2070 3rd St presents a rare opportunity to acquire a well-maintained 10-unit multifamily property in the heart of Silicon Valley. The building consists of (10) 1BD/1BA units, attracting single professionals and couples in the area. It offers 4,632 square feet of rentable space on a 12,500 square foot lot, providing a low-density layout with potential for future development. Each unit includes A/C, forced-air heating, dual pane windows, and a separate water heater, offering comfort and energy efficiency. Additional features include on-site laundry and a brand new roof. The property generates strong cash flow with in-place rents and further upside.
Located near major tech employers such as Intel, Nvidia, Oracle, and Levi's Stadium, the property benefits from strong rental demand, low vacancy rates, and long-term growth. Additionally, the property is just a few blocks from Related Santa Clara, the 240 Acre and 9.2M square foot planned mega development of mixed-use real estate. With close proximity to highways (101, 880, 237), public transportation, retail, and dining, the property is ideally positioned for tenant convenience and long-term investment performance. This asset offers a compelling mix of steady income and value-add potential in a prime location.
Listed by Will Tharp
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License #01984173
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Magnify Real Estate
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650-918-0742
Last updated August 19, 2025
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Source: MLSListings #ML82013844
Listing Facts
TypeMulti-family
NeighborhoodNorth 101
Days on Prevu61
Size4,632 sqft
Price per sqft$623
Amenities
Pets Allowed
Location
Mortgage Calculator
Listing History
08/19/2025
Price Decreased
$2,888,000
07/08/2025
Listed by Magnify Real Estate
$2,998,000
Property Details for 3rd
Association
General
Number Of Units In Community: 10
Exterior
Construction
Roof: Composition
Year Built: 1957
Measurements
Building Area Total: 4,632
Lot Size Acres: 0.28
Lot Size Area: 12,500
Lot Size Square Feet: 12,500
Financial
Taxes
Parcel Number: 104-10-043
Interior
Features
Flooring: Hardwood, Laminate, Tile
Measurements
Living Area: 4,632
Parking
Parking
Carport: Yes
Parking Features: On Street
Schools
Elementary School
Elementary School District: Santa Clara Unified
High School
High School District: Santa Clara Unified
Utilities
Equipment
Cooling: Central Forced Air
Heating: Central Forced Air
Sewer: Public Sewer
Utilities: Water - Public
Water Source: Public
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