2868 Homestead Rd, Santa Clara, CA 95051

Off Market Aug 2025 for $6M

—

Est. refi paymentEst. refi $38,683/mo

•

16,196

sq ft

2868 Homestead Rd, Santa Clara, CA 95051

About this home

Marcus & Millichap is pleased to present 2868 Homestead Road, a rare and desirable 15 unit townhome style apartment community offering investors a premium opportunity in one of Silicon Valleys most sought after submarkets. The property features thirteen 2 bedroom, 2.5 bathroom townhomes, one spacious 3 bedroom, 2.5 bathroom townhome, and one efficiency studio unit, providing a diverse and highly rentable configuration. Each unit includes central air conditioning and forced air heating, adding meaningful comfort and long term value. The townhome style layout serves as a major differentiator, offering multilevel living, private entrances, and increased space, which supports stronger rental income compared to traditional apartment units and appeals to a growing tenant base seeking more privacy and a higher quality living experience.

Multi-familyProperty Type

1965Year Built

0.7 acresLot Size

$370Price/Sq.Ft.

14 car garageParking

Listed by Jimmy Castellanos •DRE #02024152 • Marcus & Millichap

Listed by AJ Decristoforo •DRE #02162593 • Marcus & Millichap

Contact: 408-483-5040

Bought with AJ Decristoforo •DRE #02162593 • Marcus & Millichap

Redfin checked: 2 minutes ago

•Source:MLSListings #ML82011327

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 95051, CA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

105.9%

0.5% MoM

Median sale price

$1.9M

$6K MoM

Avg. days on market

13d

2 days MoM

Recently sold homes

111

3 MoM

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See all

Provided by Redfin

Sale history for 2868 Homestead Rd

Date

Event

Price

MLSListings #ML82011327

Aug 1, 2025

Sold

$6,000,000

$370/sq ft

Aug 1, 2025

Sold

$6,000,000

$370/sq ft

Jun 20, 2025

Pending

—

Jun 20, 2025

Pending

—

Jun 17, 2025

Listed

$6,000,000

$370/sq ft

Jun 17, 2025

Listed

$6,000,000

$370/sq ft

RENT. #1

Nov 20, 2022

Rental Removed

—

Year

Property tax

Land + Additions

Assessment*

2025

$79,576 (+3.9%)

$4,550,000 + $1,450,000

$6,000,000

2024

$76,604 (+897.7%)

$4,754,211 + $1,931,398

$6,685,609

2023

$7,678 (+1.4%)

$4,660,992 + $1,893,528

$6,554,520

2022

$7,570 (+0.5%)

$102,359 + $509,785

$612,144

2021

$7,530 (+1.9%)

$100,352 + $499,790

$600,142

2020

$7,391

$98,385 + $489,991

$588,376

2019

$7,386 (+6.6%)

$97,377 + $484,967

$582,344

2018

$6,929 (+0.6%)

$95,468 + $475,458

$570,926

2017

$6,890 (+1.8%)

$91,762 + $456,997

$548,759

2016

$6,766 (+0.4%)

$91,762 + $456,997

$548,759

2015

$6,736 (+5.0%)

$89,963 + $448,037

$538,000

2014

$6,413 (+0.3%)

$86,877 + $432,664

$519,541

2012

$6,395 (+4.5%)

$86,485 + $430,709

$517,194

2011

$6,118 (+3.0%)

$84,790 + $422,264

$507,054

2010

$5,940 (−1.9%)

$83,128 + $413,985

$497,113

2009

$6,053 (+3.7%)

$82,507 + $410,891

$493,398

2008

$5,839

$81,083 + $403,793

$484,876

Tax history for 2868 Homestead Rd

Year

Property tax

Land + Additions

Assessment*

2025

$79,576 (+3.9%)

$4,550,000 + $1,450,000

$6,000,000

2024

$76,604 (+897.7%)

$4,754,211 + $1,931,398

$6,685,609

2023

$7,678 (+1.4%)

$4,660,992 + $1,893,528

$6,554,520

2022

$7,570 (+0.5%)

$102,359 + $509,785

$612,144

2021

$7,530 (+1.9%)

$100,352 + $499,790

$600,142

2020

$7,391

$98,385 + $489,991

$588,376

2019

$7,386 (+6.6%)

$97,377 + $484,967

$582,344

2018

$6,929 (+0.6%)

$95,468 + $475,458

$570,926

2017

$6,890 (+1.8%)

$91,762 + $456,997

$548,759

2016

$6,766 (+0.4%)

$91,762 + $456,997

$548,759

2015

$6,736 (+5.0%)

$89,963 + $448,037

$538,000

2014

$6,413 (+0.3%)

$86,877 + $432,664

$519,541

2012

$6,395 (+4.5%)

$86,485 + $430,709

$517,194

2011

$6,118 (+3.0%)

$84,790 + $422,264

$507,054

2010

$5,940 (−1.9%)

$83,128 + $413,985

$497,113

2009

$6,053 (+3.7%)

$82,507 + $410,891

$493,398

2008

$5,839

$81,083 + $403,793

$484,876

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.7 Acres

Year renovated

1965

Sq. Ft.

16,196

Year built

1965

Style

Multi-Family (5+ Unit)

County

Santa Clara County

APN

29325034

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 22, 2026.

MUNC

Mixed Use-Neighborhood Commercial Zone

The purpose of the MU-NC Mixed Use Neighborhood Commercial Zone is to provide land areas for the construction, use, and occupancy for pedestrian oriented developments that focus on neighborhood-serving commercial uses (e.g., coffee shops, grocery stores, retail establishments). It is the intent of this zone to provide a mix of residential and commercial uses, with residential on the upper floors and commercial on the lower floors, as well as, stand-alone uses in certain circumstances. This zone has a minimum FAR of 0.1. The allowable residential density range is 20-36 dwelling units per acre.

Permitted uses

Include but are not limited to:

Bank
Day care facility
General retail
Restaurant
Housing-Multiple units
Housing-Senior
Housing-Other
Hotel / motel
Mixed use
Office

Property details

Parking

Parking Information
Parking Description: Common Parking Area, Detached, Uncovered Parking
Garage Spaces: 14
Parking Spaces: 6

Interior

Heating & Cooling Information
Cooling: Window/Wall Unit
Heating: Wall Furnace

Multi-Unit Information
# of Units in Complex (Minimum): 15
Annual Rental Income: $490,740
Annual Gross Income: $483,002
Gross Rent Multiplier: 12.05
Gross Scheduled Income: $497,940
Other Income: $7,200
Other Expenses: $12,313
Total Expenses: $170,109
Vacancy Factor: 3

Unit Type 1 Information
# of Bedrooms: 2
# of Units (Total): 13
# of Baths (Full): 2
# of Baths (1/2): 1
Rent: $2,550

Unit Type 2 Information
# of Bedrooms: 3
# of Units (Total): 1
# of Baths (Full): 2
# of Baths (1/2): 1
Rent: $3,245

Unit Type 3 Information
# of Units (Total): 1
# of Baths (Full): 1
Rent: $1,400

Exterior

Exterior Features
Roof: Composition

Building Information
# of Buildings: 3
Subclass: 5+ Units
Construction Type: Wood Frame
Concrete Perimeter

Property Features
Living Sq. Ft.: 16,196

Property Information
Ownership Type: Trust
Property Primary ID: 730790
Tenant Expenses: Utilities (Electric), Utilities (Gas)

Land Information
Landscape Expense: $6,000

Lot Information
Lot Acres: 0.6991
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R1E3

Financial

Tax/Assessment Information
Annual Tax Amount: $69,426
City Transfer Tax: Yes

Utilities

Utility Information
Meters: Primary Water, Separate Electric, Separate Gas
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters, Individual Gas Meters
Trash Expense: $8,199
Utility Expenses: $24,510

Water Information
Water: Public

Location

School Information
Elementary School: Sutter Elementary
Elementary School District: Santa Clara Unified
Middle School: Buchser Middle
High School: Santa Clara High
High School District: Santa Clara Unified

Public facts

Beds: —
Baths: —
Sq. Ft.: 16,196
Stories: 2.0
Lot Size: 0.7 acres
Style: Multi-Family (5+ Unit)
Year Built: 1965
Year Renovated: 1965
County: Santa Clara County
APN: 29325034

Home facts updated by county records on Aug 22, 2026

Other

Miscellaneous Information
Incorporated: Yes

Around this home

Schools

Sutter Elementary School

Public K-5 • Assigned • 0.5mi

7/10

Buchser Middle School

Public 6-8 • Assigned • 2.0mi

8/10

Santa Clara High School

Public 9-12 • Assigned • 0.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The Santa Clara housing market remains competitive, with homes receiving an average of four offers. Over the past three months, the median home price was $1.7M, down 3.5% year over year. Current market conditions may provide buyers with more...
4 weeks ago • Santa Clara
Fifi Li
Redfin Premier agent
121 deals
Was this helpful?
Santa Clara’s summer market is highly competitive. While a seasonal rise in inventory gives buyers a bit more leverage to negotiate on homes needing updates, pristine, turnkey properties still spark immediate bidding wars. Coming in with a strong,...
2 months ago • Santa Clara
Johnny Singh
Redfin Premier agent
146 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 93° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

13 unhealthy days expected this year, 14 days in 30 years

Provided by First Street

Historical weather

Santa Clara, CA • 95051

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.4 hours in June and 4.8 hours in December, placing it above the U.S. average for solar exposure.

11.4 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 2868 Homestead Rd

Data from public records.

Address	Redfin Estimate
2851 Homestead Road, Santa Clara, CA - Beds \| - Baths \| 19828 Sq. Ft.	—
811 Creekside Place, Santa Clara, CA 3 Beds \| 2.5 Baths \| 1235 Sq. Ft.	$1,352,804

Address	Redfin Estimate
2891 Homestead Road, Santa Clara, CA 3 Beds \| 1 Baths \| 1500 Sq. Ft.	$2,306,774
807 Creekside Place, Santa Clara, CA 2 Beds \| 3 Baths \| 1235 Sq. Ft.	$799,098

Address	Redfin Estimate
2850 Homestead Road, Santa Clara, CA - Beds \| - Baths \| 3812 Sq. Ft.	$2,260,439
805 Woodhams Oaks Place, Santa Clara, CA 2 Beds \| 2.5 Baths \| 893 Sq. Ft.	$709,067

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 95051, CA

Sale history for 2868 Homestead Rd

Tax history for 2868 Homestead Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 95051

Home values near 2868 Homestead Rd

More real estate resources