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 Colliers Parrish International, Don Sung, Listing Contact: 6503805188
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
November 1, 2023
Listed
February 20, 2025
Updated
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
Listed by Colliers Parrish International, Don Sung,
Listing Contact: 6503805188
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Data last updated 11:13 PM UTC, 2/20/2025