565 Saratoga Ave Santa Clara, CA 95050

This exceptional value-add multifamily investment opportunity presents a 16-unit apartment building located at 565 Saratoga Avenue, Santa Clara, CA 95050. The property, known as Saratoga Square, boasts 11,084 square feet and sits on a parcel with APN 269-39-102. Built in 1969, the two-building complex features two stories and includes 16 parking spaces. The unit mix comprises fourteen one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units, all featuring desirable amenities such as balconies or patios, dishwashers, LVT flooring, and built-in wall-mounted air conditioning. The property benefits from a 100% occupancy rate, generating a Net Operating Income (NOI) of $198,858, resulting in a 3.82% cap rate. The asking price is $5,200,000, translating to $325,000 per unit and $282,514 per square foot. Significant upside potential exists due to below-market rents. The property also includes a private courtyard with a gated, secure pool, a large rec room, and a laundry room, offering potential for additional dwelling unit (ADU) development. The electrical system features a Square D 400 AMP main panel with underground service and Square D or Siemens sub-panels in each unit (not located in closets). This property is offered as a 1031 exchange opportunity and does not have a ground lease. The property's prime location in the heart of Silicon Valley, near major tech employers and Santa Clara University, ensures strong rental demand.