$4,745,000

2305 & 2315 Monroe is a two-parcel 16-unit apartment complex located in highly desirable Santa Clara, California. Ideally located right near the headquarters of major tech companies such as Intel, ServiceNOW and the brand new NVIDIA Headquarters, this investment property contains two separate parcels; 2305 Monroe (12-units), and 2315 Monroe (4-units) for a combined 16-units and approximately 10,015 sqft of rentable space. Situated on a combined 19,602 sqft lot, the unit mix consists of one (1) three-bedroom/two-bath unit, one (1) two-bedroom/two-bath unit, one (1) two-bedroom/1.5-bath unit, four (4) two-bedroom/one-bath units, and nine (9) one-bedroom/one-bath units. Tenant amenities on site include a pool and two private laundry rooms with coin-operated washer/dryers for additional income. The property has ample off-street designated parking with twelve (12) covered carport stalls with personal storage, three (3) enclosed garages, and four (4) additional uncovered parking spaces on-site. -- There is massive upside in the rents, new exterior paint, and a new roof on the larger structure installed in 2020. -- Because this property is a fourplex and a twelve-unit, no on-site manager is required.