620 Alamo CT

MOUNTAIN VIEW, CA, 94043

$10,885,000

$563 per ft²
$10,885,000
$563 per ft²
Active
Active
 - For Sale
carpenters-square
19,318 ft²
property_type
Commercial
calendar
Built 1974
Alamo Park Apartments is a stunning 25-unit, value add and development opportunity located in the thriving city of Mountain View, California. The subject property is located in the heart of Mountain View and is well positioned for significant added value through redevelopment. The current zoning of R3-1 allows for a maximum of 30 single family homes to be built upon approval from the city*. Alternatively, the subject property is also available for a potential condo conversion. Alamo Park Apartments allows the investor to operate the property in the interim as apartments for cash ow while simultaneously taking the property through the process of getting approval for 8 potential tuck under Accessory Dwelling Units (ADUs). This may also allow the property to exceed residential density limits allowing for greater cash flow.
MLS® ID:
ML81892011
Updated:
10/2/22
Christie's International Real Estate Sereno
Zan Mendenhall

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Ceiling Fan
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.94 acres lot
Roof
Rolled Composition
Sewer
Sewer Connected

Other Property Details

Area Name
200
Garage
Yes
Parking
Assigned Spaces
Parking Total
25.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Pool
Yes
Pool Description
Pool - In Ground
Zoning
R3-1*

Property History

Date
Event
Price
Value
9/29/22
Price Change
$10,885,000
-5%

 

Courtesy of Eymon Binesh, Marcus & Millichap

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Zan Mendenhall shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:23 PM UTC, 10/2/22

 

Christie's International Real Estate Sereno
Zan Mendenhall
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