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Multifamily

Montecito Apartments

Santa Clara, CA

114 Units

Built in 1970

Value Add

Investment Highlights

  • SIGNIFICANT VALUE-ADD & LOSS-TO-LEASE UPSIDE Owned by the seller since 2006, Montecito Apartments represents an excellent value-add opportunity through the renovation of unit interiors.
  • THRIVING SILICON VALLEY EMPLOYMENT MARKET Santa Clara's strategic Silicon Valley location offers convenient access to top employers such as Apple, Google, Amazon, and Cisco, to name a few.
  • PRIMED FOR ROBUST RENT GROWTH Return to office announcements by key employers such as Apple, Google, and Microsoft will continue to drive rental demand in the short term.

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