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620 Alamo Ct

Mountain View, CA 94043
  • $11,925,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: ML81873808
Open House
UPDATED: 206 min ago
$11,925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,318
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Ratings & Info

Description

Alamo Park is a stunning 25-unit, value add and development opportunity located in the thriving city of Mountain View, Ca. The subject property is located in the heart of Mountain View and is well positioned for Signifiant 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 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 asset has the potential to build ADUs within an existing structure during mandatory seismic retrofitting*. This may also allow the property to exceed residential density limits allowing for greater cash flow. * Current and proforma metrics are based on 8 proposed ADU scenario.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-16T23:47:45.337. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/124556376
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620 Alamo Ct Mountain View, CA 94043

  • Price: $11,925,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 206 min ago
  • ID#: ML81873808
0
Beds
0
Baths
0
½ Baths
N/A
Acres
19,318
SQFT
$617
$/SQFT
1974
Built
Neighborhood:
Whisman
County:
Santa Clara
Area:
Whisman
Property Description
Alamo Park is a stunning 25-unit, value add and development opportunity located in the thriving city of Mountain View, Ca. The subject property is located in the heart of Mountain View and is well positioned for Signifiant 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 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 asset has the potential to build ADUs within an existing structure during mandatory seismic retrofitting*. This may also allow the property to exceed residential density limits allowing for greater cash flow. * Current and proforma metrics are based on 8 proposed ADU scenario.
Exterior Features

Foundation Concrete Perimeter Garage Parking Assigned SpacesCarport Number Of Buildings 2 Pool Pool - FencedPool - In Ground Pool YN Yes Roof Rolled Composition Units In Complex Min 25

Interior Features

Beds Unit1 1 Beds Unit2 2 Beds Unit3 3 Cooling Ceiling Fan Heating Wall Furnace Sq Ft Unit1 648 Sq Ft Unit2 860 Sq Ft Unit3 925 Structure Sq Ft 19318

Property Features

Accessibility Features Other Additional Listing Info Not Applicable City Limits Yes City Name Mountain View Community Name Alamo Park Apartments Hoa Amenities Bbq AreaCommunity Pool Hoa YN No Lot Size Area Maximum 40807.00 Meters Master WaterSeparate ElectricSeparate Gas Restrictions None Security Features None Sewer Septic Sewer Connected Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Water On Site Zoning R3-1*

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Adam S. Levin of Marcus & Millichap.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-16T23:47:45.337. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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