Santa Clara, CA 95050,1793 Lafayette ST
Santa Clara, CA 95050,1793 Lafayette ST
Santa Clara, CA 95050,1793 Lafayette ST
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$5,900,000
Est. payment /mo
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22,659 SqFt
Price Dropped by $600K

1793 Lafayette ST Santa Clara, CA 95050

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,659 sqft

Price per Sqft $260

MLS Listing ID ML81995430

HOA Y/N No

Year Built 1936

Lot Size 0.670 Acres

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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning Medium Density Residentia

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Guest

Garage Spaces 45.0

Garage Description 45.0

View Y/N No

Roof Type Other

Attached Garage No

Total Parking Spaces 45

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Other

Others

Tax ID 22429021

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates

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agent

Jin Ro

Broker Associate | License ID: 01826936

+1(949) 365-6457

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1793 Lafayette ST