Exceptional Development opportunity in the heart of Silicon Valley with Outstanding School District. Owner/Investors can operate as a 16 Unit Apartment complex, fully occupied on 1 Acre land within walking distance to Googles Headquarters while taking the project through the Entitlement process & ready for Construction. This is a very low density apartment complex. There are few similar low density apartment complexes in the area that have been developed into high density single family homes. There are a few other high density projects on North & South Rengstorffs under construction. 440 N. Rengstorff has 2 APNs with each APN consist of 21,600 +/- SqFt of Land totaling 1 Acre +/- . All 16 Units are 2 Bedrooms with a gross building area of 12,720 +/- SqFt, averaging around 795 +/- square feet per unit with large fenced backyards and each unit has Two assigned Parking Spaces. There are Four , 4 Unit Buildings , plus Two community Laundry Rooms.
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