Active

1162 Saratoga RD

SUNNYVALE CA, 94087

$6,500,000


$902.78 per sqft

Active

7,200 sqft

Multi-family

Built in 1952

Listed by Disclaimer

Rarely Available, Oversized Parcel (0.6 Acres) w/ Oppty to Develop 30 Spacious Condos. Desirable, Central Location in the Sunnyvale/Cupertino Border. Excellent Cupertino Schools. Plan to Construct 30 Condos Submitted and Under Review by City of Sunnyvale. Tasteful Design and Excellent Unit Mix - Mostly 2 BR/2 BA Units. Proposed Unit Mix: (22) 2 BR/2 BA, (2) 3 BR/2 BA, and (6) 1 BR/1 BA Spacious Condo Units. EXISTING Unit Mix: (5) 2 BR/1 BA (840 SF), and (5) 1 BR/1 BA Units (600 SF). Current Cashflow: $25,350/Month - 2.6% Cap and 22 GRM. Pricing Includes Entitlement Design and Application for 30-Units. Property Offers Investors/Developers with Flexible Options to: 1. Hold and Lease all Units, OR 2. Hold and Lease a Portion of Unit OR 3. Sell All Condo Units. Property Offers Easy Access to Multiple Expwys and Freeways: 82 (El Camino Real), Hwy 280/85/101, Lawrence Exwy. Walk to Fremont High School. Modern Design - Highly Desirable for Sale or for Rent Condo Product Upon Completion.

ML81946804

MLS ID

February 15, 2024

Updated

Map

1162 Saratoga RD
SUNNYVALE CA, 94087

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.6 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

455

Other Property Details

Area Name

Sunnyvale


Garage

No


Parking Total

12


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R4


Buyer Agency Compensation

2%

Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nisha Sharma | CA DRE# 01746077 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Nisha Sharma | CA DRE# 01746077 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2024 MLS Listing, Inc. All rights reserved.

Data last updated 11:02 PM UTC, 2/15/2024

 

 

Powered byLuxury Presence