Homestead Road Santa Clara, CA

$500,000 Price Adjustment ** This pride of ownership (8) unit apartment building located on the corner of Monroe and Homestead is just (4) blocks to the University of Santa Clara. There is covered parking for (5) cars and (3) garages for the other vehicles. The property has an excellent unit mix and... curb appeal with major frontage on Homestead on a large 10,130SF lot. There are separate gas meters and electric meters all units. There are (2) apartment building in which the corner building on Monroe and Homestead is a Victorian Triplex with a basement for storage. The (5) unit building, built in 1957, is adjacent to the triplex making the entire complex spacious with lots of frontage. All the units are clean and well maintained and some have neighborhood views. The location has vibrant food and entertainment places. The property is minutes from Santa Clara University, Santana Row, Westfield Valley Fair. All tenants have access to fine restaurants, boutiques, salons, juice bars, bistros, wine bars and pizza shops. The building is permitted and has been inspected by the City of Santa Clara. Because of the location, strong rental market in Santa Clara, pride of ownership and condition of the property there is a significant upside to rents. Continue reading