2127 Monroe Street, Santa Clara, California 95050, Santa Clara, 95050 - bed, bath
ACTIVE$1,990,000
2127 Monroe Street, Santa Clara, California 95050
0Bed
0Bath
3,270Sqft
6,395Lot
Year Built
1960
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993343
Home ConditionGood
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 2127 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 laundry facility. All units have been renovated including kitchens, bathrooms, double pane windows, and new exterior paint. 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 2125 Monroe St concurrently with this listing.
Price History
Date
Event
Price
02/07/25
Listing
$1,990,000
Condition Rating
Good
Built in 1960, the property has undergone significant renovations as stated in the description, including kitchens, bathrooms, double-pane windows, and exterior paint. Unit #1 showcases a very modern and recently updated kitchen with white shaker cabinets, quartz countertops, subway tile backsplash, and new LVP flooring throughout, along with recessed lighting. However, images of Unit #3 reveal an older style kitchen/dining area with dated floor tiles and an older ceiling fan, suggesting that the renovation quality or age may vary significantly between units, or that 'renovated' for some units implies a less extensive update. While some units appear excellent, the inconsistency prevents an overall 'Excellent' rating. The property is generally move-in ready with well-maintained systems and recent cosmetic updates in most areas, aligning with a 'Good' condition score.
Pros & Cons
Pros
Extensive Renovations: All four units have undergone recent renovations, including kitchens, bathrooms, double-pane windows, and new exterior paint, significantly reducing immediate capital expenditure for a new owner and enhancing tenant appeal.
Prime Location & Accessibility: Situated in a desirable Santa Clara area, the property offers excellent proximity to major tech employers (Apple, Intel, Nvidia), Santa Clara University, Santana Row, Lawrence Caltrain Station, and easy access to major freeways (101/880/87), ensuring strong tenant demand and potential for rent growth.
Income-Generating Asset: As a fourplex, the property provides multiple income streams, diversifying investment risk and offering significant cash flow potential in a high-demand rental market.
On-Site Amenities: The property includes four dedicated parking spaces and an on-site laundry facility, which are highly desirable features for tenants, contributing to higher occupancy rates and potential for additional income.
Investment Upside & Expansion Potential: Explicitly marketed as a 'great investment with upside potential,' the option to purchase 2125 Monroe St concurrently suggests a larger portfolio opportunity, allowing for economies of scale and increased overall investment value.
Cons
Age of Building Infrastructure: Built in 1960, while units are renovated, the underlying building infrastructure (e.g., plumbing, electrical systems, roof structure) may be original and could require significant capital expenditures in the future beyond cosmetic updates.
Limited Parking Ratio: With only four parking spaces for four units, there is no surplus parking for guests or additional tenant vehicles, which could be a minor inconvenience in a dense urban area and potentially impact tenant satisfaction.
Standard Unit Configuration: All units are configured as 2-bedroom, 1-bathroom. This single-bathroom layout might be less appealing to some tenant demographics or larger households, potentially limiting the rent ceiling or tenant pool compared to units with more bathrooms.