1162 Sunnyvale Saratoga Rd, SUNNYVALE, CA

$6,500,000

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7,200

Square feet

0.60

Acres

About 1162 Sunnyvale Saratoga Rd

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.

Features of 1162 Sunnyvale Saratoga Rd

MLS® # ML81946804
Price $6,500,000
Square Footage 7,200
Acres 0.60
Year Built 1952
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 1162 Sunnyvale Saratoga Rd
Area Sunnyvale
City SUNNYVALE
County Santa Clara
State CA
Zip Code 94087

Amenities

Utilities Public Utilities
Parking Spaces 12
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Roof Composition Roof
Foundation Crawl Space

Additional Information

Zoning R4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDon Sung
OfficeColliers Parrish International
Contact Info650-380-5188

Listing Map

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