Listing Courtesy Of:
KW Bay Area Estates, 415-347-1658, Stephen Thaddeus Wawryk
Local Realty Services Provided By:
KW Santa Clara Valley
Overview
What It'll Cost
Neighborhood
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$6,500,000
1793 Lafayette Street, Santa Clara, CA 95050
.67
ac
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$6,500,000
1793 Lafayette Street, Santa Clara, CA 95050
Estimation provided by Keller Williams Realty Inc.
.67
ac
Active
For Sale
Property Description
22,551 SqFt Office Building Conversion Opportunity to Residential: Live/Work, Apartments, Co-Living, or Condos up to 24 units | 270,833 per unit.
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. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use.
Buyers are to verify current zoning/building requirements/restrictions with the City of Santa Clara building department.
Assessed Value is a combination of the land and additions.
2023
$61,571
(+182.1%)
$5,305,938
Land 3,118,140 +
Additions 2,187,798
2021
$21,826
(+1.9%)
$5,100,000
Land 3,000,000 +
Additions 2,100,000
2020
$21,419
(+0.07%)
$1,775,410
Land 1,015,349 +
Additions 760,061
2019
$21,404
(+6.81%)
$1,757,206
Land 1,004,938 +
Additions 752,268
2018
$20,040
(+3.11%)
$1,722,752
Land 985,234 +
Additions 737,518
2016
$19,435
$1,655,857
Land 946,977 +
Additions 708,880
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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