Skip to main content

Multifamily

3756 Poinciana Drive

3756 Poinciana Dr, Santa Clara, CA 95051

Listing Price: $3,200,000

Cap Rate
3.35%
Number of Units
8
GRM
19.07
Occupancy
97.0%
Price/Unit
$400,000
Price/Gross SF
$688.47
Gross SF
4,648

Investment Overview

Marcus & Millichap is pleased to present 3756 and 3762 Poinciana Drive in Santa Clara, California. The subject properties are comprised of two adjacent eight unit apartment complexes each with their own individual APN numbers. Additionally, both properties recently underwent a substantial exterior renovation with brand new paint, drought resistant landscaping, new thirty year roof, new concrete patios, and recently installed private and secure gates. The subject properties were originally constructed in 1959 and are each comprised of eight one-bedroom/one-bath units averaging in size 581 square feet each. The subject properties are both comprised of 4,648 rentable square feet (per county assessors) totaling 9,296 building area. Moreover, each property has two buildings on it and are situated on a lot size of 0.18 acre(s) totaling all together 0.36 acre(s). The subject apartment complexes has schools located in the highly respected Santa Clara Unified School District. The property feeds into Ponderosa Elementary School (852 API), Marian A. Peterson Elementary School (886 API), and Adrian Wilcox High School (767 API).

3756 & 3762 Poinciana Drive benefits from excellent access, proximity to supporting tenant services, and short commute times to major employers. The site is located between Central Expressway and El Camino Real on Lawrence Expressway; it is nearly equidistant between US Highway 101 and Interstate 280. In addition to being near major traffic carriers, the site is close to bus stops along El Camino Real and is less than one mile from the Lawrence Caltrain station. The property is easy walking distance to grocery stores, drug stores, restaurants, and other supporting retail services for tenants. The schools for the neighborhood are all within one-and-one-half miles of the site.

Investment Highlights

  • Recently Upgraded Eight-Plex in Santa Clara Bordering Sunnyvale.
  • Comprised of Two-Eight Unit Properties Which Can Be Purchased Individually or Togethe
  • Located Minutes From Major Tech Employers Such As: Apple, Nvidia, Google, Juniper Net

Exclusively Listed By

Listing Price: $3,200,000

Cap Rate
3.35%
Number of Units
8
GRM
19.07
Occupancy
97.0%
Price/Unit
$400,000
Price/Gross SF
$688.47
Gross SF
4,648

Investment Highlights

  • Recently Upgraded Eight-Plex in Santa Clara Bordering Sunnyvale.
  • Comprised of Two-Eight Unit Properties Which Can Be Purchased Individually or Togethe
  • Located Minutes From Major Tech Employers Such As: Apple, Nvidia, Google, Juniper Net

Investment Overview

Marcus & Millichap is pleased to present 3756 and 3762 Poinciana Drive in Santa Clara, California. The subject properties are comprised of two adjacent eight unit apartment complexes each with their own individual APN numbers. Additionally, both properties recently underwent a substantial exterior renovation with brand new paint, drought resistant landscaping, new thirty year roof, new concrete patios, and recently installed private and secure gates. The subject properties were originally constructed in 1959 and are each comprised of eight one-bedroom/one-bath units averaging in size 581 square feet each. The subject properties are both comprised of 4,648 rentable square feet (per county assessors) totaling 9,296 building area. Moreover, each property has two buildings on it and are situated on a lot size of 0.18 acre(s) totaling all together 0.36 acre(s). The subject apartment complexes has schools located in the highly respected Santa Clara Unified School District. The property feeds into Ponderosa Elementary School (852 API), Marian A. Peterson Elementary School (886 API), and Adrian Wilcox High School (767 API).

3756 & 3762 Poinciana Drive benefits from excellent access, proximity to supporting tenant services, and short commute times to major employers. The site is located between Central Expressway and El Camino Real on Lawrence Expressway; it is nearly equidistant between US Highway 101 and Interstate 280. In addition to being near major traffic carriers, the site is close to bus stops along El Camino Real and is less than one mile from the Lawrence Caltrain station. The property is easy walking distance to grocery stores, drug stores, restaurants, and other supporting retail services for tenants. The schools for the neighborhood are all within one-and-one-half miles of the site.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower