2127 Monroe Street, Santa Clara, California 95050, Santa Clara, - bed, bath
ACTIVE$1,990,000
2127 Monroe Street, Santa Clara, California 95050
0Bed
0Bath
3,270Sqft
6,395Lot
Year Built
1960
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81993343
Home ConditionGood
Features
View-
About this home
Welcome to 2127 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 laundry facility. All units have been renovated including kitchens, bathrooms, double pane windows, and new exterior paint. 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 2125 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 | 6,395 | 6,498 | 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
Good
Built in 1960, the property description states 'All units have been renovated including kitchens, bathrooms, double pane windows, and new exterior paint.' While Unit #1 (images 2, 3, 7-15) showcases a recently and extensively renovated kitchen and bathroom with modern white shaker cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, recessed lighting, and LVP flooring, Unit #3's kitchen (image 5) appears significantly older with white square tile flooring, dated cabinets, and an older ceiling fan. This inconsistency suggests that not all 'renovations' were done to the same modern standard or at the same time. However, the exterior and windows appear updated across the board. The property is move-in ready, and while some units (like Unit #3's kitchen) show signs of being outdated and would benefit from further cosmetic updates, the overall condition, including the recent high-quality renovations in at least one unit, places it in the 'Good' category.
Pros & Cons
Pros
Income-Generating Asset: This fourplex consists of four 2-bedroom, 1-bath units, providing a stable and diversified income stream for investors.
Extensive Renovations: All units have been recently renovated, including kitchens, bathrooms, double-pane windows, and new exterior paint, reducing immediate capital expenditure for a new owner.
Prime Location & Accessibility: Located in a desirable Santa Clara area with convenient access to major tech companies (Apple, Intel, Nvidia), Santa Clara University, Santana Row, and major freeways (101/880/87), ensuring strong tenant demand.
On-Site Amenities: The property includes four dedicated parking spaces and an on-site laundry facility, enhancing tenant convenience and offering potential for additional income.
Investment Upside Potential: Explicitly noted as a 'great investment with upside potential,' suggesting opportunities for rent growth and property value appreciation in a robust market.
Cons
Age of Building: Built in 1960, despite recent renovations, the underlying infrastructure and major systems (e.g., plumbing, electrical, roof) may still be older, potentially leading to future maintenance or replacement costs.
Limited Unit Diversity: All four units are uniformly 2-bedroom, 1-bathroom, which might limit the property's appeal to a broader range of tenant demographics compared to a mix of unit sizes.
Potential for Shared Utilities: The description does not specify individual metering for utilities (e.g., water, gas), which could imply the landlord is responsible for these costs, potentially impacting net operating income.