3280 Cabrillo Avenue

Santa Clara, CA 95051

$2,525,000
Price
Beds
3,940 Sq. Ft.
$641 / Sq. Ft.
3,940
Sq. Ft.
$641
per Sq. Ft.

Description

Magnify is pleased to exclusively present the opportunity to acquire 3280 Cabrillo Ave, a premium five (5) unit property with strong in-place rents and spacious units. Strategically located in Santa Clara, this property offers a compelling investment opportunity in a highly desirable rental market at the border of Sunnyvale. Constructed in 1977, this turnkey investment consists of (1) two-bedroom/one-and-half-bathroom townhome and (4) two-bedroom/one-bathroom units, offering a total building square...Magnify is pleased to exclusively present the opportunity to acquire 3280 Cabrillo Ave, a premium five (5) unit property with strong in-place rents and spacious units. Strategically located in Santa Clara, this property offers a compelling investment opportunity in a highly desirable rental market at the border of Sunnyvale. Constructed in 1977, this turnkey investment consists of (1) two-bedroom/one-and-half-bathroom townhome and (4) two-bedroom/one-bathroom units, offering a total building square footage of 3,940 on a 7,840 square foot lot. The building underwent key recent capital improvements including a new roof, freshly painted exterior, and remodeled units. It boasts beautiful architecture and pristine landscaping which reinforces its overall curb appeal. The property is close to top Silicon Valley tech employers, including Apple and NVIDIA, which further enhances its appreciation potential. It is also just a ten minute drive from Santa Clara University, Santa Clara High School, 49ers Levi's Stadium, and Paramount's Great America. Finally, it features easy access to San Tomas Expressway, El Camino Real, and Lawrence Expressway.

Property Details for 3280 Cabrillo Avenue

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Magnify Real Estate, Kyle De Mattei, DRE #02146792; Magnify Real Estate, Eric Katz, DRE #01900078
Add your commute
LISTING UPDATED: 05/19/2024 06:18 PM

Property Details for 3280 Cabrillo Avenue

StatusActive
MLS #ML81963429
Days on Compass17
Taxes$29,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1977
Lot Size0.18 AC / 7,841 SF
CountySanta Clara County

Location

Listing Courtesy of Magnify Real Estate, Kyle De Mattei, DRE #02146792; Magnify Real Estate, Eric Katz, DRE #01900078
Add your commute

Building Information for 3280 Cabrillo Avenue

Stories-Residences-Year Built1977Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$16,269 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,780

Property Taxes

$2,489

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3280 Cabrillo Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 3940
  • Pool: No
  • Security Features: None
  • Special Features: Parking, Other
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Bitumen, Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3280
  • Street Name: Cabrillo
  • Street Suffix: Avenue
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3940
  • Structure SqFt Source: Assessor
  • Age: 47
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 220-08-045
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95051
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Wood Frame
  • Lot Acres: .18
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $29,867
  • Capitalization Rate: 4.45
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,562
  • Expense Landscape: $1,680
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $1,742
  • Expenses Utility: $11,131
  • Expenses Total: $49,982
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 15.10
  • Income Annual Gross: $162,224
  • Income Annual Rental: $164,640
  • Income Gross Scheduled: $167,241
  • Income Other: $2,601
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,784
Unit 2 Information
  • Unit 2 Approx Square Footage: 788
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,584
Unit Type 1
  • Unit Type1 Approx SqFt: 788

Property History for 3280 Cabrillo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3280 Cabrillo Avenue

Taxable ValueLand$1,352,520Additions$686,664Total$2,039,184
Tax Record2023$24,098 ($2,008 / month)
Home Facts
Total Finished SqFt3,940 SqFtAbove Grade Finished SqFt3,940 SqFtStories2Lot Size7,800 SqFtStyleTriplexYear Built1977Year Renovated1978ZoningR3CountySANTA CLARAAPN220-08-045Fireplace TypeHas Fireplace

Schools near 3280 Cabrillo Avenue

This home is within Santa Clara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Briarwood Elementary School
PublicK to 5

Juan Cabrillo Middle School
Public6 to 8

Adrian Wilcox High School
Public9 to 12

New Valley Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3280 Cabrillo Avenue is a multi-family home for sale in Santa Clara, CA 95051. This property was listed for sale on April 29, 2024 by Magnify Real Estate, it's currently listed at $2,525,000. It has been on the market for a total of 17 days and was last sold on July 8, 2020. This listing's school district is Santa Clara Unified School District. Nearby schools include Briarwood Elementary School, Juan Cabrillo Middle School and Adrian Wilcox High School. 3280 Cabrillo Avenue is a 0-bed, 0-bath, 3,940 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, Kyle De Mattei, DRE #02146792; Magnify Real Estate, Eric Katz, DRE #01900078

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.