480 California Street

Santa Clara, CA 95050

$2,088,000
Price
Beds
4,018 Sq. Ft.
$520 / Sq. Ft.
4,018
Sq. Ft.
$520
per Sq. Ft.

Description

Marcus & Millichap is pleased to present 480 California Street, an exceptional fourplex opportunity located in the thriving city of Santa Clara, California. This asset features spacious four (4) two-bedroom/one-bathroom floor plans, at approximately 900 square feet each, situated on a massive 9,480 square foot lot. Select units have been renovated with high-end designer finishes including new LVT flooring, quartz countertops, LED lighting, and full kitchen/bathroom remodels. With a world-class location...Marcus & Millichap is pleased to present 480 California Street, an exceptional fourplex opportunity located in the thriving city of Santa Clara, California. This asset features spacious four (4) two-bedroom/one-bathroom floor plans, at approximately 900 square feet each, situated on a massive 9,480 square foot lot. Select units have been renovated with high-end designer finishes including new LVT flooring, quartz countertops, LED lighting, and full kitchen/bathroom remodels. With a world-class location in the heart of Silicon Valley, 480 California Street is an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030

Property Details for 480 California Street

MLS City Name
SANTA CLARA
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
6
LISTING UPDATED: 12/09/2024 10:56 AM

Property Details for 480 California Street

StatusActive
MLS #ML81988171
Days on Compass2
Taxes$24,423 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1953
Lot Size0.22 AC / 9,480 SF
CountySanta Clara County

Building Information for 480 California Street

Stories-Residences4Year Built1953Building Size-Lot Size0.22 AC / 9,480 SF

Property Information for 480 California Street

Features
Features
  • Fireplace: No
  • Living SqFt: 4018
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Santa Clara
  • Roof: Flat / Low Pitch
  • Subclass: Fourplex
  • Year Built Source: Other
  • Street Number: 480
  • Street Name: California
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4018
  • Structure SqFt Source: Other
  • Age: 71
Development Information
  • Zoning Detail: R325
Location Information
  • Parcel Number: 269-39-002
  • 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
  • Horse Property: No
  • Lot Acres: .22
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $24,423
  • Building Unit Total: 4
  • Capitalization Rate: 4.22
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,023
  • Expense Landscape: $4,200
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $2,400
  • Expenses Other: $900
  • Expenses Utility: $5,000
  • Expenses Total: $43,946
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 15.34
  • Income Annual Gross: $131,998
  • Income Annual Rental: $134,880
  • Income Gross Scheduled: $136,080
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,810
Unit 2 Information
  • Unit 2 Approx Square Footage: 900
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,725
Unit 3 Information
  • Unit 3 Approx Square Footage: 900
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,895
Unit 4 Information
  • Unit 4 Approx Square Footage: 900
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,895
Unit Type 1
  • Unit Type1 Approx SqFt: 900

Property History for 480 California 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 480 California Street

Taxable ValueLand$1,608,302Additions$416,013Total$2,024,315
Tax Record2024$23,684 ($1,974 / month)
Home Facts
Total Finished SqFt4,018 SqFtAbove Grade Finished SqFt4,018 SqFtStories2Lot Size9,480 SqFtStyleQuadraplexYear Built1953ZoningR325CountySANTA CLARAAPN269-39-002Fireplace TypeHas Fireplace

Schools near 480 California 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
Westwood 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.

Similar Homes

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480 California Street is a multi-family home for sale in Santa Clara, CA 95050. This property was listed for sale on December 9, 2024 by Marcus & Millichap, it's currently listed at $2,088,000. It has been on the market for a total of 2 days and was last sold on October 31, 2019. This listing's school district is Santa Clara Unified School District. Nearby schools include Westwood Elementary School, Buchser Middle School and Santa Clara High School. 480 California Street is a 0-bed, 0-bath, 4,018 sqft multi-family home built in 1953.

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, Eymon Binesh, DRE #02060059

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.