2185 Royal Drive, Santa Clara, California 95050, Santa Clara, 95050 - bed, bath
ACTIVE$2,495,000
2185 Royal Drive, Santa Clara, California 95050
0Bed
0Bath
3,556Sqft
10,163Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Strategically located within one mile of NVIDIA headquarters, ensuring strong tenant demand from a high-income demographic and potential for rental rates to outperform local averages.
Top Cons:
Property Age: Built in 1959, despite extensive renovations, the underlying structure is over 60 years old, which could potentially lead to unforeseen maintenance issues or require more frequent upkeep on non-renovated components.
Compared to the nearby listings
Price:$2.50M vs avg $1.85M (+$645,000)80%
Size:3,556 sqft vs avg 3,048 sqft80%
Price/sqft:$702 vs avg $63460%
More Insights
Built in 1959 (66 years old).
Condition: Despite being built in 1959, the property has undergone extensive and recent renovations, as explicitly stated in the description ('fully renovated interiors,' 'new roofs,' 'updated sub panels,' 'updated plumbing'). The images confirm this, showcasing a modern kitchen with white shaker cabinets, stainless steel appliances, quartz countertops, and new LVP flooring. The bathroom is similarly updated with a new vanity, modern fixtures, and contemporary finishes. All visible components appear new or virtually new, meeting current quality standards.
Year Built
1959
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026424
Home ConditionExcellent
Features
Patio
View-
About this home
Marcus and Millichap is pleased to present two adjacent fourplexes in Santa Clara, California, available for individual purchase or as a portfolio (2185 Royal + 2205 Royal). Both properties have received extensive renovations, including new roofs, new hardscape and landscaping, fully renovated interiors with in unit washers and dryers, updated backyards, updated sub panels, updated plumbing, and new redwood fencing. Each building is single story, supporting strong renter appeal and rapid lease up to a premium tenant profile. The location is exceptional, within one mile of NVIDIA headquarters, positioning the assets to outperform local rental averages for years to come. Parking is excellent, with one tandem space per unit, two cars deep, totaling eight spaces per building.
Price History
Date
Event
Price
04/30/19
Sold
$1,650,000
Condition Rating
Excellent
Despite being built in 1959, the property has undergone extensive and recent renovations, as explicitly stated in the description ('fully renovated interiors,' 'new roofs,' 'updated sub panels,' 'updated plumbing'). The images confirm this, showcasing a modern kitchen with white shaker cabinets, stainless steel appliances, quartz countertops, and new LVP flooring. The bathroom is similarly updated with a new vanity, modern fixtures, and contemporary finishes. All visible components appear new or virtually new, meeting current quality standards.
Pros & Cons
Pros
Prime Location: Strategically located within one mile of NVIDIA headquarters, ensuring strong tenant demand from a high-income demographic and potential for rental rates to outperform local averages.
Extensive Recent Renovations: The property has undergone comprehensive upgrades including new roofs, hardscape, landscaping, fully renovated interiors, updated backyards, sub panels, plumbing, and new redwood fencing, significantly reducing immediate capital expenditure for a new owner.
In-Unit Amenities: Each unit is equipped with in-unit washers and dryers, a highly desirable amenity that attracts premium tenants, supports rapid lease-up, and enhances tenant satisfaction.
Desirable Single-Story Layout: All buildings are single-story, which appeals to a broader range of renters, including those seeking accessibility or a quieter living environment, contributing to strong renter appeal and retention.
Excellent Parking: The property offers excellent parking with one tandem space per unit (two cars deep), totaling eight spaces per building, addressing a critical need in urban rental markets.
Cons
Property Age: Built in 1959, despite extensive renovations, the underlying structure is over 60 years old, which could potentially lead to unforeseen maintenance issues or require more frequent upkeep on non-renovated components.
High Entry Price Point: The list price of $2.495 million represents a significant capital investment for a quadruplex, which may limit the pool of potential investors despite the strong market fundamentals and renovations.
Unspecified System Updates: While 'updated plumbing' and 'sub panels' are mentioned, the description lacks specific details on comprehensive updates to all major systems like full electrical wiring, HVAC systems, or insulation, which could imply potential future costs.