3745 Miramar Way - Apartments FOR SALE


Santa Clara, CA 95051
$5,580,000 USD
650-823-1220
3745 Miramar Way, Santa Clara, CA for Sale
$5,580,000 USD
Apartments - FOR SALE
1/21
null | 4.66% Cap Rate

3745 Miramar Way
Santa Clara, CA 95051


HIGHLIGHTS

  • Over $500,000 in capital improvements made since 2020
  • New 600 AMP main electrical panel upgrade with permits (2024)
  • All new unit interior sub panels with permits (2024)
  • 14 out of the 16 units have been remodeled
  • Dual pane windows throughout the building
  • Secure common laundry facility with new epoxy floors and folding table with leased machines (2) Washers & Dryers (WASH)

OVERVIEW

3745 Miramar Way is an immaculately maintained 16-unit property located on the border of Santa Clara and Sunnyvale. 14 of the units have contemporized kitchens, bathrooms, and flooring throughout. All units possess dishwashers and disposals. Ownership has completed many additional recent capital improvements including replacement of all unit electrical subpanels and the 600amp main with permits (2024), water heaters, exterior lighting. The attractive courtyard demonstrates the same high-level of care with double pane windows, new screen doors, and drought-tolerant landscaping on a drip system. The laundry facility has new epoxy flooring and leased coin-op washers and dryers. Tenants benefit from close proximity to Kaiser Healthcare among other major Silicon Valley employers, Santa Clara University, and many other retail and restaurant amenities.

FOR SALE DETAILS

PRICE

$5,580,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

16

PRICE/UNIT

$348,750

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,200 SF

ZONING

R3, Santa Clara

APN/PARCEL ID

213-32-015

ASK ABOUT THIS PROPERTY

Brian HenryNewmarkMore Info
650-823-1220

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Brian HenryNewmarkMore Info
650-823-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.