Homes for sale - 1793 Lafayette ST, Santa Clara, CA 95050

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates

$5,900,000

Est. payment - /mo

0.67 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81995434

Lot Size 0.670 Acres

Property Sub-Type Residential Development Land

Source MLSListings, Inc.

Property Description

Price Reduction | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space with the option of converting the 22,551 SqFt building into residential: Live/Work, Apartments, Co-Living, or Condos - 27 units or more | $240,740 per unit. With the average rent in Santa Clara at $3,062, once converted, the property can be expected to gross $1,000,000 in rents. 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. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use.

Location

State CA

County Santa Clara

Area Santa Clara

Zoning Medium Density Residential

Exterior

Fence Gate

Utilities Available Public Utilities

Building

Lot Description Regular

Sewer Sewer - Public

Water Public

Others

Tax ID 224-29-021

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1793 Lafayette ST Santa Clara, CA 95050

JLee Broker

Key Details

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