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City is a larger city, between Saratoga and San Jose. The other
Subject Properties are in one of the older industrial districts
of Santa Clara City.
2. The Quito Property
The Quito Property is 11.23 acres, about 489,178 square
feet. Access to the Quito Property is available from Quito Road
on the east and from Vessing Drive on the south. The Quito
Property is on a slope; its eastern border closely follows a
creek. The eastern and western sides of the Quito Property are
irregular, the east-west distance varying from about 640 feet at
the north end to about 380 feet at the south end.
The Quito Property is located in east Saratoga, in a
residential neighborhood about 2-3 miles from downtown Saratoga.
The Quito Property is zoned residential single family with a
minimum size lot requirement of 40,000 square feet. The Quito
Property’s neighborhood was typified by 1-acre lots, but many
lots were of various sizes up to 2.7 acres. During 1992, homes
within a 1-mile radius of the Quito Property sold at prices from
$506,000 to $1,175,000.
The Quito Property is in the Campbell Union School District
and not the Saratoga School District. Homes located in the
Saratoga School District historically received a location premium
of 10 percent, compared to homes in the Campbell Union School
District. Public schools and commercial services are within 5
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