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920 Clyde Avenue, Santa Clara, California 95054, Santa Clara, 95054 - bed, bath

920 Clyde Avenue, Santa Clara, California 95054 home-pic-0
ACTIVE$2,300,000
920 Clyde Avenue, Santa Clara, California 95054
0Bed
0Bath
4,371Sqft
10,710Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Silicon Valley Location: Strategically located in the heart of Silicon Valley, minutes from major employment hubs, transportation, and national retailers, ensuring high tenant demand.
Top Cons:
Property Age: Built in 1963, the property's age, despite recent upgrades, may lead to higher long-term maintenance costs for original systems or components not yet replaced.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this triplex has undergone significant upgrades, including central AC/heating, upgraded windows, and 'modern flooring throughout' in the owner's unit. The bathroom image shows a recently updated vanity, modern tile flooring, and contemporary lighting, indicating a renovation within the last 5-15 years. While the kitchen, with its dated wood cabinets and laminate countertops, appears functional and clean but not 'modern' (except for the newer stainless steel refrigerator), the overall property benefits from substantial improvements to major systems and key interior spaces, making it move-in ready with no immediate renovation required.
Year Built
1963
Close
-
List price
$2.3M
Original List price
$2.5M
Price/Sqft
$526
HOA
-
Days on market
-
Sold On
-
MLS number
ML81994390
Home ConditionGood
Features
View-

About this home

OWNER USERS!!!!!!! Welcome to this stunning 4,371 sq ft triplex/apartment home located in the vibrant city of Santa Clara. The owner's unit features modern flooring throughout, adding a touch of sophistication to every room. For your convenience, there is an onsite laundry area. The apartment homes are located within the Santa Clara Unified School District. Don't miss the opportunity to own this beautiful property in a prime location! 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 . 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.

Condition Rating
Good
Built in 1963, this triplex has undergone significant upgrades, including central AC/heating, upgraded windows, and 'modern flooring throughout' in the owner's unit. The bathroom image shows a recently updated vanity, modern tile flooring, and contemporary lighting, indicating a renovation within the last 5-15 years. While the kitchen, with its dated wood cabinets and laminate countertops, appears functional and clean but not 'modern' (except for the newer stainless steel refrigerator), the overall property benefits from substantial improvements to major systems and key interior spaces, making it move-in ready with no immediate renovation required.
Pros & Cons

Pros

Prime Silicon Valley Location: Strategically located in the heart of Silicon Valley, minutes from major employment hubs, transportation, and national retailers, ensuring high tenant demand.
Income-Generating Triplex: A substantial 4,371 sq ft multi-unit property (triplex) offering diversified rental income streams, ideal for investors or owner-users.
Extensive Modern Upgrades: Features upgraded interiors, modern flooring, central AC/heating, and new windows, significantly reducing immediate capital expenditure for a new owner.
Favorable Landlord Environment: Benefits from Santa Clara's lack of local rent control (governed by AB 1482 allowing 5%+CPI increases), RUBS recapture, and high demand due to limited new supply.
Strong Curb Appeal & Amenities: Mature landscaping, excellent curb appeal, onsite laundry, and location within the desirable Santa Clara Unified School District enhance tenant attraction and property value.

Cons

Property Age: Built in 1963, the property's age, despite recent upgrades, may lead to higher long-term maintenance costs for original systems or components not yet replaced.
Recent Price Reduction: The property has undergone a price reduction from $2.5M to $2.3M, potentially indicating initial overpricing or a slower-than-expected market response.
Statewide Rent Control (AB 1482): While Santa Clara lacks local rent control, AB 1482 limits annual rent increases to 5% plus CPI, capping potential revenue growth compared to an entirely unregulated market.

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