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Multifamily

14649 Oak St

14649 Oak St, Saratoga, CA 95070

Listing Price: $3,995,000

Cap Rate
2.54%
Number of Units
5
GRM
22.05
Price/Unit
$799,000

Investment Overview

14649 Oak Street presents a rare opportunity to acquire a boutique rental community nestled in Saratoga, a favored locale for many Silicon Valley executives. The property is located adjacent to the downtown district, offering residents easy access to upscale dining, galleries, parks, and charming cafes. Directly across from the property is Saratoga Elementary School, a renowned top-rated institution in California.

14649 Oak Street sits on a generous 18,550-square-foot lot with a net rentable square footage of 6,105 (per county assessor). Built in 1963, the property is comprised of a mix of spacious three three-bedroom and two two-bedroom floor plans with ample rear parking. Tenants’ past and present consistently praise its private, convenient, and generously proportioned living spaces, unrivaled among boutique-sized apartment communities in Saratoga.

This multi-residential property also offers an array of amenities just minutes away. Residents can enjoy proximity to Saratoga Elementary School, Komina Tennis Club, Downtown Saratoga, Montalvo Arts Center, and Wildwood Park. Saratoga is renowned for its appeal as a residential community, boasting top-rated public schools and prestigious neighborhoods frequented by engineers, CEOs, and entrepreneurs. The vibrant historic downtown area, affectionately known as "The Village," showcases a wealth of dining options, unique shops, and historic buildings dating back to the late 1800s and early 1900s. Many of the nation's largest technology companies, including Apple, NVIDIA, Google, Meta, Amazon, Microsoft, and Yahoo, have operations just outside of Saratoga. With its prime location, luxurious accommodations, and proximity to esteemed institutions and recreational amenities, this property promises both immediate returns and long-term appreciation for discerning investors.

Investment Highlights

  • Situated adjacent to Downtown Saratoga and Saratoga Elementary School.
  • Large Units of All Three-Bedroom and Two-Bedroom Floor Plans
  • One of Four Market-Rate Apartment Complexes Built in Saratoga with Five or More Units
  • Situated within the Saratoga Union School District, Recognized as One of the Top-Rated School Districts in California

Exclusively Listed By

Multifamily

14649 Oak St

Listing Price: $3,995,000

Cap Rate
2.54%
Number of Units
5
GRM
22.05
Price/Unit
$799,000

Investment Highlights

  • Situated adjacent to Downtown Saratoga and Saratoga Elementary School.
  • Large Units of All Three-Bedroom and Two-Bedroom Floor Plans
  • One of Four Market-Rate Apartment Complexes Built in Saratoga with Five or More Units
  • Situated within the Saratoga Union School District, Recognized as One of the Top-Rated School Districts in California

Investment Overview

14649 Oak Street presents a rare opportunity to acquire a boutique rental community nestled in Saratoga, a favored locale for many Silicon Valley executives. The property is located adjacent to the downtown district, offering residents easy access to upscale dining, galleries, parks, and charming cafes. Directly across from the property is Saratoga Elementary School, a renowned top-rated institution in California. 14649 Oak Street sits on a generous 18,550-square-foot lot with a net rentable square footage of 6,105 (per county assessor). Built in 1963, the property is comprised of a mix of spacious three three-bedroom and two two-bedroom floor plans with ample rear parking. Tenants’ past and present consistently praise its private, convenient, and generously proportioned living spaces, unrivaled among boutique-sized apartment communities in Saratoga. This multi-residential property also offers an array of amenities just minutes away. Residents can enjoy proximity to Saratoga Elementary School, Komina Tennis Club, Downtown Saratoga, Montalvo Arts Center, and Wildwood Park. Saratoga is renowned for its appeal as a residential community, boasting top-rated public schools and prestigious neighborhoods frequented by engineers, CEOs, and entrepreneurs. The vibrant historic downtown area, affectionately known as "The Village," showcases a wealth of dining options, unique shops, and historic buildings dating back to the late 1800s and early 1900s. Many of the nation's largest technology companies, including Apple, NVIDIA, Google, Meta, Amazon, Microsoft, and Yahoo, have operations just outside of Saratoga. With its prime location, luxurious accommodations, and proximity to esteemed institutions and recreational amenities, this property promises both immediate returns and long-term appreciation for discerning investors.

Exclusively Listed By

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