CA > Santa Clara
Santa Clara, CA 95050,1793 Lafayette Street
Santa Clara, CA 95050,1793 Lafayette Street
Santa Clara, CA 95050,1793 Lafayette Street
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by Stephen Thaddeus Wawryk • KW Bay Area Estates
$5,600,000
Est. payment /mo
22,659 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 22,659 sqft

Price per Sqft $247

MLS Listing ID ML81995430

HOA Y/N No

Year Built 1936

Lot Size 0.670 Acres

Property Sub-Type Detached

Source Datashare MLSListings

Property Description

4 minutes from Santa Clara University - 1793 Lafayette St offers a rare opportunity for an Owner/User to utilize the space and convert the 22,551 SqFt building into residential or build brand new: Townhomes, Multifamily, Co-Living, or Live/Work. Recently zoned Medium-Density Residential, the 29,185 SqFt lot allows for 24 units + 8-9 potential ADUs. With the average rent in Santa Clara at $3,062, once converted into multifamily, the property can be expected to gross nearly $1.2M in rents per year. 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. Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.

Location

State CA

County Santa Clara

Interior

Heating Other

Cooling Central Air

Fireplace No

Exterior

Garage Spaces 45.0

Private Pool false

Building

Story 2

Foundation Other

Water Public

Schools

School District Santa Clara Unified, Santa Clara Unified

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Altie Schmitt

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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