$2,700,000
$2,650,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
7 Baths
5,168 SqFt
SOLD DATE : 08/23/2024
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,168 sqft
Price per Sqft $522
MLS Listing ID ML81975632
Sold Date 08/23/24
Bedrooms 9
Full Baths 6
Half Baths 2
Year Built 1979
Lot Size 0.374 Acres
Property Description
UNIT 101 open Friday and Saturday (8/9 & 8/10) from 11 AM to 1 PM. Presenting a highly unique mulitfamily opportunity at 1298 Reeve Street, in the heart of Santa Clara, CA. Built in 1979 on an expansive 0.37-acre lot, this distinctive property boasts five units, including two spacious three-bedroom units, a two-bedroom unit, and two cozy one-bedroom units. Each unit features its own garage, in-unit washers and dryers, and private backyards, offering residents unparalleled comfort and convenience. What sets 1298 Reeve Street apart is its potential for versatile living arrangements. The sizable three-bedroom owner's unit (UNIT 101) will be delivered vacant, presenting an ideal scenario for a home buyer to occupy this luxurious space while leasing out the remaining units to offset mortgage and tax expenses. This arrangement not only provides immediate income but also positions the property as a strategic investment in Santa Clara's thriving real estate market.
Location
State CA
County Santa Clara
Area Santa Clara
Building/Complex Name Reeve Street Cottages
Zoning R3
Interior
Heating Electric, Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Attached Garage
Garage Spaces 5.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 224-26-072
Security Features None
Special Listing Condition Not Applicable
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Bought with Jimmy Castellanos • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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