request_info_guest false
Street View
Map
31 Photos

19 Unit Apartment Complex

$6,200,000

2705 Homestead Road, Santa Clara, CA 95051

Active
Last Updated: 02/25/2026

18,888 sqft

Building Size

0.44 acres

Lot Area

Details:
Building Size:    18,888 sqft
Lot Area:    0.44 acres
Occupancy:    100%
Units:    19
Year Built:    1960
Floors:    2
Highlights:
  • 19 Unit Multi-Family Investment
  • Below Market Rents
  • Very Low Vacancy History
  • Superior Location in the Heart of Silicon Valley
  • Major Shopping Center Directly Across the Street
  • Large Recreational Park 1 Block Away
  • Major High Tech Employment Hub
  • On-Site Laundry Facilities for Additional Income
  • Covered Parking Spaces
  • Current Cap Rate: 4.87%
  • Pro Forma Cap Rate: 5.90%
  • Current GRM: 14.43
  • Pro Forma GRM: 10.80
  • Price per Unit: $326,316
  • Price per Square Foot: $328.251
  • Gross Square Footage: 18,888
  • Lot Size: 0.44 Acres
  • Type of Ownership: Fee Simple
  • Unit Mix:
  • 2 Bedroom/1 Bath - 6 Units
  • 1 Bedroom/1 Bath - 12 Units
  • Studio - 1 Unit
Description:

Introducing a prime investment opportunity in the heart of Santa Clara, CA. This property boasts an 18,888 SF building with 19 units, all 100% occupied. Built in 1960 and zoned R3, this ideal multifamily/low-rise/garden property offers a solid investment in the sought-after Silicon Valley. With its impressive occupancy rate and prime location, this property promises exceptional returns and long-term potential. Don't miss the chance to acquire this lucrative investment in the thriving Santa Clara market.

Discover the prime investment potential of the Silicon Valley. This vibrant area is renowned for its dynamic job market, thanks to being home to the global headquarters of tech giants like Apple, Google, Facebook, Nvidia and countless others. With a strong demand for housing and a bustling economy, the area presents an exciting opportunity for multifamily investors. This property offers convenient access to shopping and dining directly across the street. Escape to nearby Central Park offering 52 acres of recreation including playgrounds, athletic courts/fields, swimming pool, picnic areas and barbeques. Just across from Central Park is the Community Recreational Center. The Central Park Library is just steps away from the property along Homestead Road. Santa Clara University, Santana Row and Westfield Valley Fair Mall are all nearby. The property offers the chance to tap into a thriving community and capitalize on the region's continued growth and desirability.

Map:
Location
Gallery