Listed By:
Don Sung with Colliers Parrish International - 650-380-5188
Address
1162 Sunnyvale Saratoga RD, Sunnyvale, CA
Price
$ 6,500,000
Property Attributes
  • MLS#ML81946804
  • TypeMulti-Family
  • CountySANTA CLARA
  • CitySunnyvale
  • AreaSunnyvale
  • Zip94087
  • Style
  • Price$ 6,500,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7200
  • Lot Size0.6019 Acres
Data Source:
MLSListings Inc.
Property Description

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.

Price History
11/2/2023 Listed $6,500,000

General Features

Heating Wall Furnace
Cooling None
Utilities Public Utilities
Roof Composition
Water Public
# of Buildings 1
Security Features None
Restrictions None
Year Built 1952
Age 71
Property SubType Five or More Units
City Limits (Y/N) Yes
Zoning Text R4
Accessibility Parking
County Santa Clara
Property Type Commercial Multi-Residential (5+ units)
Special Listing Conditions Not Applicable
Status Active
City SUNNYVALE
MLS Area Sunnyvale
Listing Agent State License 01935797

Interior Features

Unit 1 Rent 2200
Unit 2 Approx Square Footage 840
Living SqFt 7200
Unit 2 Number of Bedrooms 2

Exterior Features

Parking Features Uncovered Parking
Parking Spaces 12
Lot Size Area 26219.00
Maximum Lot Size 26219.00
Sewer/Septic Sewer - Public
Meters Master Water,Separate Gas
Foundation Details Crawl Space
Building Area Total 7200
Lot Acres 0.6019
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94087

Price
AVG $4.88M
$6.5M
Visits
AVG 140
185
Data Provided by Inside Real Estate®
Year Built
AVG 1954
1952
Walkscore
AVG 65
65
Data Provided by Walkscore® not using MLS data

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