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$ 5,600,000
Est. payment /mo
Active
1793 Lafayette Street Santa Clara, CA 95050
22,659 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 22,659 sqft
Price per Sqft $247
MLS Listing ID ML81995430
HOA Y/N No
Year Built 1936
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Santa Clara
Zoning Medi
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Garage Spaces 45.0
Private Pool false
Building
Story 2
Foundation Other
Level or Stories Two Story
New Construction No
Schools
School District Santa Clara Unified
Others
Tax ID 22429021
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Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates