3745 Miramar Way | Santa Clara, CA 95051
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3745 Miramar Way
Santa Clara, CA 95051
Multifamily Property For Sale · 16 Units
Investment Highlights
- Over $500,000 in capital improvements made since 2020
- All new unit interior sub panels with permits (2024)
- Dual pane windows throughout the building
- New 600 AMP main electrical panel upgrade with permits (2024)
- 14 out of the 16 units have been remodeled
- Secure common laundry facility with new epoxy floors and folding table with leased machines (2) Washers & Dryers (WASH)
Executive Summary
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.
PROPERTY FACTS Under Contract
| Price Per Unit | $502,514 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 4.66% | Building Size | 10,090 SF |
| Gross Rent Multiplier | 12.75 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.48/1,000 SF |
| Apartment Style | Garden |
| Price Per Unit | $502,514 CAD |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 12.75 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 10,090 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.48/1,000 SF |
Unit Amenities
- Storage Space
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $3,026 CAD | 550 - 565 |
| 2+1 | 8 | $3,576 CAD | 700 |
PROPERTY TAXES
| Parcel Number | 213-32-015 | Improvements Assessment | $2,137,128 CAD |
| Land Assessment | $1,869,626 CAD | Total Assessment | $4,006,754 CAD |
PROPERTY TAXES
Parcel Number
213-32-015
Land Assessment
$1,869,626 CAD
Improvements Assessment
$2,137,128 CAD
Total Assessment
$4,006,754 CAD
zoning
| Zoning Code | R3, Santa Clara |
| R3, Santa Clara |
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