920 Clyde Avenue, Santa Clara, California 95054, Santa Clara, - bed, bath

home-pic
ACTIVE$2,300,000
920 Clyde Avenue, Santa Clara, California 95054
0Bed
0Bath
4,371Sqft
10,710Lot
Year Built
1963
Close
-
List price
$2.3M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81994390
Home ConditionGood
Features
View-

About this home

OWNER USERS!!!!!!! Welcome to this stunning 4,371 sq ft triplex/apartment home located in the vibrant city of Santa Clara. The owner's unit features modern flooring throughout, adding a touch of sophistication to every room. For your convenience, there is an onsite laundry area. The apartment homes are located within the Santa Clara Unified School District. Don't miss the opportunity to own this beautiful property in a prime location! The property has upgraded interiors , central AC and forced air heating. The windows have been upgraded. The property benefits from mature landscaping and has excellent curb appeal. The property is located in the center of Silicon Valley - Major employments hubs, transportation and national retailers are all minutes away. The City of Santa Clara does not have rent control but the property is governed by AB 1482- Under 1482, a new owner would be allowed to raise rents 5% plus CPI per year. The City of Santa Clara has their own utility company . The City of Santa Clara allows a landlord to recapture RUBS. The pipeline for new market rate MF housing is almost zero due to high construction costs. The demand for apartments is increasing.

Price History

Date
Event
Price
08/26/25
Price Change
$2,300,000
02/17/25
Listing
$2,500,000
Condition Rating
Good

Built in 1963, this triplex has undergone significant updates, including upgraded interiors, modern flooring, central AC, and upgraded windows, making it move-in ready. The bathroom features modern tile and an updated vanity. While the kitchen is functional and clean with a modern refrigerator, its cabinets and countertops are not high-end or ultra-modern, preventing an 'excellent' rating. Overall, major systems are updated and well-maintained.
Pros & Cons

Pros

Strategic Silicon Valley Location: Centrally located in Silicon Valley, offering unparalleled access to major employment hubs, transportation, and national retailers, ensuring high tenant demand.
Income-Generating Triplex: A multi-unit residential income property (triplex) with 4,371 sq ft, ideal for investors or owner-users seeking multiple income streams in a high-demand rental market.
Extensive Property Upgrades: Features modern flooring, upgraded interiors, central AC, forced air heating, and upgraded windows, reducing immediate capital expenditure for a new owner.
Favorable Rental Regulations: Santa Clara does not have rent control (only AB 1482 applies, allowing 5% + CPI increases) and permits RUBS, providing excellent rent growth potential and operational flexibility.
Strong Market Fundamentals: The low pipeline for new market-rate multi-family housing combined with increasing demand for apartments indicates robust long-term appreciation and occupancy prospects.

Cons

Property Age: Built in 1963, which, despite mentioned upgrades, may imply potential for older underlying infrastructure (e.g., plumbing, electrical beyond what's upgraded) that could require future attention.
Limited Unit-Specific Information: The description lacks detailed breakdowns of individual unit configurations (e.g., bed/bath count per unit) and current rent rolls, which are crucial for comprehensive investor due diligence.
Potential Vacancy for Owner-User: The strong emphasis on 'OWNER USERS!!!!!!!' suggests one unit may be vacant or delivered vacant, potentially impacting immediate rental income for a pure investor until a new tenant is secured.

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