565 Saratoga Ave | Santa Clara, CA 95050
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565 Saratoga Ave
Santa Clara, CA 95050
Saratoga Square · Multifamily Property For Sale · 16 Units
Investment Highlights
- Tour of representative units Weds. 11/20 from 10 am to Noon
- Contact Brian and Bryan for link to full disclosure package
Executive Summary
Fantastic location within the heart of Silicon Valley. Close proximity to top high tech sector employers and near prestigious Santa Clara University. (14) one-bedroom one-bath units and (2) two-bedroom one-bath units with balconies, patios, dishwashers, LVT flooring, and built in wall-mounted air conditioning. Square D 400 AMP main panel with underground service and Square D or Siemens sub panels in units (not in closets). Excellent unit layouts with many recent renovations. Private courtyard with gated secure pool. Below market rents offer immediate upside in rental income. Large oversized rec room and laundry room and carports provide logical ADU potential. Assumable loan at 3.74%
PROPERTY FACTS Under Contract
| Price Per Unit | $325,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.82% | Lot Size | 0.62 AC |
| Sale Conditions | 1031 Exchange | Building Size | 11,084 SF |
| Gross Rent Multiplier | 13.85 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.85 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 11,084 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.08/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Tub/Shower
- Patio
Site Amenities
- Courtyard
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | $2,425 | 600 |
| 1+1 | 2 | $1,863 | 785 |
PROPERTY TAXES
| Parcel Number | 269-39-102 | Improvements Assessment | $2,060,309 |
| Land Assessment | $3,994,478 | Total Assessment | $6,054,787 |
PROPERTY TAXES
Parcel Number
269-39-102
Land Assessment
$3,994,478
Improvements Assessment
$2,060,309
Total Assessment
$6,054,787
zoning
| Zoning Code | R325, Santa Clara |
| R325, Santa Clara |
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