Price Reduction | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space or convert the 22,551 SqFt building into residential: Live/Work, Apartments, Co-Living, or Condos – 27 units or more | $240,740 per unit. With the average rent in Santa Clara at $3,062, once converted, the property can be expected to gross $1,000,000 in rents. 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.
Property Details
Price:
$5,900,000
MLS #:
ML81995430
Status:
Active
Beds:
0
Baths:
0
Address:
1793 Lafayette Street
Type:
Single Family
Neighborhood:
699notdefined
City:
Santa Clara
Listed Date:
Feb 25, 2025
State:
CA
Finished Sq Ft:
22,659
ZIP:
95050
Lot Size:
29,185 sqft / 0.67 acres (approx)
Year Built:
1936
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Schools
School District:
Other
Interior
Cooling
Central Air
Exterior
Garage Spaces
45.00
Parking Features
Guest
Parking Spots
45.00
Roof
Other
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1793 Lafayette Street Santa Clara CA
- Area699 – Not Defined
- CitySanta Clara
- CountySanta Clara
- Zip Code95050
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1793 Lafayette Street
Santa Clara, CA
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