Santa Clara, CA 95050,385 Saratoga Avenue
Listed by Kyle De Mattei • Magnify Real Estate
Bought with Kyle De Mattei • Magnify Real Estate

$2,190,000

$2,288,000

4.3%
Est.Price: ?

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Est. payment /mo

4,552 SqFt


SOLD DATE : 03/27/2025

Key Details

Sold Price $2,190,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,552 sqft

Price per Sqft $481

MLS Listing ID ML81994002

Year Built 1961

Lot Size 0.267 Acres

Property Sub-Type Other

Property Description

Offer Date: Wed. March 5 by 5:00PM. 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

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Building

Water Public

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