385 Saratoga Avenue

Santa Clara, CA 95050

$2,288,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1961

calendar_month Built

Open Houses

Next available: Wednesday, February 26th, 2025 3:30 pm - 5:30 pm

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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.

Listing Information

List Price $2,288,000
Status Active
MLS ML81994002
HOA $0
Type Commercial
Year Built 1961
Lot Size 11,616
Structure Size N/A
DOM 11
Courtesy Of Magnify Real Estate
Listing Agent Kyle De Mattei DRE#02146792

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None
Heating Type
Heating Type Wall Furnace

Maps

Listing information courtesy of: Kyle De Mattei, Magnify Real Estate 408-334-3226. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 24th, 2025 at 1:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.