385 Saratoga AVE Open House Save Request In-Person Tour Request Virtual Tour
Santa Clara,CA 95050
OPEN HOUSE
Sun Feb 23, 1:00pm - 3:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,552 sqft
Price per Sqft $502
MLS Listing ID ML81994002
Bedrooms 3
Full Baths 2
Year Built 1961
Lot Size 0.267 Acres
Property Sub-Type Five or More Units
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 Santa Clara
Zoning R3
Interior
Heating Gas,Wall Furnace
Cooling None
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition,Shingle
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 303-11-071
Security Features None
Special Listing Condition Not Applicable