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Deanza West 10075 Santa Clara Avenue, Cupertino, CA 95014
Property Description
Wonderful low maintenance 5 unit income property in Cupertino. Great schools, easy access to shopping, De Anza College, Apple campus, restaurants and transportation. Fresh exterior paint and many up grades. Coin op shared laundry, bike storage, private storage closets, rear patio. Close to Hwy 85 and Stevens Creek. Separate Meters. 3 units at ground level, 2 units on second floor. Off street assigned parking spaces.
Area Description
Small residential community, Close to downtown Cupertino and Apple, A+ schools and easy access to Hwy 85, Hwy 237, Stevens Creek Blvd.
Highlights
100 % occupied and a quiet residential neighborhood. Off street parking, Bike parking, Individual storage closets and on site laundry.
Full Address: 10075 Santa Clara Avenue, Cupertino, CA 95014
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: C
Zoning: Residential - non conforming
Region: W-WP
County: Santa Clara County
Closest Cross Streets: Stevens Creek and Hwy 85
Use Type: Residential
Property ID: 4040002
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Power: Yes
Has Broadband: Yes
Heating: Yes
Lighting: Yes
Has Gas: Yes
Landscape: Yes
Building Construction: wood frame
Roof: comp shingle
Building Sf: 2616
Parcel Num: 326-25-010
Number Units: 5
Number Buildings: 1
Year Built: 1958
Year Renovation: 2019
Free Standing: Yes
Number Parking Spaces: 5
Cap Rate: 3.5
Tenancy Type: Single-Tenant
100 % occupied and a quiet residential neighborhood. Off street parking, Bike parking, Individual storage closets and on site laundry.
Average Monthly Rent - 10067 First floor, large unit: 2000
Average Monthly Rent - 10069 First floor, standard unit: 1878
Average Monthly Rent - 10071 First floor, standard unit, not renovated: 1500
Average Monthly Rent - 10073 Second floor, standard unit: 1875
Average Monthly Rent - 10075 Second floor, standard unit: 1906
Consider Exchange: 1
D Loan Description: ARV can be 2.2M Needs one more unit renovated. Self manage and lower taxes , increase rents will increase your cap rate over 4%
Cash Flow Type: Actual
Cf Op Expenses: 45975
Cf Pre Tax: 113508
Cf Year: 2023
Cf Net Op Income: 64352
Debt Type: Actual
Cf Vacancy: 3