Seller's Agent in 2024
Ismael Benhamida
Compass
(408) 373-6195
1 in this area
42 Total Sales
1704 Monroe St Santa Clara, CA 95050
Downtown Santa Clara Neighborhood
7
Beds
3
Baths
2,920
Sq Ft
5,663
Sq Ft Lot
Highlights
- Balcony
- Storage Room
- Washer and Dryer
- Buchser Middle School Rated A-
- Ceiling Fan
- 4-minute walk to Civic Center Park
About This Home
As of October 2024Wonderful Santa Clara triplex situated on an oversized 6,000 SqFt lot one block from City Hall and one mile from Santa Clara University. Unit Mix: One 4-bedroom/1-bathroom flat (approx. 1230 SqFt), (1) 2-bedroom/1-bathroom (approx. 722 SqFt), and (1) 1-bedroom/1-bathroom (approx. 552 SqFt). The property has been maintained by the current owner for nearly nineteen years. Opportunity to reposition the property by upgrading the exterior facade and unit kitchens, bathrooms, and flooring, and adding in-unit laundry and recessed lighting to meet the preferences of high-paying technology employees. Additionally, the property has the potential to add an ADU unit by converting part of the large parking area into a residential unit. The property is located in close proximity to major technology companies including Intel, Nvidia, Apple, and Applied Materials. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 1704 Monroe Street a great opportunity for both the cash flow and appreciation minded investor.
Property Details
Home Type
- Multi-Family
Year Built
- 1920
Lot Details
- 5,663
Home Design
- Triplex
- Reinforced Concrete Foundation
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,920 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Storage Room
- Washer and Dryer
- Carpet
- Oven or Range
Parking
- 5 Parking Spaces
- Uncovered Parking
- Off-Street Parking
Outdoor Features
- Balcony
Utilities
- Heating System Uses Gas
- Separate Meters
- Sewer Within 50 Feet
Listing and Financial Details
- Total Actual Rent $80,220
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $3,500
- Maintenance Expense $3,000
- Utility Expense $4,200
- Operating Expense $30,153
- Gross Income $78,783
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Oct 10, 2024
Sold by
Bought by
Seller's Agent
Ismael Benhamida
Compass
Buyer's Agent
DINA UY
Genesis Homes & Associates
List Price
$1,645,000
Sold Price
$1,430,000
Premium/Discount to List
-$215,000
-13.07%
Views
71
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,500
Interest Rate
0.0635%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 8, 2018
Sold by
Bought by
Purchase Details
Closed on
Dec 5, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
0.0327%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
0.0563%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 27, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,430,000 | First American Title | ||
| -- | None Available | ||
| -- | First American Title Company | ||
| $750,000 | Alliance Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,125,000 | ||
| Closed | $1,072,500 | ||
| Previous Owner | $521,250 | ||
| Previous Owner | $525,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2024 10/17/24 | Sold | $1,430,000 | -8.9% | $490 / Sq Ft |
| 09/04/2024 09/04/24 | Pending | -- | -- | -- |
| 07/08/2024 07/08/24 | Price Changed | $1,570,000 | -4.6% | $538 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $1,645,000 | -- | $563 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,834 | $1,430,000 | $850,000 | $580,000 |
| 2024 | $11,834 | $1,004,826 | $602,898 | $401,928 |
| 2023 | $11,716 | $985,125 | $591,077 | $394,048 |
| 2022 | $11,527 | $965,810 | $579,488 | $386,322 |
| 2021 | $11,483 | $946,874 | $568,126 | $378,748 |
| 2020 | $11,274 | $937,166 | $562,301 | $374,865 |
| 2019 | $11,261 | $918,791 | $551,276 | $367,515 |
| 2018 | $10,538 | $900,776 | $540,467 | $360,309 |
| 2017 | $10,487 | $883,115 | $529,870 | $353,245 |
| 2016 | $10,257 | $865,800 | $519,481 | $346,319 |
| 2015 | $10,218 | $852,795 | $511,678 | $341,117 |
| 2014 | $9,717 | $836,090 | $501,655 | $334,435 |
Source: Public Records
Agents Affiliated with this Home
-
Ismael Benhamida
-
Hanna John Azar
Seller Co-Listing Agent in 2024
Hanna John Azar
Compass
(650) 314-7200
1 in this area
21 Total Sales
-
DINA UY
D
Buyer's Agent in 2024
DINA UY
Genesis Homes & Associates
(408) 561-2490
1 in this area
22 Total Sales
Map
Source: MLSListings
MLS Number: ML81965474
APN: 224-25-051
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