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2831 Malabar Ave, Santa Clara, CA 95051

9 Bed Multi-Family Home For Sale

2831 Malabar Ave, Santa Clara, CA 95051 House For Sale - MLS #ML81636013
Off the Market
$1,998,000
9
Multi-Family
4 Family
This listing is courtesy of Dave Tonna from Alain Pinel Realtors.

Property Description for 2831 Malabar Ave, Santa Clara, CA 95051

Great investment opportunity in Santa Clara with Cupertino Schools. Unit number one is like a townhouse, ideal for great rental rates or owner occupied with 3 bedrooms, 2 baths, fireplace, enclosed private patio room, indoor laundry, and a 1 car private detached garage, THe rest are 2 bedroom 1 bath with private detached 1 car garages, shared laundry. rents may appear to be below market, however, the tenants in units #1 & 4 have given notice. Unit 2 rent is low because the tenant is managing the property, which is why the management cost is $9,000. This is the cost of the management fees of unit #2 in the form of reduced rent. Great opportunity to lease to new tenants at market rates and bring up the cap rate. Close to Santana Row, Valley Fair, the new Apple campus, 280, Stevens Creek, San Tomas Expressway, Lawrence Expressway. Please do not disturb the tenants.

Interior Details

4,032 sq. ft.
$495.54/sq. ft.
Sewer - Public
Public

Exterior Details

0.16 acres
7,144 sq. ft.
Detached
1 Garage Spaces
Wood
Concrete Perimeter

Other Details

ML81636013
1962
$6,600

Units Description

Unit #1
Bedrooms: 3      Rent: $2,600     

Unit #2
Bedrooms: 2      Rent: $1,600     

Unit #3
Bedrooms: 2      Rent: $750     

Unit #4
Bedrooms: 2      Rent: $1,650     

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Monthly Mortgage Payments

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$12,640

Town Description

The first European to visit the valley was José Francisco Ortega in 1769. He found the area inhabited by Native Americans the Spanish called the Costanos, "coast people," later known as the Ohlone....

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