1355 Jefferson Street

Santa Clara, CA 95050

$3,600,000
Price
Beds
5,472 Sq. Ft.
$658 / Sq. Ft.
5,472
Sq. Ft.
$658
per Sq. Ft.

Description

The Rubio Group of Marcus & Millichap is pleased to present 1355 Jefferson Street. 1355 Jefferson Street is an eight unit apartment complex, located in Santa Clara, California. The subject property was built in 1957 and consists of approximately 5,472 gross rentable square feet (per county assessor) and sits on an 8,360 square foot lot (per county assessor). This asset boasts an attractive unit mix of six (6) one-bed, one-bath units, and two (2) two-bed, one-bath units. Current ownership has meticulously...The Rubio Group of Marcus & Millichap is pleased to present 1355 Jefferson Street. 1355 Jefferson Street is an eight unit apartment complex, located in Santa Clara, California. The subject property was built in 1957 and consists of approximately 5,472 gross rentable square feet (per county assessor) and sits on an 8,360 square foot lot (per county assessor). This asset boasts an attractive unit mix of six (6) one-bed, one-bath units, and two (2) two-bed, one-bath units. Current ownership has meticulously upgraded the property and offers a new investor fully upgraded interiors including: new kitchens, bathrooms, appliances, cabinets, vinyl flooring and recessed lighting. In addition, four of the units have been upgraded with in-unit washer and dryers, boosting their upside in rental income. 1355 Jefferson Street is located within a four minute drive to Santa Clara University, making it an attractive options for students and teachers alike. This asset will appeal to investors looking for stable in place income within a robust rental market that still gives the opportunity to push the existing rents all the way to market.
  1. Listed by Fred Rubio • DRE #01984041 • Brokerage DRE #01240999 • Marcus & Millichap • 408-314-3009
  2. Listed by Cassandra Smillie Wyckoff • DRE #02208464 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1355 Jefferson Street

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
0
Parking Spaces
8
LISTING UPDATED: 10/17/2024 08:35 AM

Property Details for 1355 Jefferson Street

StatusActive
MLS #ML81984002
Days on Compass5
Taxes$41,877 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1957
Lot Size0.19 AC / 8,360 SF
CountySanta Clara County

Building Information for 1355 Jefferson Street

Stories-Residences-Year Built1957Building Size-Lot Size0.19 AC / 8,360 SF

Property Information for 1355 Jefferson Street

Features
Features
  • Fireplace: No
  • Living SqFt: 5472
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer in Street
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Unassigned Spaces, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1355
  • Street Name: Jefferson
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5472
  • Structure SqFt Source: Assessor
  • Age: 67
Development Information
  • Zoning Detail: R3-36
Location Information
  • Parcel Number: 269-03-047
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .19
  • 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: 8
General Information
  • Annual Tax Amount: $41,877
  • Capitalization Rate: 4.15
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,000
  • Expense Landscape: $1,200
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $12,212
  • Expenses Total: $67,289
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 16.11
  • Income Annual Gross: $222,612
  • Income Annual Rental: $222,612
  • Income Gross Scheduled: $223,412
  • Income Other: $800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,700
Unit 2 Information
  • Unit 2 Approx Square Footage: 625
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,780
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 1355 Jefferson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1355 Jefferson Street

Taxable ValueLand$1,591,812Additions$981,617Total$2,573,429
Tax Record2023$29,833 ($2,486 / month)
Home Facts
Total Finished SqFt5,472 SqFtAbove Grade Finished SqFt5,472 SqFtStories2Lot Size8,360 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningR3-36CountySANTA CLARAAPN269-03-047Fireplace TypeHas Fireplace

Schools near 1355 Jefferson Street

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 - K to 12
Rating
School
Distance
C. W. Haman Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Wilson Alternative School
PublicK 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.

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1355 Jefferson Street is for sale in Santa Clara, CA 95050. This property was listed for sale on October 17, 2024 by Marcus & Millichap, it's currently listed at $3,600,000. It has been on the market for a total of 5 days and was last sold on December 23, 2020. This listing's school district is Santa Clara Unified School District. Nearby schools include C. W. Haman Elementary School, Buchser Middle School and Santa Clara High School. 1355 Jefferson Street is a 0-bed, 0-bath, 5,472 sqft built in 1957.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Fred Rubio, DRE #01984041; Marcus & Millichap, Cassandra Smillie Wyckoff, DRE #02208464

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.