SQFT
School Ratings & Info
Listed by Jimmy Castellanos of Marcus & Millichap: 408-483-5040.
Description
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). All units are equipped with in-unit washers and dryers, adding convenience and appeal for tenants. The property sits on an 8,037-square-foot lot and currently delivers a strong in-place cap rate of 5.95%. Notably, the main electrical panel was updated in 2023, ensuring the property meets modern safety and efficiency standards.
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