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PendingMulti-Family

$2,895,000

3451 Princeton Way, Santa Clara 95051

Beds10
Baths6
Sqft4,068
DOM12
No Photos Available

AddressIntel AI Briefing

No viable development play exists here as SB 9 is not applicable and the asking price currently sits well above the theoretical resale value of a new build in this segment. Given the home is already fully updated and exhibits high lot coverage, this asset is best suited as a turnkey purchase for an owner-user rather than an active development project.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Santa Clara)

2026-09-19140 HAROLD AV, SANTA CLARA CA 95050
Regular Building Permit
--Submitted
2026-09-191168 POMEROY AV, SANTA CLARA CA 95051
Regular Building Permit
--Submitted
2026-09-192520 BOWERS AV, SANTA CLARA CA 95051
Regular Building Permit
--Submitted
2026-09-191313 KIELY BL, SANTA CLARA CA 95051
Regular Building Permit
--Submitted
2026-09-193103 ATHERTON DR, SANTA CLARA CA 95051
Regular Building Permit
--Submitted
2026-09-191156 POMEROY AV, SANTA CLARA CA 95051
Regular Building Permit
--Submitted

Parcel & Zoning Info

APN29303004
Official Lot Sqft8,712
Zoning Code--
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Sutter Elementary

Santa Clara Unified

0.4 miles away
Middle School

Marian A. Peterson Middle

Santa Clara Unified

1.2 miles away
High School

Santa Clara Community Day

Santa Clara Unified

0.3 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

85/100

Based on recent sales velocity and local demand in 95051.

Flippability Score

20/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

42%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 5 recent multi-family sales in Santa Clara (95051): $631/sqft. Sized within 50% of the 6,100 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$3,355,000
New Build6,100 sqft
Total Capital Required$6,425,000
Estimated Resale (ARV)$3,849,100
Cost of Sale (5%)-$192,455
Net Proceeds$3,656,645

Projected Profit

-$2,768,355
-43.1% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Santa Clara 95051)

Sized to the modelled 6,100 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

3330 Cabrillo Ave

Sold
$2,100,000
Sold: 2026-09-08
Lot: 6,030
Sqft: 3596
$/Sqft: $584

720 Harvard Ave

Sold
$2,325,000
Sold: 2026-05-04
Lot: 8,682
Sqft: 3673
$/Sqft: $633

857 Gallatin Dr

Sold
$2,669,000
Sold: 2026-03-26
Lot: 12,320
Sqft: 6444
$/Sqft: $414

3260 Homestead Rd

Sold
$2,173,888
Sold: 2026-03-25
Lot: 9,680
Sqft: 3447
$/Sqft: $631

3591 Brookdale Dr Apt 6

Sold
$3,150,000
Sold: 2025-11-26
Lot: 8,471
Sqft: 4798
$/Sqft: $657