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ActiveMulti-Family

$1,600,000

2491-2493 Monticello Way, Santa Clara 95051

Beds2
Baths2
Sqft1,746
DOM29
No Photos Available

AddressIntel AI Briefing

Dating back to 1960, this older property has significant potential for a major rehab or cosmetic flip. However, because SB 9 is not applicable, any redevelopment is limited to standard municipal addition rules without the benefit of lot splits or simplified density.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Santa Clara)

2026-10-21 • 738 CATALA CT, SANTA CLARA CA 95050
Regular Building Permit
--Submitted
2026-10-21 • 641 WALSH AV, SANTA CLARA CA 95050
Building Deferred Submittal
--Submitted
2026-10-21 • 1758 LAINE AV, SANTA CLARA CA 95051
Regular Building Permit
--Submitted
2026-10-21 • 3001 TASMAN DR, SANTA CLARA CA 95054
Regular Building Permit
--Submitted
2026-10-21 • Unknown
Regular Building Permit
--Pending
2026-10-21 • 3580 JULIETTE LN, SANTA CLARA CA 95054
Regular Building Permit
--Submitted

Parcel & Zoning Info

APN21624050
Official Lot Sqft7,405
Zoning Code--
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Briarwood Elementary

Santa Clara Unified

0.7 miles away
Middle School

Juan Cabrillo Middle

Santa Clara Unified

1.2 miles away
High School

Adrian Wilcox High

Santa Clara Unified

0.2 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

86/100

Based on recent sales velocity and local demand in 95051.

Flippability Score

50/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

42%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 8 recent multi-family sales in Santa Clara (95051): $749/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 50% of the 2,600 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$1,430,000
New Build2,600 sqft
Total Capital Required$3,205,000
Estimated Resale (ARV)$2,043,600
Cost of Sale (5%)-$102,180
Carry (33mo @ 7%)-$462,481
Net Proceeds$1,478,939

Projected Profit

-$1,726,061
-53.9% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Santa Clara 95051)

Sized to the modelled 2,600 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

3330 Cabrillo Ave

Sold
$2,100,000
Sold: 2026-09-08
Lot: 6,030
Sqft: 3596
$/Sqft: $584

3343 McKinley Dr

Sold
$1,850,000
Sold: 2026-07-23
Lot: 7,400
Sqft: 1566
$/Sqft: $1,181

181 Warren Dr Apt 4

Sold
$1,960,000
Sold: 2026-06-03
Lot: 13,844
Sqft: 2989
$/Sqft: $656

720 Harvard Ave

Sold
$2,325,000
Sold: 2026-05-04
Lot: 8,682
Sqft: 3673
$/Sqft: $633

3260 Homestead Rd

Sold
$2,173,888
Sold: 2026-03-25
Lot: 9,680
Sqft: 3447
$/Sqft: $631

1070 White Dr

Sold
$1,700,000
Sold: 2026-01-30
Lot: 8,364
Sqft: 1916
$/Sqft: $887

1661 Nobili Ave

Sold
$1,700,000
Sold: 2025-11-25
Lot: 9,375
Sqft: 1722
$/Sqft: $987

2854 Regnart Way

Sold
$2,175,000
Sold: 2025-11-17
Lot: 6,500
Sqft: 2581
$/Sqft: $843