Magnify is pleased to present the opportunity to acquire 298 Madison Street, a prime 6-unit building located in the highly desirable city of Santa Clara. Constructed in 1958, the property consists of (1) 3BD/1BA, (1) 2BD/1BA, and (4) 1BD/1BA amounting to 3,312 building square feet. Additional square footage was also converted to livable space in two units and this is not included in county records. The property has nice curb appeal and sits on a large 8,777 square foot lot with strong in-place rents. There is an opportunity to create a 7th unit by converting the large garage into an ADU with a private backyard. The building has dual-pane windows, coin operated laundry, and two units include private patios. The property is less than 1 mile from Santa Clara University and just a short drive from other top attractions including Santana Row and the Pruneyard. It is also located near top tech employers in the Silicon Valley including NVIDIA, AMD, and Applied Materials.
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