Keller Williams Silicon Valley - MARGARET APPLE
1/2
Listing Courtesy Of: KW Bay Area Estates, 408-821-1111, Mark Miano
Local Realty Services Provided By: Keller Williams Thrive
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$8,200,000
10231 Adriana Avenue, Cupertino, CA 95014
1.34 ac
$8,200,000

10231 Adriana Avenue, Cupertino, CA 95014

Estimation provided by Keller Williams Realty Inc.
1.34 ac
Contingent
For Sale

Property Description

Attn: Developers here's your chance for a lucrative infill opportunity in the City of Cupertino, California. Cupertino has an A+ rating for Best Places to Live Index, ranking #4 of 509 cities in the Safety Index and #6 to Raise a Family. This prime site is identified in the City of Cupertino's Housing Element for a streamlined planning and approval process. The site is situated on a generous 61,855 square-foot lot, the property has City Services at the street and can accommodate up to 13+ new dwellings based on zoning codes and according to the Cupertino Planning Department recommendations. On Tuesday, May 14 at 6:45 p.m, the Cupertino City Council will hold a public hearing on the Housing Element adoption. The Planning Comm'n conducted a public hearing at a special meeting on Monday, April 29, 2024, recommending by a 3-2 vote that the City Council adopt the Housing Element and the related associated amendments necessary for its adoption. In line with Cupertino's progressive vision, the city's planning department is in the process of rezoning the property to R3/TH zoning designation, paving the way for the development of the 13 units. This allocation allows developers streamlined processes and density bonuses and DOES NOT include BMR requirements.

Property Details

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Overview
Property Type
Residential Development Land
Days on Site
310 Days
Parking
No
Margaret Apple | Real Estate Salesperson | Keller Williams Silicon Valley
Keller Williams Silicon Valley
DRE # 01199883

Activity History

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Purchase Price: $8,200,000
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Price & Tax History

Date
Event
Price
05/21/2024
Listed
$8,200,000
$6,119,403/ac
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$5,494
(-1.79%)
$379,451
Land 2,132,727 + Additions 213,272
2021
$5,594
(+1.42%)
$372,012
Land 68,333 + Additions 303,679
2020
$5,516
(+2.89%)
$364,719
Land 66,994 + Additions 297,725
2019
$5,361
(+4.97%)
$360,981
Land 66,308 + Additions 294,673
2018
$5,107
(+4.82%)
$353,904
Land 65,008 + Additions 288,896
2016
$4,872
$340,164
Land 62,485 + Additions 277,679
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Margaret Apple | Real Estate Salesperson | Keller Williams Silicon Valley
Keller Williams Silicon Valley
DRE # 01199883

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