Hanna John Azar

1704 Monroe Street

$1,645,000 1704 Monroe Street, Santa Clara, Santa Clara, CA 95050

1704 Monroe Street is a wonderful Santa Clara triplex situated on an oversized 6,000 SqFt lot one block from City Hall and one mile from Santa Clara University. Unit Mix: One 4-bedroom/1-bathroom flat (approx. 1230 SqFt), (1) 2-bedroom/1-bathroom (approx. 722 SqFt), and (1) 1-bedroom/1-bathroom (approx. 552 SqFt). 

The property has been maintained by the current owner for nearly nineteen years. Opportunity to reposition the property by upgrading the exterior facade and unit kitchens, bathrooms, and flooring, and adding in-unit laundry and recessed lighting to meet the preferences of high-paying technology employees. 

Additionally, the property has the potential to add an ADU unit by converting part of the large parking area into a residential unit. The property is located in close proximity to major technology companies including Intel, Nvidia, Apple, and Applied Materials. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 1704 Monroe Street a great opportunity for both the cash flow and appreciation minded investor.

 
Key Highlights:
  • Located in Close Proximity To Santa Clara University

  • (1) Two-Bed/One-Bath, (1) One-Bed/One-Bath Units and (1) Four-Bed/One-Bath Units

  • 31% Rent Upside Upon Unit Turnover

  • Value Add And Repositioning Opportunity

  • Large Lot with an Abundance of Parking

  • Community Laundry Room

  • Separate Water Heaters

  • Large Lot with ADU Potential

  • For Sale
    Status

Features & Amenities

Area & Lot

  • Status: For Sale

Financial

  • Sales Price: $1,645,000

1704 Monroe Street

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
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