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Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates
$ 5,600,000
Est. payment | /mo
22,659 SqFt
$ 5,600,000
Est. payment | /mo
22,659 SqFt
Key Details
Property Type Single Family Home
Sub Type Other Residential
Listing Status Contingent
Purchase Type For Sale
Square Footage 22,659 sqft
Price per Sqft $247
MLS Listing ID ML81995430
Year Built 1936
Lot Size 0.670 Acres
Property Sub-Type Other Residential
Source MLSListings, Inc.
Property Description
4 minutes from Santa Clara University - 1793 Lafayette St 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: Townhomes, Multifamily, Co-Living, or Live/Work. Recently zoned Medium-Density Residential, the 29,185 SqFt lot allows for 24 units + 8-9 potential ADUs. 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.
Location
State CA
County Santa Clara
Area Santa Clara
Zoning Medium Density Residential
Rooms
Family Room Other
Dining Room Other
Interior
Heating Other
Cooling Central AC
Exterior
Parking Features Common Parking Area, Guest / Visitor Parking
Garage Spaces 45.0
Utilities Available Public Utilities, Solar Panels - Owned
Roof Type Other
Building
Foundation Other
Sewer Sewer - Public
Water Public
Others
Tax ID 224-29-021
Special Listing Condition Not Applicable
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