The Colony Manor
1654 Hollenbeck Ave, CA 94087
Sq. Feet 60,064
Marcus & Millichap has been selected to exclusively market for sale 490 California Street, a turnkey, extensively renovated 4-unit apartment building located in the thriving city of Santa Clara, California.
Santa Clara is a major city in the Silicon Valley and the ninth 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, Amazon, Microsoft, and Yahoo.This prime location not only allows easy access to major highways, it also is located just over a mile from number of different shopping, dining and entertainment selections provided by the World Class Santana Row as well as minutes away from the distinguished Santa Clara University.
Originally constructed in 1953 the subject property consists of 4,018 of livable square feet and is situated on a 7,260 square foot lot. 490 California Street offers a desirable unit mix of four massive 1,004 square foot 2 Bedroom/1 Bath units. Tenants benefit from features such as individual private garage spaces, onsite parking, onsite washer and dryers, and fireplaces in the living rooms.
Cap Rate: 3.54% NOI: $74,347 Livable Sq. Ft: 4,016
Built in 1953 4 units Lot Sq. Ft: 7,405