16
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$2,288,000
Est. payment /mo
0.27 Acres Lot
Open Sun 1PM-3PM
385 Saratoga AVE Santa Clara, CA 95050
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OPEN HOUSE
Sun Feb 23, 1:00pm - 3:00pm
Wed Feb 26, 3:30pm - 5:30pm
UPDATED:
02/18/2025 09:51 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81994002
HOA Y/N No
Year Built 1961
Annual Tax Amount $27,074
Lot Size 0.267 Acres
Property Description
We are pleased to offer 385 Saratoga Avenue in Santa Clara for sale for the first time in 60+ years. This rare, well-maintained 6-unit property presents a prime investment opportunity in the heart of Silicon Valley. Centrally located near Santa Clara University, Santana Row, Apple Headquarters, and across from Prune Ridge Golf Club, the property is zoned Neighborhood Mixed Use in the General Plan, allowing up to 36 units per acre. The unit mix includes four spacious 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, all of which have been upgraded and feature dine-in kitchens. Recent capital improvements include newer dual-pane windows, a 2017 roof, a new sewer lateral, a new central water heater, new furnaces in all units, a new mailbox, and a new common area washer/dryer. Plumbing laterals are copper and the crawl space is extra tall for easier maintenance. Situated on a large lot with ADU potential, this property provides solid in-place rents with eligibility for increases on day 1 of takeover. Additional features include six carport spaces, coin-operated laundry, and a mix of stainless steel and white appliances. Don't miss out on the chance to have a stake in this high demand and growing market.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 30311071
Special Listing Condition Standard
Listed by Kyle De Mattei • Magnify Real Estate