2125 Monroe Street, Santa Clara, California 95050, Santa Clara, 95050 - bed, bath
ACTIVE$1,990,000
2125 Monroe Street, Santa Clara, California 95050
0Bed
0Bath
3,270Sqft
6,715Lot
Year Built
1960
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993342
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.99M(80th), sqft - 3270(80th), beds - undefined(50th), baths - undefined(50th).
Welcome to 2125 Monroe St, located in the desirable area of Santa Clara. This fourplex consists of four two-bedroom, one-bath units, four parking spaces, and an on-site coin laundry facility. All units have double pane windows. Convenient location, Short drive to Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia! Easy access to 101/880/87. This is a great investment with upside potential! Buyers have the option to purchase 2127 Monroe St concurrently with this listing.
Price History
Date
Event
Price
02/07/25
Listing
$1,990,000
Condition Rating
Poor
Built in 1960, this property features kitchens and bathrooms that appear to be largely original or from a very old renovation (30-50+ years ago). The kitchen in Unit 3 has very dated appliances, tile countertops, and old cabinets. The bathroom in Unit 3 exhibits pink tile, a pedestal sink, and outdated fixtures, indicating a significant need for modernization. While some units may have cosmetic updates like newer LVP flooring and fresh paint (as seen in Unit 4), these do not offset the substantial rehabilitation required for the core wet areas to meet current quality and aesthetic standards. The property is functional but requires significant investment in renovations to key areas.
Pros & Cons
Pros
Income-Generating Asset: As a fourplex, the property provides multiple rental income streams, making it a strong and stable investment opportunity.
Prime Santa Clara Location: Situated in a highly desirable area of Santa Clara, offering proximity to major tech employers (Apple, Intel, Nvidia), Santa Clara University, and popular amenities like Santana Row, ensuring high rental demand.
Exceptional Commuter Access: Benefits from easy access to major freeways (101/880/87) and the Lawrence Caltrain Station, appealing to a broad tenant base and enhancing convenience.
Built-in Tenant Conveniences: Features like four dedicated parking spaces and an on-site coin laundry facility add significant value and convenience for tenants, aiding in retention.
Investment Upside Potential: The property is explicitly noted for its 'upside potential,' suggesting opportunities for value appreciation through rent increases, property improvements, or market growth.
Cons
Age of Property: Built in 1960, the property is over 60 years old, which may imply potential for deferred maintenance or the need for significant system upgrades (e.g., plumbing, electrical, HVAC) not explicitly mentioned.
Limited Unit Modernization Details: While double-pane windows are noted, the description lacks specifics on interior renovations or modern amenities within the units, suggesting potential for dated finishes that could require capital expenditure to maximize rental income.
Single Bathroom per Unit: Each of the four units features only one bathroom, which might be a minor drawback for some prospective tenants, particularly those with families or multiple occupants.