Property Description

Price Reduction | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space or convert 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.

Features
: Other
45
: Guest
: Other
Address Map
CA
Santa Clara
Santa Clara
95050
1793 Lafayette Street
0
W122° 3' 10''
N37° 21' 26.9''
MLS Addon
KW Bay Area Estates
Stephen Thaddeus Wawryk
stephen.wawryk@kw.com
: Other
: Two Story
MLL5093371
MLL5079234
MLL89184
: Public

Residential For Sale

1793 Lafayette Street, Santa Clara, California 95050

22,659 Sqft
$5,900,000
Listing ID #ML81995430
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : ML81995430
Price : $5,900,000
Square Footage : 22,659 Sqft
Year Built : 1936
Lot Area : 29,185 Sqft
Bathrooms Total : 0
Status : Active
Property SubType : Single Family Home
Agent info
Michael Roberts
Contact Agent