1793 Lafayette St Santa Clara , CA 95050

Courtesy of KW Bay Area Estates, Stephen Thaddeus Wawryk 415-347-1658

Description

22,659 Sqft
29,185 Sqft lot
0.67 Acre lot
Co Agent License#: 00954910
Status: Active
Property Type: Other
Year Built: 1936
Days on Website: 132
New Price Improvement 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.

Open House

Property Details and Features

Contact an Agent

Kennedy Ngo

408 889-3519

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