1793 Lafayette ST, Santa Clara, CA 95050

List Price
$5,600,000
Price Change
▼ $300,000 1749186902
MLS#
ML81995430
Status
ACTIVE
Property Type
res
Sqft. of Residence
22,659
Lot Size
29,185
Listing Area
Santa Clara
Year Built
1936

Property Description

New Price Improvement | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space or convert the 22,551 SqFt building into residential: Live/Work, Apartments, Co-Living, or Condos - 27 units or more | $240,740 per unit. With the average rent in Santa Clara at $3,062, once converted, the property can be expected to gross $1,000,000 in rents. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use.

Additional Information

Acres
0.67
Age
89
Cooling System
Central AC
Family Room
Other
Foundation
Other
Garage Parking
Common Parking Area, Guest / Visitor Parking
Heating System
Other
Living Area
22,659
Lot Size
29,185
Neighborhood
Santa Clara
Other Utilities
Public Utilities, Solar Panels - Owned
Roof
Other
Sewer
Sewer - Public
Unincorporated Yn
Yes
Zoning
Medium Density Residential

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Stephen Thaddeus Wawryk from KW Bay Area Estates. 415-347-1658

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