For sale
  • Price cut: $300K (6/5)
    $5,600,000

    1793 Lafayette St, Santa Clara, CA 95050

    0beds
    --baths
    22,659sqft
    : 
    Other
    Built in 1936
    0.67 Acres Lot
    $-- Zestimate®
    $247/sqft
    $-- HOA

    What's special

    New roof
    1793 Lafayette St, Santa Clara offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Condos, Apartments, Co-Living, or Live/Work. Medium-Density Residential zoning allows for 24 units + 8-9 potential ADUs - priced at $175k per unit. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
    183 days
    on Zillow
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    698
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