2831 Malabar Avenue, Santa Clara, California 95051, Santa Clara, 95051 - bed, bath
ACTIVE$3,198,000
2831 Malabar Avenue, Santa Clara, California 95051
0Bed
0Bath
4,032Sqft
7,150Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This quadruplex is explicitly marketed as a 'Great investment in Santa Clara' and is a 'Residential Income' property, offering immediate cash flow with all four units currently tenant-occupied.
Top Cons:
Under-Market Rents: The description notes that 'rents may appear to be below market,' indicating that current income is not maximized and a new owner would need to implement rent increases to achieve market rates.
Compared to the nearby listings
Price:$3.20M vs avg $2.64M (+$561,500)50%
Size:4,032 sqft vs avg 3,813 sqft50%
Price/sqft:$793 vs avg $68550%
More Insights
Built in 1962 (63 years old).
Condition: The property, built in 1962, has undergone significant recent cosmetic renovations, particularly in the kitchen and bathrooms, which feature modern white shaker cabinets, updated countertops, new flooring, and contemporary fixtures. The interior also benefits from fresh paint and new wood-look flooring throughout. A 'New Roof' is a major capital improvement. While these updates make the property move-in ready, the listing's own analysis points to 'Aging Infrastructure (Excluding Roof)' for other major systems (plumbing, electrical, and potentially HVAC, as evidenced by a window AC unit in one room). This indicates that not all major systems have been updated to the same extent as the cosmetic elements, preventing an 'Excellent' score, but the extensive recent renovations and new roof elevate it beyond 'Fair'.
Year Built
1962
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$793
HOA
-
Days on market
-
Sold On
-
MLS number
ML81994545
Home ConditionGood
Features
View-
About this home
Great investment in Santa Clara with Cupertino Schools. Unit one is like a house, owner unit, ideal for great rental rates with 3 bedrooms, 2 baths, fireplace, enclosed private patio room, indoor laundry, and a 1 car private detached garage, The rest are 2 bedroom 1 bath with private detached 1 car garages, shared laundry. New Roof. rents may appear to be below market. All 4 units are tenant occupied. Close to Santana Row, Valley Fair, the new Apple campus, 280, Stevens Creek, San Tomas Expressway, Lawrence Expressway. Please do not disturb the tenants.
Condition Rating
Good
The property, built in 1962, has undergone significant recent cosmetic renovations, particularly in the kitchen and bathrooms, which feature modern white shaker cabinets, updated countertops, new flooring, and contemporary fixtures. The interior also benefits from fresh paint and new wood-look flooring throughout. A 'New Roof' is a major capital improvement. While these updates make the property move-in ready, the listing's own analysis points to 'Aging Infrastructure (Excluding Roof)' for other major systems (plumbing, electrical, and potentially HVAC, as evidenced by a window AC unit in one room). This indicates that not all major systems have been updated to the same extent as the cosmetic elements, preventing an 'Excellent' score, but the extensive recent renovations and new roof elevate it beyond 'Fair'.
Pros & Cons
Pros
Strong Investment Opportunity: This quadruplex is explicitly marketed as a 'Great investment in Santa Clara' and is a 'Residential Income' property, offering immediate cash flow with all four units currently tenant-occupied.
Prime Silicon Valley Location: The property boasts an excellent location close to major employment centers like the new Apple campus, popular retail/entertainment hubs such as Santana Row and Valley Fair, and convenient access to major freeways (280, Stevens Creek, San Tomas, Lawrence Expressway).
Desirable School District: Located within the highly sought-after Cupertino Schools district, which significantly enhances the property's rental appeal and long-term value.
Diverse Unit Mix & Features: The property offers a flexible unit configuration, including a spacious 3-bedroom, 2-bath 'owner unit' with premium features (fireplace, private patio, indoor laundry, detached garage) and three 2-bedroom, 1-bath units, each with private detached 1-car garages.
Recent Major Capital Improvement: A 'New Roof' has been installed, reducing immediate capital expenditure and maintenance concerns for the prospective buyer.
Cons
Under-Market Rents: The description notes that 'rents may appear to be below market,' indicating that current income is not maximized and a new owner would need to implement rent increases to achieve market rates.
Tenant Access Restrictions: The instruction 'Please do not disturb the tenants' can complicate property showings, inspections, and due diligence processes for potential buyers.
Aging Infrastructure (Excluding Roof): Built in 1962, despite a new roof, other major systems such as plumbing, electrical, and potentially HVAC may be original or dated, suggesting a likelihood of future maintenance or upgrade costs.