515 Saratoga Avenue

Santa Clara, CA 95050

$2,688,000
Price
Beds
5,339 Sq. Ft.
$503 / Sq. Ft.
5,339
Sq. Ft.
$503
per Sq. Ft.

Description

We are pleased to offer 515 Saratoga Avenue in Santa Clara for sale. This exceptional 8-unit property is a prime investment opportunity in the heart of Silicon Valley, surrounded by major tech giants like Apple and Nvidia. Featuring well-maintained 1 bedroom, 1 bathroom units that provide a cozy and inviting living space for tenants, the property's spacious 9639 square foot lot offers ample outdoor space for residents to enjoy. Additionally, its convenient location provides easy access to major highways...We are pleased to offer 515 Saratoga Avenue in Santa Clara for sale. This exceptional 8-unit property is a prime investment opportunity in the heart of Silicon Valley, surrounded by major tech giants like Apple and Nvidia. Featuring well-maintained 1 bedroom, 1 bathroom units that provide a cozy and inviting living space for tenants, the property's spacious 9639 square foot lot offers ample outdoor space for residents to enjoy. Additionally, its convenient location provides easy access to major highways and expressways, enhancing connectivity for residents and potential tenants. Don't miss out on this special property that offers a combination of prime location, quality units, and the potential for financial success. It's a unique opportunity for both immediate returns and long-term growth in the thriving Silicon Valley rental market!
  1. Listed by David Katz • DRE #01971921 • Brokerage DRE #02214785 • Magnify Real Estate • 408-758-0718
  2. Listed by Eric Katz • DRE #01900078 • Brokerage DRE #02214785 • Magnify Real Estate

Property Details for 515 Saratoga Avenue

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
3
Parking Spaces
0

Location

Listing Courtesy of Magnify Real Estate, David Katz, DRE #01971921; Magnify Real Estate, Eric Katz, DRE #01900078
Add your commute
LISTING UPDATED: 05/20/2024 05:06 PM

Property Details for 515 Saratoga Avenue

StatusActive
MLS #ML81966509
Days on Compass27
Taxes$31,768 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.22 AC / 9,583 SF
CountySanta Clara County

Location

Listing Courtesy of Magnify Real Estate, David Katz, DRE #01971921; Magnify Real Estate, Eric Katz, DRE #01900078
Add your commute

Building Information for 515 Saratoga Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$17,317 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,670

Property Taxes

$2,647

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 Saratoga Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 5339
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 515
  • Street Name: Saratoga
  • Street Suffix: Avenue
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5339
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 303-08-074
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95050
  • Elementary School District: 483
  • High School District Text: Santa Clara Unified
Lot Information
  • Foundation: Concrete Perimeter, Post and Pier
  • Lot Acres: .22
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $31,768
  • Capitalization Rate: 4.34
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,339
  • Expense Landscape: $1,320
  • Expense Maintenance: $4,800
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $12,385
  • Expenses Total: $55,612
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 15.15
  • Income Annual Gross: $172,156
  • Income Annual Rental: $175,560
  • Income Gross Scheduled: $177,480
  • Income Other: $1,920
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,829
Unit Type 1
  • Unit Type1 Approx SqFt: 667

Property History for 515 Saratoga Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 515 Saratoga Avenue

Taxable ValueLand$238,952Additions$410,218Total$649,170
Tax Record2023$7,861 ($655 / month)
Home Facts
Total Finished SqFt5,339 SqFtAbove Grade Finished SqFt5,339 SqFtStories2Lot Size9,639 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR3CountySANTA CLARAAPN303-08-074Fireplace TypeHas Fireplace

Schools near 515 Saratoga Avenue

This home is within Santa Clara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Westwood Elementary School
PublicK to 5

Buchser Middle School
Public6 to 8

Santa Clara High School
Public9 to 12

Wilson Alternative School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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515 Saratoga Avenue is a multi-family home for sale in Santa Clara, CA 95050. This property was listed for sale on May 20, 2024 by Magnify Real Estate, it's currently listed at $2,688,000. This listing's school district is Santa Clara Unified School District. Nearby schools include Westwood Elementary School, Buchser Middle School and Santa Clara High School. 515 Saratoga Avenue is a 0-bed, 0-bath, 5,339 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, David Katz, DRE #01971921; Magnify Real Estate, Eric Katz, DRE #01900078

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.