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$ 5,600,000
Est. payment | /mo
22,659 SqFt
$ 5,600,000
Est. payment | /mo
22,659 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 22,659 sqft
Price per Sqft $247
MLS Listing ID ML81995430
HOA Y/N No
Year Built 1936
Lot Size 0.670 Acres
Property Description
1793 Lafayette St, Santa Clara offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Condos, Apartments, Co-Living, or Live/Work. Medium-Density Residential zoning allows for 24 units + 8-9 potential ADUs - priced at $175k per unit. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning Medium Density Residentia
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Guest
Garage Spaces 45.0
Garage Description 45.0
View Y/N No
Roof Type Other
Total Parking Spaces 45
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 22429021
Special Listing Condition Standard
Listed by Stephen Thaddeus Wawryk KW Bay Area Estates
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Cyrene Delinger
REALTOR® | Lic# 01974789