1704 Monroe Street

Santa Clara, CA 95050

$1,645,000
Price
Beds
2,920 Sq. Ft.
$563 / Sq. Ft.
2,920
Sq. Ft.
$563
per Sq. Ft.

Description

Wonderful Santa Clara triplex situated on an oversized 6,000 SqFt lot one block from City Hall and one mile from Santa Clara University. Unit Mix: One 4-bedroom/1-bathroom flat (approx. 1230 SqFt), (1) 2-bedroom/1-bathroom (approx. 722 SqFt), and (1) 1-bedroom/1-bathroom (approx. 552 SqFt). The property has been maintained by the current owner for nearly nineteen years. Opportunity to reposition the property by upgrading the exterior facade and unit kitchens, bathrooms, and flooring, and adding in-unit...Wonderful Santa Clara triplex situated on an oversized 6,000 SqFt lot one block from City Hall and one mile from Santa Clara University. Unit Mix: One 4-bedroom/1-bathroom flat (approx. 1230 SqFt), (1) 2-bedroom/1-bathroom (approx. 722 SqFt), and (1) 1-bedroom/1-bathroom (approx. 552 SqFt). The property has been maintained by the current owner for nearly nineteen years. Opportunity to reposition the property by upgrading the exterior facade and unit kitchens, bathrooms, and flooring, and adding in-unit laundry and recessed lighting to meet the preferences of high-paying technology employees. Additionally, the property has the potential to add an ADU unit by converting part of the large parking area into a residential unit. The property is located in close proximity to major technology companies including Intel, Nvidia, Apple, and Applied Materials. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 1704 Monroe Street a great opportunity for both the cash flow and appreciation minded investor.

Listing Agent

  1. Hanna John Azar

    Hanna John Azar

    Alternative Listing Agent

    Compass

    DRE #02005698

Property Details for 1704 Monroe Street

MLS City Name
SANTA CLARA
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
5
Cross Street
Reeve Street

Open Houses

Saturday, Jun 1st

1:00 PM - 3:00 PM

PublicView Details

Location

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847
Add your commute
LISTING UPDATED: 05/25/2024 04:05 PM

Property Details for 1704 Monroe Street

StatusActive
MLS #ML81965474
Days on Compass15
Taxes$19,453 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1920
Lot Size0.14 AC / 6,000 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847
Add your commute

Building Information for 1704 Monroe Street

Stories2Residences3Year Built1920Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$10,599 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,977

Property Taxes

$1,621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1704 Monroe Street

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Oven Range, Refrigerator
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet
  • Laundry: Washer / Dryer
  • Living SqFt: 2920
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Gas
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected, Sewer in Street
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, Parking Area, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Santa Clara
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 1704
  • Street Name: Monroe
  • Street Suffix: Street
  • Area ID: 8
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2920
  • Structure SqFt Source: Other
  • Age: 104
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R16L
Location Information
  • City Limits: Yes
  • Parcel Number: 224-25-051
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School: 401
  • Elementary School District: 483
  • Middle School Text: Buchser Middle
  • High School District Text: Santa Clara Unified
  • High School Text: Santa Clara High
Lot Information
  • Foundation: Reinforced Concrete
  • Horse Property: No
  • Lot Description: Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Balcony / Patio, Other
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $19,453
  • Building Unit Total: 3
  • Capitalization Rate: 2.96
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,500
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $4,200
  • Expenses Total: $30,153
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Janitor, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 20.25
  • Income Annual Gross: $78,783
  • Income Annual Rental: $80,220
  • Income Gross Scheduled: $81,220
  • Income Other: $1,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $2,750
Unit 2 Information
  • Unit 2 Approx Square Footage: 722
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,060
Unit 3 Information
  • Unit 3 Approx Square Footage: 552
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,875
Unit Type 1
  • Unit Type1 Approx SqFt: 1230

Property History for 1704 Monroe 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 1704 Monroe Street

Taxable ValueLand$591,077Additions$394,048Total$985,125
Tax Record2023$11,716 ($976 / month)
Home Facts
Total Finished SqFt2,920 SqFtAbove Grade Finished SqFt2,920 SqFtStories2Lot Size6,000 SqFtStyleTriplexYear Built1920ZoningR16LCountySANTA CLARAAPN224-25-051Fireplace TypeHas Fireplace

Schools near 1704 Monroe 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 - 6 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
Public6 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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Similar Sold Homes

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1704 Monroe Street is a multi-family home for sale in Santa Clara, CA 95050. This property was listed for sale on May 13, 2024 by Compass, it's currently listed at $1,645,000. It has been on the market for a total of 15 days and was last sold on October 17, 2005. This listing's school district is Santa Clara Unified School District. Nearby schools include Scott Lane Elementary School, Buchser Middle School and Santa Clara High School. 1704 Monroe Street is a 0-bed, 0-bath, 2,920 sqft multi-family home built in 1920.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847

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.