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Madeira Square Apartments 2024-2050 Lafayette St 30 Unit Apartment Building $13,003,866 CAD ($433,462 CAD/Unit) 4.35% Cap Rate Santa Clara, CA 95050
INVESTMENT HIGHLIGHTS
- Desirable Unit Mix & Condition.
- Strong Historical Occupancy.
- Covered Land Play.
- Opportunity To Explore Adding Six Attached ADUs.
- Proximity To Silicon Valley Tech Companies.
EXECUTIVE SUMMARY
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 2050 Lafayette St (the Property), a 30-unit apartment community in the highly sought after Silicon Valley suburb of Santa Clara, California. The Property was built in 1958 and includes (20) one-bedroom, one-bathroom, (9) two-bedroom, one-bathroom units, and (1) three-bedroom, 1-bathroom SFH. The property is comprised of 21,694 square feet and sits on a 1.89 AC lot. The Property features garage parking for each individual tenant and (6) two-car garages that are ideal candidates for ADU conversions.
Please contact the CBRE Listing Team for additional information or to schedule a property tour.
Please contact the CBRE Listing Team for additional information or to schedule a property tour.
PROPERTY FACTS
| Price | $13,003,866 CAD | Building Class | C |
| Price Per Unit | $433,462 CAD | Lot Size | 1.89 AC |
| Sale Type | Investment | Building Size | 21,664 SF |
| Cap Rate | 4.35% | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | ML | ||
| Price | $13,003,866 CAD |
| Price Per Unit | $433,462 CAD |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.89 AC |
| Building Size | 21,664 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | ML |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 650 |
| 2+1 | 9 | - | 800 |
| 3+1 | 1 | - | 1,464 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 224-05-096 | Improvements Assessment | $929,088 CAD |
| Land Assessment | $2,166,166 CAD | Total Assessment | $3,095,254 CAD |
PROPERTY TAXES
Parcel Number
224-05-096
Land Assessment
$2,166,166 CAD
Improvements Assessment
$929,088 CAD
Total Assessment
$3,095,254 CAD
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Madeira Square Apartments | 2024-2050 Lafayette St
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