flag This property
sold
for
$2,030,000 8 years ago.
2831 Malabar Avenue
Santa Clara,
CA 95051
Great investment opportunity in Santa Clara with Cupertino Schools. Unit number one is like a townhouse, ideal for great rental rates or owner occupied 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. rents may appear to be below market, however, the tenants in units #1 & 4 have given notice. Unit 2 rent is low because the tenant is managing the property, which is why the management cost is $9,000. This is the cost of the management fees of unit #2 in the form of reduced rent. Great opportunity to lease to new tenants at market rates and bring up the cap rate. Close to Santana Row, Valley Fair, the new Apple campus, 280, Stevens Creek, San Tomas Expressway, Lawrence Expressway. Please do not disturb the tenants.
Read More
Listing Agent: Dave Tonna | Office: Compass
Read More