$3,525,000

Magnify is pleased to offer 450 California Street in Santa Clara, which presents an opportunity to acquire a rare turnkey asset with (8) 2 Bedroom units in a top Silicon Valley rental market. Built in 1959 and extensively renovated in 2016, the property offers 5,838 square feet of building space on a 7,900 square foot lot. The recent renovations enhance the appeal of the asset, providing modernized interiors and updated building systems including copper/ABS plumbing, dual pane windows, and upgraded electrical systems that reduce maintenance costs and attract quality tenants. With strong in-place fundamentals and further upside, this asset is ideal for investors seeking stable cash flow and long-term appreciation in Silicon Valley. Strategically located in the heart of Santa Clara, the property is within a 10-minute drive of key lifestyle and employment hubs including Santa Clara University, Westfield Valley Fair, Santana Row, and Levis Stadium. It also benefits from proximity to major tech employers such as Nvidia, Intel, Oracle, and the Apple Park campus. The area is well-connected by Caltrain, VTA light rail, and major highways, offering residents convenient access to the broader Bay Area.