Beds
Baths
4,210 Sq. Ft.
$647 / Sq. Ft.
4,210
Sq. Ft.
$647
per Sq. Ft.

Description

A RARE OPPORTUNITY! No rent control, with an upside potential and a +4.3% Cap Rate. This kind of a property is rarely available for sale! 2062 Main Street is strategically positioned in Santa Clara City, which is the center of Silicon Valley and is home to the headquarters of several high-tech companies. The subject property has a great location, 4-minute walk to Santa Clara University and 10-minute drive to San Jose International Airport. Main Street property is a six-unit apartment building, situated...A RARE OPPORTUNITY! No rent control, with an upside potential and a +4.3% Cap Rate. This kind of a property is rarely available for sale! 2062 Main Street is strategically positioned in Santa Clara City, which is the center of Silicon Valley and is home to the headquarters of several high-tech companies. The subject property has a great location, 4-minute walk to Santa Clara University and 10-minute drive to San Jose International Airport. Main Street property is a six-unit apartment building, situated on 9,541 square foot lot (per county assessor) with approximately 4,210 square foot of building area (per county assessor). It has a great unit mix, consisting of two spacious two-bedroom/one-bath units and four one-bedroom/one-bath units. The property interior has gone under significant renovation in the last 6 months, as well as the exterior..

Listing Agent

  1. Dima Khoury

    Dima Khoury

    Listing Agent

    Compass

    DRE #01969075

    dima.khoury@compass.com

    P: (415)-580-9622

Property Details for 2062 Main Street

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
0
Parking Spaces
6
LISTING UPDATED: 08/15/2019 10:32 AM

Property Details for 2062 Main Street

StatusSold
MLS #ML81739405
Days on Compass109
Taxes$22,563 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.22 AC / 9,541 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Dima Khoury, DRE #01969075

Sold By Cornish & Carey Commercial, Brian Henry, DRE #01385537

Add your commute

Building Information for 2062 Main Street

Stories-Residences-Year Built1960Building Size-Lot Size0.22 AC / 9,541 SF

Payment Calculator

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$15,161 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,281

Property Taxes

$1,880

HOA Dues

$0

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Property Information for 2062 Main Street

Features
External Links
  • Virtual Tour URL: www.2062mainstreet.com
Features
  • Amenities: Other
  • Fireplace: No
  • Flooring: Laminate, Other
  • Living SqFt: 4210
  • Pool: No
  • Security Features: Other
  • Special Features: Parking, Other
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Other
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Assigned Spaces, Carport, Covered Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2062
  • Street Name: Main
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4210
  • Structure SqFt Source: Assessor
  • Age: 59
Development Information
  • Zoning Detail: R336
Location Information
  • Parcel Number: 224-23-003
  • 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 Slab
  • Lot Acres: .22
  • 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: 6
General Information
  • Annual Tax Amount: $22,563
  • Capitalization Rate: 4.53
  • Tenant Expenses: Other
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,036
  • Expense Landscape: $1,200
  • Expense Maintenance: $2,400
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $8,400
  • Expenses Total: $37,599
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities, Other
  • Gross Rent Multiplier: 16.68
  • Income Annual Gross: $163,780
  • Income Annual Rental: $166,872
  • Income Gross Scheduled: $167,122
  • Income Other: $250
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,845
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,600

Property History for 2062 Main Street

DateEvent & SourcePriceAppreciation
Aug 8, 2019

Sold

EBRD #ML81739405

$2,725,000
Aug 8, 2019

Sold

MLSListings #ML81739405

$2,725,000
Aug 1, 2019

Sold (Public Record)

Public Record #650515972

$2,725,000

+25.3% / yr

Jun 9, 2019

Pending

MLSListings #ML81739405

Jun 9, 2019

Pending

EBRD #ML81739405

Feb 19, 2019

Listed (Active)

MLSListings #ML81739405

$2,925,000
Feb 19, 2019

Listed (Active)

EBRD #ML81739405

$2,925,000
Jan 14, 2019

Withdrawn

MLSListings #ML81722158

$2,995,000
Jan 14, 2019

Withdrawn

EBRD #ML81722158

Sep 6, 2018

Listed (Active)

MLSListings #ML81722158

$3,250,000
Sep 6, 2018

Listed (Active)

EBRD #ML81722158

$3,250,000
Oct 6, 2017

Sold

EBRD #ML81655714

$1,805,000
Oct 6, 2017

Sold

MLSListings #ML81655714

$1,805,000
Oct 3, 2017

Sold (Public Record)

Public Record #606572442

$1,805,000

+78.2% / yr

Sep 30, 2017

Expired

SDMLS #ML81655664

Aug 10, 2017

Pending

MLSListings #ML81655714

Aug 10, 2017

Pending

EBRD #ML81655714

Jun 13, 2017

Listed (Active)

MLSListings #ML81655714

$1,950,000
Jun 13, 2017

Listed (Active)

EBRD #ML81655714

$1,950,000
Jun 12, 2017

Listed (Active)

SDMLS #ML81655664

$1,950,000
Oct 31, 2014

Withdrawn

RESFAR #81424105

$1,249,900
Aug 26, 2014

Sold (Public Record)

Public Record #434131436

$300,000

-40.8% / yr

Aug 13, 2014

Withdrawn

MLSListings #ML81424105

$1,249,900
Aug 13, 2014

Withdrawn

EBRD #ML81424105

Jul 7, 2014

Listed (Active)

MLSListings #ML81424105

$1,249,900
Jul 7, 2014

Listed (Active)

RESFAR #81424105

$1,249,900
Jul 7, 2014

Listed (Active)

EBRD #ML81424105

$1,249,900
Mar 6, 2013

Sold (Public Record)

Public Record #365626709

$650,000

-5.2% / yr

Jul 1, 2006

Expired

EBRD #ML80621669

Jun 30, 2006

Expired

MLSListings #ML80621669

$1,100,000
Jun 30, 2006

Expired

RESFAR #80621669

Apr 18, 2006

Listed (Active)

MLSListings #ML80621669

$1,100,000
Apr 18, 2006

Listed (Active)

RESFAR #80621669

$1,100,000
Apr 18, 2006

Listed (Active)

EBRD #ML80621669

$1,100,000
Aug 3, 2005

Sold

RESFAR #80526839

$975,000
Aug 3, 2005

Sold

MLSListings #ML80526839

$975,000
Aug 3, 2005

Sold

EBRD #ML80526839

$975,000
Jul 19, 2005

Sold (Public Record)

Public Record #161870980

$975,500
Jun 30, 2005

Pending

EBRD #ML80526839

Jun 30, 2005

Pending

MLSListings #ML80526839

Jun 30, 2005

Pending

RESFAR #80526839

May 17, 2005

Listed (Active)

MLSListings #ML80526839

$985,000
May 17, 2005

Listed (Active)

RESFAR #80526839

$985,000
May 17, 2005

Listed (Active)

EBRD #ML80526839

$985,000
DateEvent & SourcePrice
08/08/2019

Sold

EBRD #ML81739405

$2,725,000
08/08/2019

Sold

MLSListings #ML81739405

$2,725,000
08/01/2019

Sold (Public Record)

Public Record #650515972

$2,725,000

+25.3% / yr

06/09/2019

Pending

MLSListings #ML81739405

06/09/2019

Pending

EBRD #ML81739405

02/19/2019

Listed (Active)

MLSListings #ML81739405

$2,925,000
02/19/2019

Listed (Active)

EBRD #ML81739405

$2,925,000
01/14/2019

Withdrawn

MLSListings #ML81722158

$2,995,000
01/14/2019

Withdrawn

EBRD #ML81722158

09/06/2018

Listed (Active)

MLSListings #ML81722158

$3,250,000
09/06/2018

Listed (Active)

EBRD #ML81722158

$3,250,000
10/06/2017

Sold

EBRD #ML81655714

$1,805,000
10/06/2017

Sold

MLSListings #ML81655714

$1,805,000
10/03/2017

Sold (Public Record)

Public Record #606572442

$1,805,000

+78.2% / yr

09/30/2017

Expired

SDMLS #ML81655664

08/10/2017

Pending

MLSListings #ML81655714

08/10/2017

Pending

EBRD #ML81655714

06/13/2017

Listed (Active)

MLSListings #ML81655714

$1,950,000
06/13/2017

Listed (Active)

EBRD #ML81655714

$1,950,000
06/12/2017

Listed (Active)

SDMLS #ML81655664

$1,950,000
10/31/2014

Withdrawn

RESFAR #81424105

$1,249,900
08/26/2014

Sold (Public Record)

Public Record #434131436

$300,000

-40.8% / yr

08/13/2014

Withdrawn

MLSListings #ML81424105

$1,249,900
08/13/2014

Withdrawn

EBRD #ML81424105

07/07/2014

Listed (Active)

MLSListings #ML81424105

$1,249,900
07/07/2014

Listed (Active)

RESFAR #81424105

$1,249,900
07/07/2014

Listed (Active)

EBRD #ML81424105

$1,249,900
03/06/2013

Sold (Public Record)

Public Record #365626709

$650,000

-5.2% / yr

07/01/2006

Expired

EBRD #ML80621669

06/30/2006

Expired

MLSListings #ML80621669

$1,100,000
06/30/2006

Expired

RESFAR #80621669

04/18/2006

Listed (Active)

MLSListings #ML80621669

$1,100,000
04/18/2006

Listed (Active)

RESFAR #80621669

$1,100,000
04/18/2006

Listed (Active)

EBRD #ML80621669

$1,100,000
08/03/2005

Sold

RESFAR #80526839

$975,000
08/03/2005

Sold

MLSListings #ML80526839

$975,000
08/03/2005

Sold

EBRD #ML80526839

$975,000
07/19/2005

Sold (Public Record)

Public Record #161870980

$975,500
06/30/2005

Pending

EBRD #ML80526839

06/30/2005

Pending

MLSListings #ML80526839

06/30/2005

Pending

RESFAR #80526839

05/17/2005

Listed (Active)

MLSListings #ML80526839

$985,000
05/17/2005

Listed (Active)

RESFAR #80526839

$985,000
05/17/2005

Listed (Active)

EBRD #ML80526839

$985,000

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

Public Records for 2062 Main Street

Taxable ValueLand$1,749,832Additions$1,230,350Total$2,980,182
Tax Record2025$35,481 ($2,957 / month)
Home Facts
Total Finished SqFt4,210 SqFtAbove Grade Finished SqFt4,210 SqFtStories2Lot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR336CountySANTA CLARAAPN224-23-003Fireplace TypeHas Fireplace

Schools near 2062 Main 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
Scott Lane 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Compass, Dima Khoury, DRE #01969075

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.