155 Monroe St

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Address: 155 Monroe St, Santa Clara, CA 95050, USA
Created date: May 15, 2024
Date last updated: May 15, 2024

-Tremendous Santa Clara Investment Opportunity – Investors have the
opportunity to acquire a well-situated multifamily asset in one of the most
dynamic and desirable locations in the South Bay.
-Desirable Unit Mix – The subject property offers tenants beautifully designed two-bedroom and one-bedroom Foor plans.
-Convenient Community Amenities – Tenants enjoy on-site amenities such as private covered parking, storage lockers, and a laundry facility.
-Prime Santa Clara Location – The subject property is located within close
proximity to Downtown San Jose (3.6mi), Santa Clara University (0.8mi), PayPal Park (2.2mi), and Santana Row (1.5mi), home to a myriad of dining, shopping, and entertainment options.
-Convenient Access to Transportation Corridors – 155 Monroe St offers easy
access to many transportation corridors including U.S. Route 101, California State Route 82, Interstate 880, Interstate 280, the Lawrence Caltrain Station as well as many others.

Property Description

155 Monroe St presents an exceptional opportunity to acquire an 8-unit apartment community located in the thriving city of Santa Clara, California. Situated on a parcel of land totaling 9,450 square feet, the subject property was originally constructed in 1960, and features a gross building area of approximately 5,876 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom oor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking, storage lockers and a laundry facility. Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. 155 Monroe St offers tenants convenient access to the rest of the Bay Area with its proximity to the major transportation corridors of U.S Highway 101, California State Route 82, Interstate 880, as well as several transit options provided by Caltrain and Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (3.6mi), Santa Clara University (0.8mi), PayPal Park (2.2mi), and Santana Row (1.5mi). The investment appeal of this asset is driven by Santa Clara’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 155 Monroe St is an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $3,184,000
No. of Units: 8
Year Built: 1960
Building Size: 5,876 Sq ft
Lot Size: 9,450.00 Sq ft
Opportunity Zone: No
Price per unit: $398,000
Address: 155 Monroe St, Santa Clara, CA 95050, USA

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