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32403255
32403256

3501 Lafayette St, Santa Clara, CA 95054

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto
$7,225,000
31 days on market
Updated 30 days ago

Bentley Square

Details
APN 101-07-009
Property Type Multifamily
Square Footage 14,280
Units 17
Cap Rate 4.71%
NOI $340,547
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 6.20%
Pro-Forma NOI $447,921
Price per SqFt $506
Class C
Year Built 1965
Acreage 0.680
Investment Type Value Add

Multifamily | 4.71% CAP | 17 Units

Marketing description

Bentley Square is a prime 17-unit townhome-style multifamily asset located at 3501 Lafayette St in the thriving city of Santa Clara, California.

Situated on a parcel of land totaling 29,725 square feet, the subject property was originally constructed in 1965 and features a gross building area of approximately 14,280 square feet, offering its tenants 100% beautifully designed two-bedroom townhome-style floor plans. Tenants enjoy open floor plans featuring stainless steel energy-efficient appliances, air conditioning, luxury flooring and large private patios. Additionally, the subject property offers tenants convenient community amenities such as private parking, and a laundry facility.

Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations around Santa Clara including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. Bentley Square offers tenants convenient access to the rest of the Bay Area with its proximity to the major transportation corridors of U.S Highway 101, California State Route 82, Interstate 880, as well as several transit options provided by Caltrain and Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (6.3mi), Santa Clara University (3.2mi), PayPal Park (3.9mi), and Santana Row (6.5mi).

The investment appeal of this asset is driven by Santa Clara's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, Bentley Square is an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment highlights

  • Incredible Santa Clara Townhome-Style Investment Opportunity - Investors have the opportunity to acquire a well-situated townhome-style multifamily asset in one of the most dynamic and desirable locations in the South Bay.
  • Desirable Unit Mix - The subject property offers tenants 100% beautifully designed two-bedroom floor plans.
  • Elevated Property Amenities - Tenants enjoy thoughtfully designed open floor plans featuring energy-efficient stainless steel appliances, air conditioning, luxury flooring, and spacious private patios. Community amenities include private parking and an on-site laundry facility.
  • Premier Santa Clara Location - The subject property is located within close proximity to Downtown San Jose (6.3mi), Santa Clara University (3.2mi), Levi's® Stadium (2.6mi), Nvidia Campus (2.1mi), (PayPal Park (3.9mi), and Santana Row (6.5mi), home to a myriad of dining, shopping, and entertainment options.
  • Convenient Access to Transportation Corridors - Bentley Square offers easy access to many transportation corridors including U.S. Route 101, California State Route 82, Interstate 880, Interstate 280, the Santa Clara Caltrain Station as well as many others.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
01462752
Listed by Marcus & Millichap - Palo Alto

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$340,547.00
$28,378.92/mo

Valuation Metrics

0
DSCR
4.71%
Cap Rate
4.71%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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