$5,600,000
$900K PRICE DROP

Estimated payment $35,019/month

Total Views 50,678
-- Bed
-- Bath
22,659 Sq Ft
$247 Price per Sq Ft

Highlights

  • 0.67 Acre Lot
  • Solar owned by seller
  • Central Air
  • Buchser Middle School Rated A-
  • Guest Parking
  • 5-minute walk to Raymond Gamma Dog Park

About This Home

Call for Offers - Tuesday, 9/16 @ 12 pm 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.

Listing Agent

Stephen Wawryk

KW Bay Area Estates License #02140544 Listed on: 09/13/2024

KW Bay Area Estates

Co-Listing Agent

Danielle Davenport

KW Bay Area Estates License #00954910

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $62,195

Year Built

  • Built in 1936

Lot Details

  • 0.67 Acre Lot
  • Zoning described as Medium Density Residential

Parking

  • 45 Car Garage
  • Guest Parking

Interior Spaces

  • 22,659 Sq Ft Home
  • 2-Story Property

Additional Features

  • Solar owned by seller
  • Central Air

Community Details

Listing and Financial Details

  • Assessor Parcel Number 224-29-021

Property Details

Property Type

Other

Est. Annual Taxes

$62,195

Year Built

Built in 1936

Lot Details

0

Parking

45

Listing Details

  • Age: 89
  • Listing Class: Residential
  • Structure Sq Ft: 22659
  • Year Built: 1936
  • Zoning Description: Medium Density Residential
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Living Sq Ft: 22659
  • Stories: 2

Garage/Parking

  • Garage Spaces: 45
  • Garage Max: 45
  • Garage Min: 45
  • Garage Parking Features: Common Parking Area, Guest / Visitor Parking

Utilities

  • Cooling System: Central AC
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Clara Unified

Lot Info

  • Parcel Number: 224-29-021
  • Lot Acres: 0.6700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 29185.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 29185.00

Multi Family

  • Utilities: Public Utilities, Solar Panels - Owned

MLS Schools

  • High School District Text: Santa Clara Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $62,195 $5,412,055 $3,180,502 $2,231,553
2024 $62,195 $5,305,938 $3,118,140 $2,187,798
2023 $61,571 $5,202,000 $3,060,000 $2,142,000
2022 $60,577 $5,100,000 $3,000,000 $2,100,000
2021 $21,826 $1,775,410 $1,015,349 $760,061
2020 $21,419 $1,757,206 $1,004,938 $752,268
2019 $21,404 $1,722,752 $985,234 $737,518
2018 $20,040 $1,688,973 $965,916 $723,057
2017 $19,936 $1,655,857 $946,977 $708,880
2016 $19,435 $1,623,390 $928,409 $694,981
2015 $19,356 $1,599,006 $914,464 $684,542
2014 $18,441 $1,567,684 $896,551 $671,133
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $5,600,000 -5.1% --
05/07/2025 05/07/25 Price Changed $5,900,000 -9.2% --
09/13/2024 09/13/24 For Sale $6,500,000 -- --
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $550,000 None Listed On Document
Grant Deed $550,000 Teuninck & Debishoppe
Interfamily Deed Transfer -- Stewart Ttl Guaranty Co Com
Grant Deed $5,100,000 Stewart Ttl Guaranty Co Com
Grant Deed $1,530,000 First American Title Company
Trustee Deed $235,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,600,000 Purchase Money Mortgage
Previous Owner $2,310,000 Commercial
Previous Owner $500,000 Commercial
Previous Owner $770,000 Commercial
Source: Public Records

Source: MLSListings

MLS Number: ML81995430

MLSListings

APN: 224-29-021