3745 Miramar Way

Santa Clara, CA 95051

$5,580,000
Price
Beds
9,233 Sq. Ft.
$604 / Sq. Ft.
9,233
Sq. Ft.
$604
per Sq. Ft.

Description

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...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.
  1. Listed by Brian Henry • DRE #01385537 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-688-8507
  2. Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey

Property Details for 3745 Miramar Way

MLS City Name
SANTA CLARA
Building Type
Other
Garage Spaces
8
Parking Spaces
9
Cross Street
Halford Avenue
LISTING UPDATED: 11/04/2024 03:08 PM

Property Details for 3745 Miramar Way

StatusActive
MLS #ML81985699
Days on Compass13
Taxes$65,787 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.37 AC / 16,200 SF
CountySanta Clara County

Building Information for 3745 Miramar Way

Stories-Residences-Year Built1960Building Size-Lot Size0.37 AC / 16,200 SF

Property Information for 3745 Miramar Way

Features
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Cooktop - Electric, Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
Features
  • Communications: Cable TV, Satellite Dish
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 9233
  • Pool: No
  • Security Features: Security Lights
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Irrigation Connected, Public
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Carport, Lighted Parking Area, On Street, Tandem Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 2
  • Area Text: Santa Clara
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3745
  • Street Name: Miramar
  • Street Suffix: Way
  • Area ID: 8
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 9233
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 213-32-015
  • County Name: Santa Clara
  • City Name: SANTA CLARA
  • City Postal ID: 63
  • Postal Code: 95051
  • Elementary School: 399
  • Elementary School District: 483
  • Middle School Text: Marian A. Peterson Middle
  • High School District Text: Santa Clara Unified
  • High School Text: Adrian Wilcox High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .37
  • Lot Description: Grade - Level, Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Courtyard, Drought Tolerant Plants
Multi Family Information
Building Information
  • No Of Leased: 16
General Information
  • Annual Tax Amount: $65,787
  • Capitalization Rate: 4.67
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,540
  • Expense Landscape: $3,600
  • Expense Maintenance: $9,600
  • Expense Management: $19,035
  • Expense Trash: $13,082
  • Expenses Other: $15,900
  • Expenses Utility: $32,630
  • Expenses Total: $165,174
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Reserve Fund, Services - Gardener, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 12.71
  • Income Annual Gross: $425,782
  • Income Annual Rental: $436,071
  • Income Gross Scheduled: $438,951
  • Income Other: $2,880
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,250
Unit 2 Information
  • Unit 2 Approx Square Footage: 565
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,050
Unit Type 1
  • Unit Type1 Approx SqFt: 700

Property History for 3745 Miramar Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3745 Miramar Way

Taxable ValueLand$1,332,414Additions$1,523,053Total$2,855,467
Tax Record2024$33,510 ($2,793 / month)
Home Facts
Total Finished SqFt9,233 SqFtAbove Grade Finished SqFt9,233 SqFtStories2Lot Size16,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR3CountySANTA CLARAAPN213-32-015Fireplace TypeHas Fireplace

Schools near 3745 Miramar Way

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 - 9 to 12
Rating
School
Distance
Ponderosa Elementary School
PublicK to 5

Marian A. Peterson Middle School
Public6 to 8

Adrian Wilcox High School
Public9 to 12

New Valley Continuation High School
Public9 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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3745 Miramar Way is for sale in Santa Clara, CA 95051. This property was listed for sale on November 4, 2024 by Newmark Cornish & Carey, it's currently listed at $5,580,000. This listing's school district is Santa Clara Unified School District. Nearby schools include Ponderosa Elementary School, Marian A. Peterson Middle School and Adrian Wilcox High School. 3745 Miramar Way is a 0-bed, 0-bath, 9,233 sqft built in 1960.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Brian Henry, DRE #01385537; Newmark Cornish & Carey, Joel Hopman, DRE #01934574

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.