2070 3rd St, Santa Clara, CA 95054

Property Description

**6.59% Cap Rate!** 2070 3rd St presents a rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of Silicon Valley. The building consists of (10) 1BD/1BA units, attracting single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low-density layout with potential for future development. Each unit includes A/C, forced-air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on-site laundry and a brand new roof. The property generates strong cash flow with in-place rents and further upside. Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long-term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed-use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long-term investment performance. This asset offers a compelling mix of steady income and value-add potential in a prime location.