2125 Monroe Street, Santa Clara, California 95050, Santa Clara, - bed, bath
ACTIVE$1,990,000
2125 Monroe Street, Santa Clara, California 95050
0Bed
0Bath
3,270Sqft
6,715Lot
Year Built
1960
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993342
Home ConditionFair
Features
Patio
View-
About this home
Welcome to 2125 Monroe St, located in the desirable area of Santa Clara. This fourplex consists of four two-bedroom, one-bath units, four parking spaces, and an on-site coin laundry facility. All units have double pane windows. Convenient location, Short drive to Santana Row, Lawrence Caltrain Station, Santa Clara University, Apple, Intel, and Nvidia! Easy access to 101/880/87. This is a great investment with upside potential! Buyers have the option to purchase 2127 Monroe St concurrently with this listing.
Price History
Date
Event
Price
02/07/25
Listing
$1,990,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,270 | 3,200 | 50% |
| Lot Size | 6,715 | 6,658 | 50% |
| Price | $1.99M | $1.77M | 75% |
| Price per square foot | $609 | $559 | 50% |
| Built year | 1960 | 9800981 | 50% |
| HOA | |||
| Days on market | 271 | 196 | 75% |
Condition Rating
Fair
Built in 1960, this quadruplex shows a mix of conditions. While some units feature updated double-pane windows, newer laminate flooring, and fresh paint (as seen in Unit 4), the kitchen and bathroom in Unit 3 are significantly outdated. The kitchen has very old appliances, tiled countertops, and dated cabinetry, while the bathroom features a pink tub surround, pedestal sink, and old fixtures. These key areas require substantial renovation to meet current standards, aligning with the 'Fair' criteria of being aged but maintained with functional yet outdated major components.
Pros & Cons
Pros
Strong Investment Opportunity: This fourplex is explicitly marketed as a 'great investment with upside potential,' offering consistent rental income from four 2-bedroom, 1-bath units, ideal for a residential income portfolio.
Strategic Location: Located in desirable Santa Clara, the property boasts close proximity to major tech employers (Apple, Intel, Nvidia), Santa Clara University, and popular lifestyle destinations like Santana Row.
Excellent Transportation Access: Tenants benefit from easy access to key transportation arteries, including Highways 101, 880, and 87, as well as the Lawrence Caltrain Station, enhancing commute convenience.
Tenant-Friendly Amenities & Upgrades: The property includes practical amenities such as four dedicated parking spaces, an on-site coin laundry facility, and energy-efficient double-pane windows in all units, enhancing tenant appeal.
Portfolio Expansion Potential: A unique opportunity exists for buyers to expand their investment portfolio by purchasing the adjacent property (2127 Monroe St) concurrently with this listing.
Cons
Property Age & Potential Deferred Maintenance: Built in 1960, the property may require significant capital expenditures for updating original systems (e.g., plumbing, electrical, roofing) beyond the noted window upgrades, impacting long-term costs.
Limited Unit Diversity: All four units are uniformly 2-bedroom, 1-bath, which might limit the appeal to a broader range of tenant demographics seeking different unit sizes or configurations.
Unspecified HVAC Systems: The description does not detail the heating or cooling systems, which could imply older, less efficient systems or a lack of central air conditioning, potentially impacting tenant comfort and operating expenses.