Homestead Apartments

2705 Homestead Road, Santa Clara, CA 95051

Property Information

  • For Sale $6,200,000
  • Property Type Multi-Family
  • Property Size 18,888 SF
  • Units 19
  • Lot Size 0.44 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1960
  • Date Updated Apr 16, 2026

Description

Discover the prime investment potential of the Silicon Valley. This vibrant area is renowned for its dynamic job market, thanks to being home to the global headquarters of tech giants like Apple, Google, Facebook, Nvidia and countless others. With a strong demand for housing and a bustling economy, the area presents an exciting opportunity for multifamily investors. This property offers convenient access to shopping and dining directly across the street. Escape to nearby Central Park offering 52 acres of recreation including playgrounds, athletic courts/fields, swimming pool, picnic areas and barbeques. Just across from Central Park is the Community Recreational Center. The Central Park Library is just steps away from the property along Homestead Road. Santa Clara University, Santana Row and Westfield Valley Fair Mall are all nearby. The property offers the chance to tap into a thriving community and capitalize on the region's continued growth and desirability.Introducing a prime investment opportunity in the heart of Santa Clara, CA. This property boasts an 18,888 SF building with 19 units, all 100% occupied. Built in 1960 and zoned R3, this ideal multifamily/low-rise/garden property offers a solid investment in the sought-after Silicon Valley. With its impressive occupancy rate and prime location, this property promises exceptional returns and long-term potential. Don't miss the chance to acquire this lucrative investment in the thriving Santa Clara market.

Highlights

  • 1 Bedroom/1 Bath - 12 Units
  • 19 Unit Multi-Family Investment
  • 2 Bedroom/1 Bath - 6 Units
  • Below Market Rents
  • Covered Parking Spaces
  • Current Cap Rate: 4.87%
  • Current GRM: 14.43
  • Gross Square Footage: 18,888
  • Large Recreational Park 1 Block Away
  • Lot Size: 0.44 Acres
  • Major High Tech Employment Hub
  • Major Shopping Center Directly Across the Street
  • On-Site Laundry Facilities for Additional Income
  • Price per Square Foot: $328.251
  • Price per Unit: $326,316
  • Pro Forma Cap Rate: 5.90%
  • Pro Forma GRM: 10.80
  • Studio - 1 Unit
  • Superior Location in the Heart of Silicon Valley
  • Type of Ownership: Fee Simple

Contacts

Tony Odom

Compass Commercial - San Francisco & Los Angeles

Location

Contact Listing Broker
Tony Odom

Compass Commercial - San Francisco & Los Angeles

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