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

930 Clyde Avenue, Santa Clara, California 95054 home-pic-0
ACTIVE$2,500,000
930 Clyde Avenue, Santa Clara, California 95054
0Bed
0Bath
5,060Sqft
7,920Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Value: The property is priced significantly below recent sales ($573/sqft vs. $692/sqft) and 25% below current replacement cost, presenting a strong value proposition and immediate equity potential.
Top Cons:
Property Age: Built in 1963, the property's age, despite interior upgrades, suggests potential for future capital expenditures on major systems like plumbing, electrical, or roofing.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property has undergone some renovations, including upgraded windows, central AC, and forced air heating. However, the interior images, particularly of the kitchen and bathroom, reveal significantly dated styles and features. The kitchen has light wood cabinets, laminate countertops, older white appliances, and fluorescent lighting, while the bathroom features a basic vanity and dated flooring. These elements suggest renovations that are likely 15-30 years old, making them functional but no longer meeting current quality or aesthetic standards. The property appears well-maintained but requires minor updates to modernize the key living spaces.
Year Built
1963
Close
-
List price
$2.5M
Original List price
$2.7M
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
ML81987135
Home ConditionFair
Features
View-

About this home

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 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 . 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 .

Condition Rating
Fair
Built in 1963, this property has undergone some renovations, including upgraded windows, central AC, and forced air heating. However, the interior images, particularly of the kitchen and bathroom, reveal significantly dated styles and features. The kitchen has light wood cabinets, laminate countertops, older white appliances, and fluorescent lighting, while the bathroom features a basic vanity and dated flooring. These elements suggest renovations that are likely 15-30 years old, making them functional but no longer meeting current quality or aesthetic standards. The property appears well-maintained but requires minor updates to modernize the key living spaces.
Pros & Cons

Pros

Investment Value: The property is priced significantly below recent sales ($573/sqft vs. $692/sqft) and 25% below current replacement cost, presenting a strong value proposition and immediate equity potential.
Strategic Location: Located in the heart of Silicon Valley, minutes from major employment hubs, transportation, and national retailers, ensuring high tenant demand and desirability.
Property Condition & Amenities: Features upgraded interiors, central AC, forced air heating, and upgraded windows, providing modern comforts and reducing immediate capital expenditure for a new owner.
Favorable Market Dynamics: Benefits from a surging apartment rental market with near-zero new market-rate multifamily housing supply, indicating strong future rent growth potential.
Landlord-Friendly Regulations: Santa Clara lacks local rent control (governed by AB 1482) and allows landlords to recapture utility costs (RUBS), enhancing profitability and operational flexibility.

Cons

Property Age: Built in 1963, the property's age, despite interior upgrades, suggests potential for future capital expenditures on major systems like plumbing, electrical, or roofing.
Rent Increase Limitations: While not subject to local rent control, AB 1482 limits annual rent increases to 5% plus CPI, which may cap potential revenue growth in a high-demand market.
Undisclosed Exterior/System Condition: The description focuses on interior upgrades but does not detail the condition of the exterior, common areas, or all major building systems, which could imply unforeseen maintenance needs.

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