1793 Lafayette St Santa Clara, CA 95050
Downtown Santa Clara NeighborhoodEstimated payment $36,200/month
Highlights
- 0.67 Acre Lot
- Gated Home
- 5-minute walk to Raymond Gamma Dog Park
- Buchser Middle School Rated A-
About This Lot
New Price Improvement | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space with the option of converting 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
Property Type
- Land
Est. Annual Taxes
- $62,195
Lot Details
- 0.67 Acre Lot
- Gated Home
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $62,195 | $5,305,938 | $3,118,140 | $2,187,798 |
| 2023 | $61,571 | $5,202,000 | $3,060,000 | $2,142,000 |
| 2022 | $60,577 | $5,100,000 | $3,000,000 | $2,100,000 |
| 2021 | $21,826 | $1,775,410 | $1,015,349 | $760,061 |
| 2020 | $21,419 | $1,757,206 | $1,004,938 | $752,268 |
| 2019 | $21,404 | $1,722,752 | $985,234 | $737,518 |
| 2018 | $20,040 | $1,688,973 | $965,916 | $723,057 |
| 2017 | $19,936 | $1,655,857 | $946,977 | $708,880 |
| 2016 | $19,435 | $1,623,390 | $928,409 | $694,981 |
| 2015 | $19,356 | $1,599,006 | $914,464 | $684,542 |
| 2014 | $18,441 | $1,567,684 | $896,551 | $671,133 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Price Changed | $5,600,000 | -5.1% | -- |
| 05/07/2025 05/07/25 | Price Changed | $5,900,000 | -9.2% | -- |
| 09/13/2024 09/13/24 | For Sale | $6,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $550,000 | None Listed On Document | |
| Grant Deed | $550,000 | Teuninck & Debishoppe | |
| Interfamily Deed Transfer | -- | Stewart Ttl Guaranty Co Com | |
| Grant Deed | $5,100,000 | Stewart Ttl Guaranty Co Com | |
| Grant Deed | $1,530,000 | First American Title Company | |
| Trustee Deed | $235,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $4,600,000 | Purchase Money Mortgage | |
| Previous Owner | $2,310,000 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $770,000 | Commercial |
Source: MLSListings
MLS Number: ML81995434
APN: 224-29-021
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