$2,180,000
SOLD MAY 15, 2025

640 Harrison St Santa Clara, CA 95050

Downtown Santa Clara Neighborhood
8 Beds
4 Baths
3,041 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$717 Per Sq Ft

18 Days on Market

Highlights

  • Victorian Architecture
  • Loft
  • Granite Countertops
  • Westwood Elementary School Rated A
  • High Ceiling
  • Walk-In Closet

About This Home

As of May 2025

Skip the volatility of the stock market and invest in a fixed asset with predictable income. This Santa Clara triplex features 8 bedrooms and 4 bathrooms, and starting July 1st, generates $12,000/month on a 12-month lease with a strong 5.12% cap rate and tenants covering all utilities. Hello, instant cash flow! Recent renovations include new flooring throughout, updated kitchen cabinets with granite and quartz countertops, modern bathroom vanities, new fixtures, and copper plumbing for long-term value. Located directly across from the Santa Clara Caltrain station and future BART stop, and just a short walk to Santa Clara University, this property is perfectly positioned for consistent rental demand in a high-growth area. Predictable income. Prime location. Upside potential.

Last Agent to Sell the Property

Collin Forgey

JMK Investments License #01992203 Listed on: 04/10/2025

Last Buyer's Agent

Laura Kreguer

Asset Locale, Inc License #01890091

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Home Design

  • Triplex
  • Victorian Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 3,041 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Loft
  • Crawl Space

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 5 Parking Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $144,000

Community Details

Overview

  • 3,041 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,904
  • Maintenance Expense $1,000
  • Operating Expense $26,591
  • Gross Income $139,680

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Triplex
  • Style: Victorian
  • Age: 125
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3041
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Cooktop - Gas, Garbage Disposal, Microwave, Cooktop - Electric, Refrigerator
  • Living Sq Ft: 3041
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Tile, Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Loft, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: On Street, Parking Area

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Wall Furnace, Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet, High Ceiling

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.19
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3904
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Total: 26591
  • Income Annual Gross: 139680.00
  • Income Annual Rental: 144000
  • Income Gross Scheduled: 144000
  • Income Includes: Rents
  • Meters: Separate Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 3

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $2,180,000 -0.4% $717 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $2,188,000 -- $720 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Collin Forgey

    Seller's Agent in 2025

    Collin Forgey

    JMK Investments

    (408) 249-2500

    4 in this area

    6 Total Sales

    Collin Forgey
    Section Image

  • L

    Buyer's Agent in 2025

    Laura Kreguer

    Asset Locale, Inc

    (408) 410-5242

    2 in this area

    7 Total Sales

    Laura Kreguer
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML82001940

MLSListings

APN: 230-07-048

California Santa Clara County Santa Clara 95050 Downtown Santa Clara

640 Harrison St, Santa Clara, CA

This home is located at 640 Harrison St, Santa Clara, CA 95050 and is currently priced at $2,180,000, approximately $716 per square foot. This property was built in 1900. 640 Harrison St is a home located in Santa Clara County with nearby schools including Westwood Elementary School, Buchser Middle School, and Santa Clara High School.

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