Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
N/A
2070 3rd St presents a rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of Silicon Valley. The building consists of (10) 1BD/1BA units, attracting single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low-density layout with potential for future development. Each unit includes A/C, forced-air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on-site laundry and a brand new roof. The property generates strong cash flow with in-place rents and further upside. Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long-term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed-use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long-term investment performance. This asset offers a compelling mix of steady income and value-add potential in a prime location.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.287
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,998,000
-
Tax Amount
34965.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Water Source
Public
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Location
County
Santa Clara
Elementary School
Middle School
High School
Listing Courtesy of Will Tharp , Magnify Real Estate
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